Eligibility
Who is eligible for the cashback offer?
The offer is open to all existing Prosper members who haven't yet opened an investment account, and to new members joining the platform. You need to opt in via the Profile section of the app, then open and fund any number of eligible investment accounts – a Stocks & Shares ISA, Personal Pension (SIPP) and/or General Investment Account (GIA) – with a minimum of £5,000 by 30 June 2026.
How do I opt in?
Tap the opt-in button in the Profile section of the Prosper app. By opting in, you're accepting the offer Terms and Conditions. You'll then need to open and fund any number of eligible investment accounts by 30 June 2026 to qualify for cashback.
Can I claim cashback more than once?
No, cashback is awarded once per member, based on the qualifying investment account or accounts you open and fund during the offer window.
Does my existing Prosper savings account count?
No, the offer applies to investment accounts only – Stocks & Shares ISA, Personal Pension and/or GIA. Cash savings accounts (including Cash ISA and fixed-term savings held with Prosper) do not qualify. The idea behind the offer is to encourage you to put money to work in investments rather than leaving it in cash.
Can I use money I'm transferring from another provider?
Yes, you can fund with new money or transfer in from an existing investment account held elsewhere. If you're transferring a pension, check whether your current provider charges exit fees or whether you'd lose any valuable benefits (such as guaranteed annuity rates) before proceeding.
Tiers and payment
How is my cashback tier determined?
Your tier is based on the funded balance of the qualifying investment account or accounts you open and fund during the offer window. The tiers are:
Amount invested | Cashback |
£5,000 – £9,999 | £50 |
£10,000 – £19,999 | £100 |
£20,000 – £49,999 | £200 |
£50,000 – £99,999 | £500 |
£100,000 – £249,999 | £1,000 |
£250,000 – £999,999 | £2,000 |
£1,000,000+ | £3,000 |
Can I invest across multiple accounts to reach a higher tier?
Yes, and for most members looking to invest above £20,000, combining accounts is the practical way to do it, given the ISA annual allowance is capped at £20,000. For example, to qualify for £200 cashback you could put £20,000 into a Stocks & Shares ISA and £5,000 or more into a Personal Pension or GIA, bringing your total to £25,000.
Your cashback tier is based on the total invested across your qualifying accounts, not just one account in isolation.
When will I receive my cashback?
Cashback will be paid into your Prosper wallet by 15 July 2026, following the close of the qualification window on 30 June 2026. You don't need to do anything – it will be applied automatically once your eligibility has been verified.
Will my cashback be paid into my investment account?
No, cashback is paid into your Prosper wallet. You can choose to invest it from your wallet once received.
The 24-month holding requirement
What is the 24-month holding requirement?
To keep your cashback, you must maintain at least the original qualifying investment amount in your Prosper investment account for 24 months from 30 June 2026. If you withdraw money that brings your balance below that original amount before the 24 months are up, Prosper reserves the right to recover the cashback in full.
The 24-month holding period starts on 30 June 2026, regardless of when you invest. This means if you invest before 30 June 2026, your total lock-in period will be longer than 24 months.
What if my portfolio falls in value due to market movements?
Market-driven fluctuations don't affect your eligibility. The holding requirement is assessed against your original qualifying investment amount, not your current portfolio value. Only voluntary withdrawals trigger a potential clawback.
Can I add more money to my account during the 24 months?
Yes, you can add further contributions at any time. Additional contributions made after 30 June 2026 will not change your cashback tier, but they also won’t affect the holding requirement, which is fixed at your original qualifying amount (the amount across your investment accounts as of 30 June 2026).
Investing involves risk and reward. The value of investments can rise or fall.