Help with s&s ISA

wilcoskip

Hello all.

The wife is shopping around for a stocks and shares ISA at the moment - the first she's ever had (only had cash ISAs before). She's looking for something flexible (online access & valuations whenever she wants, variety of funds, ability to self-trade stocks) but also for one that doesn't require what are (to her, at least) large sums.

Virgin Money seems to satisfy the low amount criteria, but not the flexibility. Hargreaves Lansdown looks great apart from the high value £ involved for initial investment and top-ups (she's only starting out, and has no existing lump sums to invest.)

Can anyone recommend any online-accessible ISAs that would give us what we're after?

Thanks for your time and help,

WS

dunstonh

Virgin Money seems to satisfy the low amount criteria, but not the flexibility.

Their S&S ISA is not just inflexible (in its awful range of funds) but its also expensive.

Hargreaves Lansdown looks great apart from the high value £ involved for initial investment and top-ups (she's only starting out, and has no existing lump sums to invest.)

They do a small regular if you want.

Can anyone recommend any online-accessible ISAs that would give us what we're after?

What sort of amounts is your wife looking to do and what frequency?

wilcoskip

She's looking at an initial amount of £350, followed by around £200/month. Give or take.

Thanks,

WS

Aegis

wilcoskip wrote: »

She's looking at an initial amount of £350, followed by around £200/month. Give or take.

Thanks,

WS

Just set up a regular savings ISA at Hargreaves Lansdown. Set the amount for £350 in the first month and reduce it to £200 from the second month onwards.

Certainly better than heading to someone like Virgin!

wilcoskip

That's what I planned, but then reading the FAQs found out that to open an ISA they want a minimum of £3000. Which, at the moment, isn't there (or rather, is there, but for the sake of liquidity and cash buffering is staying where it is.)

dunstonh

wilcoskip wrote: »

That's what I planned, but then reading the FAQs found out that to open an ISA they want a minimum of £3000. Which, at the moment, isn't there (or rather, is there, but for the sake of liquidity and cash buffering is staying where it is.)

That is only on new single premiums. Not regulars.

wilcoskip

I didn't realise that - thanks. Looking through the FAQs it's not particularly clear. I've sent them an email question just to confirm this issue, but if they do waive the £3k initial investment for regular savers, then it looks like being H&L for her cash.

Thanks for your help.