self select isa for weekly saver?

westy22

That link you provided was to the Halifax Funds ISA not the Stocks & Shares ISA. I think that they are different accounts as opposed to a S&S ISA with for example Hargreaves Lansdown which allows funds, shares and EFTs within the same ISA structure

khampson

Oh this is where I am getting all confused, I thought it was the same accounts, makes sence now the Halifax I had seen originally was the one I had posted on my last post and I was comparing them all to this, sorry about that.

Keith

Mikeyorks

Halifax create the confusion. They are both S&S ISAs. But Halifax differentiate between one that can hold Shares ('Stocks & Shares ISA') and one that can hold Funds etc ('Funds ISA') ...... most simply harmonise them.

Look at Hargreaves or similar - they do it better than the Bank offerings.

khampson

Does this mean selftrade is the best?

http://www.money.co.uk/savings-accounts/self-select-isas.htm

westy22

Not necessarily - Selftrade has been promoted to first position presumably because they pay a fee to the website, the others are just listed alphabetically.

There is no 'best' S&S ISA - you will have to compare offerings and see which suits your needs best and which has the lowest fees for what you wish to invest. For example, if you just wish to buy funds then Fidelity Fundsnetwork through Cavendish will probably be the 'best' one. If you want to buy just shares then Interactive Investor is hard to beat. If you want to buy a mixture of funds, shares and ETFs then you may feel that Hargreaves Lansdown provides good flexibility at reasonable cost.

You must firstly decide what specific investment products you wish to buy within the ISA, then compare costs of those that offer what you want.

khampson

westy22 wrote: »

Not necessarily - Selftrade has been promoted to first position presumably because they pay a fee to the website, the others are just listed alphabetically.

There is no 'best' S&S ISA - you will have to compare offerings and see which suits your needs best and which has the lowest fees for what you wish to invest. For example, if you just wish to buy funds then Fidelity Fundsnetwork through Cavendish will probably be the 'best' one. If you want to buy just shares then Interactive Investor is hard to beat. If you want to buy a mixture of funds, shares and ETFs then you may feel that Hargreaves Lansdown provides good flexibility at reasonable cost.

You must firstly decide what specific investment products you wish to buy within the ISA, then compare costs of those that offer what you want.

thanks for taking the time to reply, Well probably a mixture of both, I have just had a look at Hargreaves Lansdown site and it says minimum investment for unit trust £1000, my plan was to put £30 to £50 into many different funds, £1000 minimum seems a bit steep to me, I wanted to spread the risk, is this info correct or have I misunderstood

Keith

westy22

The £1000 applies to initial Lump Sum investments - regular investments can be from £50 per month per fund. http://www.hl.co.uk/investment-services/isa/regular-savings-in-an-isa