Vanguard ISA regular investments ?

Alistair31

Hoping someone can help with a simple query, I’ve asked VG direct via Secure messaging but no doubt someone on here will know and provide an answer sooner

Anyway, I put £16k in my VG ISA, most of it is still sitting as cash but I want to set up a regular investment (£1k p/month) but it only seems to give me option to regularly invest from a card/bank account, rather than from the ISA cash balance. Am I missing something or is it just not possible ?

Thanks
Alistair

Bravepants

I don't think you can do that. In any case the interest rate when holding cash in the ISA is 0.5%, but you are also being charged 0.15% by Vanguard for fees, therefore your cash is earning 0.35%.

Better take it out and put it into a Marcus (or similar savings account) while waiting to invest it. It's a flexible ISA, so you can take the money out and not lose the ability to use the full £20k at a later date THIS financial year.


You will need to manually transfer £1000 a month from your savings account to a current account and then set up a DD from the current account to Vanguard. Or simply stick the whole £16k into a fund in the Vanguard ISA or whatever product you had planned.

Alistair31

Thanks Bravepants. I feel a bit stupid for overlooking this. Very glad the VG ISA is a flexible one, have just withdrawn most of it and will add it back in slowly whilst earning interest in my Marcus account.