S&S ISA providers that don't charge to open account or hold cash

vikkiew

I know Hargreaves Lansdown is one. It's hard with most others if the admin or account fees would be charged. If you know for a fact can you list any others?

Albermarle

Most providers do not charge you to open an account, a few have a fixed annual/monthly charge though.
So any provider that charges a % of your funds, rather than a fix fee, should be fine. Some are even paying a bit of interest on cash.
Have a look at Fidelity or Vanguard.

cloud_dog

From my limited knowledge, I think the 'norm' for percentage based platforms is to charge on the entire account value; the exceptions being HL and Fidelity who do not apply the fee on cash.

Vanguard are now (with higher interest rates) in the situation of charging fees on cash holdings, but actually paying you more in interest than their charge.

masonic

cloud_dog said:

From my limited knowledge, I think the 'norm' for percentage based platforms is to charge on the entire account value; the exceptions being HL and Fidelity who do not apply the fee on cash.

Vanguard are now (with higher interest rates) in the situation of charging fees on cash holdings, but actually paying you more in interest than their charge.

AJ Bell/Youinvest explicitly state there is no charge on cash: https://www.youinvest.co.uk/isa/charges-and-rates

With Vanguard no longer making a net charge on cash, I think that's all the major percentage fee providers not chipping away at cash balances.