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Cost of Interactive Investor ISAs
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Redlander
Posts: 87 Forumite
We switched our investments to Interactive Investor on the understanding that a flat fee of £9.99 per month covered one trading account and one stocks and and shares ISA. I was prepared to pay an additional £9.99 for a second ISA for my wife, but I was annoyed to find that for a joint trading account, no ISAs are included, and we were expected to pay three times £9.99 per month.
Call me a skinflint but I was annoyed that this was not, as far as I can tell, wasn't flagged up anywhere obvious.
Should I stick with ii? Our investments are sufficient that a flat fee suits us best, and we don't plan to do much trading. Perhaps it's asking too much, but are there any reputable stocks and shares ISAs completely free of admin fees?
Call me a skinflint but I was annoyed that this was not, as far as I can tell, wasn't flagged up anywhere obvious.
Should I stick with ii? Our investments are sufficient that a flat fee suits us best, and we don't plan to do much trading. Perhaps it's asking too much, but are there any reputable stocks and shares ISAs completely free of admin fees?
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Comments
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Its all in their T&C and you cant have a Joint ISA so suspect thats where the confusion is from?
1x Joint account at 9.99
2x separate ISAs at 9.99
Not sure where else I would recommend with mutual funds bar iWeb maybe?0 -
I know you can't have a joint ISA, but I'd have thought the fair and consistent pricing policy would be for £9.99 to be the cost of one joint account plus an ISA for one of the joint holders.DireEmblem said:Its all in their T&C and you cant have a Joint ISA so suspect thats where the confusion is from?
1x Joint account at 9.99
2x separate ISAs at 9.990 -
Why not just open a second account for your other half and for £9.99pm they will get their own trading account and their own ISA, so total cost for 2 is £19.98 per month (£9.99 each). The accounts aren't joint though each has their own trading account and ISA.I don't care about your first world problems; I have enough of my own!1
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Does it have to be a joint GIA. Could you not just have separate GIA's so that you split any unwrapped investments equally between you (or at whatever % you prefer)?That would be covered by 2 x £9.991
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That used to irritate me, too.
One joint GIA was very handy for sharing of capital gains, but it irked me to pay £9.99/month for each of three accounts, when we could have had four for less.
We switched to iWeb, which (very small number of annual trades/adjustments aside) costs us... nothing.I am one of the Dogs of the Index.0
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