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Vanguard: New Minimum Monthly Account charge
gt94sss2
Posts: 6,301 Forumite
Update: Vanguard have delayed the minimum account fee and other terms changes. They will now apply from 28 February 2025.
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Vanguard are introducing a new monthly minimum charge of £4 per customer from the 31/01/25
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Vanguard are introducing a new monthly minimum charge of £4 per customer from the 31/01/25
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Comments
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Funny, for a company that used to champion lower fees they are going in the wrong direction3
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N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.1 -
I was paying them more than that anyway but quite disappointing from VG.Incidentally, I’m in the process of transferring my entire ISA from VG to iWeb, who I note have recently dropped their account opening charge on a permanent basis.0
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That's quite annoying. I currently build up my S&S isa with vanguard throughout the year and then transfer over the balance to iWeb in April to minimise fees. May need to revise my approach....2
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Fidelity do something similar with a minimum charge of £90 pa, although if you are set up for regular investing, I think they do not apply it.
In general it is normal in business to charge smaller customers more.3 -
same here. Time to get the calculator out!HedgehogRulez said:That's quite annoying. I currently build up my S&S isa with vanguard throughout the year and then transfer over the balance to iWeb in April to minimise fees. May need to revise my approach....2 -
At least it seems they're aggregating account balances so eg £10k in a SIPP and £30k in an ISA will pay the same as now as total >£32kQrizB said:2 -
Probably why they're doing it!Aylesbury_Duck said:
same here. Time to get the calculator out!HedgehogRulez said:That's quite annoying. I currently build up my S&S isa with vanguard throughout the year and then transfer over the balance to iWeb in April to minimise fees. May need to revise my approach....5 -
Looks like I timed my SIPP move from Vanguard to Freetrade (where I'm already a plus member, so no additional SIPP charge from them) nicely. I'll be getting 1% cashback too.1
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I got the email too. Time to look into something else for my small SIPP balance. I'll want to access it in a couple of years anyway.
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