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Which company offers low minimum monthly investments?

Skibunny40
Skibunny40 Posts: 454 Forumite
Part of the Furniture 100 Posts Name Dropper
in ISAs & tax-free savings
I've finally got my son interested in opening a S&S ISA but he doesn't have much spare money so trying to find which companies accept the smallest monthly investment. So far, it seems like AJ Bell is the lowest at £25 minimum per month? Any others?

Comments

  • Exodi
    Exodi Posts: 4,219 Forumite
    Eighth Anniversary 1,000 Posts Chutzpah Haggler Car Insurance Carver!
    edited 21 May at 7:42AM
    I believe Trading 212's S&S ISA has a minimum investment of £1 (and you can set up monthly payments).

    To boot, it's also has zero platform fee. InvestEngine also boasts these two points I believe.
    Know what you don't
  • Skibunny40
    Skibunny40 Posts: 454 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Ha - guess I'm showing my age! Hadn't even thought about app only companies, thank you
  • Flugelhorn
    Flugelhorn Posts: 7,458 Forumite
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    Skibunny40 said:
    Ha - guess I'm showing my age! Hadn't even thought about app only companies, thank you
    it is definitely worth a look, I opened one and find it very easy to use and yes it accepts small amounts of money 
  • Emmia
    Emmia Posts: 6,333 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    Skibunny40 said:
    Ha - guess I'm showing my age! Hadn't even thought about app only companies, thank you
    Moneybox allows low monthly (and weekly) contributions - another app based company.
  • jimjames
    jimjames Posts: 18,914 Forumite
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    edited 21 May at 10:18AM
    HL is also £25, higher charges but will not be significant for £25 and it's an established platform
    Remember the saying: if it looks too good to be true it almost certainly is.
  • ColdIron
    ColdIron Posts: 10,028 Forumite
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    edited 21 May at 11:03AM
    jimjames said:
    HL is also £25, higher charges but will not be significant for £25 and it's an established platform
    Indeed. HL's 0.45% fee on £25 per month (average balance in the first year of £150) would be £0.68. Dodl has a minimum fee of £1 per month so £12 pa
    HL would be a clear winner for a number of years
    Access to open ended funds as well, many app only platforms only allow shares/ITs/ETFs. Good website and customer service (real people)
  • Albermarle
    Albermarle Posts: 29,056 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    edited 21 May at 11:22AM
    ColdIron said:
    jimjames said:
    HL is also £25, higher charges but will not be significant for £25 and it's an established platform
    Indeed. HL's 0.45% fee on £25 per month (average balance in the first year of £150) would be £0.68. Dodl has a minimum fee of £1 per month so £12 pa
    HL would be a clear winner for a number of years
    Access to open ended funds as well, many app only platforms only allow shares/ITs/ETFs. Good website and customer service (real people)
    Although Fidelity have a minimum charge, it is waived if you have a regular investment of minimum £25 per month.
    So with a platform charge of 0.35% it would be a saving of 15p a year over HL ( every little helps  :))
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