Which company offers low minimum monthly investments?

Skibunny40

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?

Exodi

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.

Skibunny40

Ha - guess I'm showing my age! Hadn't even thought about app only companies, thank you

Flugelhorn

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

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

HL is also £25, higher charges but will not be significant for £25 and it's an established platform

ColdIron

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

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  )