Investors must shop around for the lowest cost ISA to prevent excessive charges taking a big bite out of their savings 
(01/02/2010)
SimplyStockbroking is urging investors to shop around for the lowest cost ISA to prevent excessive charges taking a big bite out of their savings in today’s low growth economy.
SimplyStockbroking’s self select stocks and shares ISA levies no fixed annual management charges for the ISA wrapper. It charges investors just £8 per trade to buy and sell a wide range of investments in their ISAs including equities, bonds and Exchange Traded Funds and a dividend processing fee, capped at £1 per dividend. It is believed to be the lowest cost self select stocks and shares ISA in the market, offering savings of up to 51 per cent over its rivals.
Stephen Pinner, Chairman, SimplyStockbroking says: “Investment charges can take a huge bite out of savers’ returns – which is why we levy no fixed management or inactivity charges at all on the SimplyStockbroking ISA. All our clients pay to trade online or over the phone within a tax efficient self select ISA is just £8 a trade – the lowest genuine rate in the market.
“In a low growth economy, eliminating investment charges will make a huge difference to the returns investors can expect – which is why we are urging investors to shop around to get the cheapest possible ISA deal.”
Related categories: Invest in Financial products
