3 best ISAs if you want to invest sustainably
22 Jan, 2022
With inflation rising and interest rates on cash ISAs remaining stubbornly low, stocks and shares ISAs may appeal to those who are happy to put their cash away for a long time in exchange for potentially bigger returns.
But for many of us – particularly Millennials and Gen Z – sustainability is just as much of a deal breaker as returns.
So here’s our pick of the 3 best stocks and shares ISAs if you want to invest sustainably.
The Big Exchange
The Big Exchange is on a mission to help people understand the power their money can have on their own lives and addressing global challenges.
A cousin to the Big Issue, this ISA is a great option for people who want to invest with a genuine firm committed to change. Decently priced, ready-made bundles of investments made for you.
Here's our summary of The Big Exchange.
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Why open an ISA with The Big Exchange?
- You want your money to have a positive impact on people on planet.
- You're tired of companies that claim to 'care' about ethics and the environment but have little to show for it.
- Every investment you make with The Big Exchange is rated for the positive impact it has on the world and the UN's Sustainable Development Goals.
How much will it cost me to invest £1,000 in an ISA with The Big Exchange?
According to our pricing calculator, £1,000 invested in an ISA with The Big Exchange would cost you £1.50 a year.
Interactive Investor
The UK's largest flat-free investment platform, Interactive Investor has rapidly expanded its ethical investment options in recent years.
For more-confident investors with more than £50k to invest, Interactive Investor has the most thoughtfully assembled research lists of good sustainable funds.
Here's our summary Interactive Investor.
You can also visit our provider review page for more analysis and geeky details.
We collect reviews and share feedback from real users to give you the best information about providers.
Why open an ISA with Interactive Investor?
- You want to invest larger sums of money.
- You want to invest in funds that have stricter environmental, social and governance criteria, such as pollution levels.
- You're drawn to companies that are embracing sustainable technologies, such as renewables, which benefit society and the environment.
How much will it cost me to invest £1,000 in an ISA with Interactive Investor?
According to our pricing calculator, £1,000 invested in an Interactive Investor ISA would cost you between £127.87 and £239.88 a year.
Nutmeg
Nutmeg is an online investment management company that scores all of its portfolios against a range of environmental, social and governance factors.
Owned by US powerhouse JP Morgan, Nutmeg has easy to access ready-made portfolios of socially responsible investments with some helpful reporting, a decent app and fair charges.
Here's our summary of Nutmeg.
You can also visit our provider review page for more analysis and geeky details.
We collect reviews and share feedback from real users to give you the best information about providers.
Why open an ISA with Nutmeg?
- You want investing to be clear and straightforward.
- You'd prefer a pre-packaged investment from a well-established robo adviser.
- You want some decent Socially Responsible Investment options
How much will it cost me to invest £1,000 in a ready-made ISA with Nutmeg?
According to our pricing calculator, £1,000 invested in ready-made Nutmeg ISA would cost you £7.20 a year.
