3 best stocks and shares ISAs if you want to keep costs low
13 Jan, 2022
In the long run, investing in the stock market can be very rewarding. While returns are never guaranteed, in any 10-year period, stocks and shares have outperformed cash 90% of the time. But platform costs can vary – and some of these charges can eat into your investment returns if you’re not paying attention.
So, here’s our pick of the 3 best stocks and shares ISAs if you want to keep costs low:
Vanguard
Vanguard is one of world's largest investment platforms, launching its own DIY platform in 2017.
Vanguard is a US powerhouse and the champion of low-cost investing. It’s not a department store – it’s only their branded funds. But it’s simple, very well rated by the industry and low cost!
- You prefer the security of investing in a huge global player
- You're happy with low-cost, no-frills investing.
- You want to get up and running without having to choose anything
How much will it cost me to invest £1,000 in stocks and shares ISA with Vanguard?
According to our pricing calculator, £1,000 invested in an ISA with The Big Exchange would cost you £1.50 a year.
Freetrade
Freetrade is a UK-based technology company that has offered a freemium share dealing service since 2016.
Freetrade is up and coming. As the name suggests you can avoid transaction fees and an ISA is a flat £3x a year. Better for shares and will suit those happy to pick and maintain a share portfolio.
- You're happy to use a mobile-only platform to monitor your investments
- You want to have a good choice of accounts
- You want the option of upgrading to a premium account with extra features
How much will it cost me to invest £1,000 in an ISA with Freetrade?
According to our pricing calculator, £1,000 invested in an ISA with The Big Exchange would cost you £36 a year, but there are no share dealing charges.
Wealthify
Wealthify is an online investment service that is part of the Aviva group and is headquartered in south Wales.
Wealthify is a nice easy starter ISA for people who aren’t confident, don’t really know what they’re doing, but want a simple low-cost way to get started.
Why should I open a stocks and shares ISA with Wealthify?
- You want your investment journey to be as simple as possible.
- You want everything explained in layman's terms.
- You want to use interactive tools to monitor your investments.
How much will it cost me to invest £1,000 in an ISA with Wealthify?
According to our pricing calculator, £1,000 invested in a Robo ISA with Wealthify would cost you £7.60 a year.
