Wednesday 20 February 2008

Self Select ISA deals

Up until recently, Selftrade was my best recommended Self Select ISA provider, but events have overtaken their offering. It first started off when TD Waterhouse undercut them with an offer of no yearly admin fee if your ISA balance was £3,600 or more. Fair enough, but I as still slightly in favour of Selftrade, even then, since they allow investment in ETFs on a regular basis without any dealing fee, regardless of how small the amount invested is.

Now, iWeb has trumped even TD Warehouse, by offering no yearly fee, commission of £10 on lump sum investments (compared to SelfTrade's £25), and to beat it all, the thing of most interest to me is the ability to invest regularly at only £1.50 per share dealing.

How long before Selftrade are forced to move the same way? I'm certainly considering a switch to iWeb.

Having said all that, if you don't deal often and want to invest in ETFs without brokerage fees, you can still get £50 back with this great ISA offer.