Selftrade ISA Offering - £175 ISA bonus act before 30th April

Selftrade are offering a pretty impressive ISA deal this year, whereby if you invest the full £10,500 in their ISA account by 30th April 2010, you get 10 free trades worth a total of £125 to use during May.

Not only that, but you can boost that by a further £50 by getting me to recommend you. Obviously, I'm more than happy to do this. You can do that by emailing me at alan@doityourselfisa.co.uk using the mail address matching that you want to apply for the account in.

All I can say is, if you're interested act as soon possible. This great offer dies on 1st May 2010. Best ISA offer I've seen so far this new tax year, for sure. In the interests of disclosure I'm happy to reveal that this is where my new ISA money is headed this year, for sure.

Selftrade mismanage Freedom4 tender

To Update People on the Pipex/Freedom 4 situation, Halifax did their bit and tendered 85% of my shares, Selftrade on the other hand, mismanaged it and only did 58%, despite me knowing a huge number of their nominee shareholders didn't put their tenders in in time.

I complained about the fact they only tendered 58% when I specifically said tender ALL or as much as possible. The official written reply is :-

"Unfortunately we do not have direct access to the Halifax to substantiate your claim that they tendered 85%..."

Not impressed.

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.