• 0%
    account charge until
    31 July 16. Conditions apply

    New investor offer

    Open a Trading Account (also known as a General Investment Account) with £2,000 or more, or at least £100 per month before 10 December 2015 to qualify for our 0% account charge offer until 31 July 2016. Fund manager charges will still apply.

    You will pay our standard account charge on all your investments if your initial payment into our Trading Account is below the amounts indicated above.

    Why consider our Trading Account?

    If you've maxed out your annual ISA allowance but have more money you want to invest in funds, our Trading Account could be for you.

    • No maximum limit to how much you can invest
    • Invest from as little as £50 per month or a lump sum of £500 or more (standard account charges will apply)
    • Take control of your investments through our online service
    • Build your portfolio of funds with the help of our step-by step process
    • All your investments in one place

    All investments carry a degree of risk so the value of your Trading Account can go down as well as up and you could get back less than you invest.

    There's no minimum investment period but you should consider investing for 5 years or more.

    Important documents

    Before you invest please ensure you've downloaded and read these important documents

    Trading Account Key features document Trading Account Terms and conditions Service Terms and conditions Charges information

    How does a Trading Account compare to a Stocks and Shares ISA?

    No maximum investment limit

    With our Stocks and Shares ISA you can invest up to £15,240 for the 2015/16 tax year. With our Trading Account there's no maximum limit. So, if you've used your annual ISA allowance but still have money you want to invest in funds, our Trading Account could be for you.

    Doesn't offer tax advantages of an ISA

    Income tax will apply to any income you may get from your investments and when you sell a fund you may need to pay Capital Gains Tax on any profits made if you're over your annual Capital Gains Tax Allowance. Tax benefits may change in the future.

    Stocks and Shares ISA allowance top up

    You could also use money in your Trading Account to top up your Stocks and Shares ISA if you have allowance still to use for the current tax year, to make the most of your tax efficient allowance.

    How to open your Trading Account?

    There are 2 ways to open your Trading Account:

    1. You can choose funds now if you know what you'd like to invest in
    2. If you're unsure which funds to invest in, you can open your account with cash

    Why keep cash in your Trading Account?

    • It gives you a little more time to choose your funds when you open your Trading Account
    • You have the option to move money out of your investments for a short time without withdrawing it, for example, while deciding which funds to reinvest in
    • You'll earn a variable rate of interest on any cash in your account, please see our interest rates page for the current rate. Any cash held will be subject to our account charge

    Have investments you'd like to transfer to our Trading Account?

    Find out how to transfer investments to us.

    Open a Trading Account