No initial charges for new Citigroup ISA February 12
A new investment ISA has been launched by Citigroup that dispenses with initial charges.
Up to £367.50 could be saved by each individual investor as a result of eliminating fund managers’ fees - money that can now be invested directly into an ISA.
It is normal practice for fund houses to charge customers between three and 5.25 per cent on new investments.
With the maximum value of an ISA £7,000 in stocks and shares, a 5.25 per cent charge on this investment would equate to the aforementioned £367.50.
“With no initial charges, investors can maximise their investment into their ISA,” Jonathan Gains, head of investments at Citibank.
“The launch of the Citibank ISA is further evidence of our commitment to provide new and innovative products and services for our investment customers and complements our existing range of savings and wealth management services.”
The offer is open to both new and existing Citibank customers until April 30th.
Written Exclusively by AdFero for ISA Guides
Related articles
- Britons 'saving more than ever'
- Savers urged to 'take advantage' of packaged ISA's
- Cash ISA upper limit increased
- Time for 'serious thinking' from investors
- ISA’s at the Derbyshire Building Society
- Barclays launches new cash ISA
- Legal & General point ISA investors towards UK Property Trust fund
- ISA's at Lloyds TSB
- 'Put savings in ISA's,' parents told
- Warning over ISA deadlines
- ISA's at Britannia Building Society
- Investors advised to choose ISA's over endowment policies
- Analysts list best fund managers for ISA investments
- New ISA from Scarborough Building Society
- Lloyds TSB to offer 50% extra ISA interest
- Abbey launches 8% ISA
- ISA's at Halifax Bank of Scotland
- New Tessa ISA's announced by LBS
- ISA savers 'opting for cash not equities'
- ISA rule change needed, says Alliance
- ISA'a at Kent Reliance Building Society
- Further disruption to ISA market predicted
- Poor ISA sales 'due to interest rate hikes'
- ISA’s at the Yorkshire Building Society
- Nationwide ISA 'best' on offer
- ISA sales fall by 70 per cent in January
- ISA's at M&G
- New mini cash ISA from Bradford & Bingley
- ISA's at Marks and Spencer Money (M&S Money)
- Savers can take advantage of six per cent ISA's
- M&S Money launches new mini cash ISA
- Benefits of ISA'S highlighted by Pima
- ISA's ignored as bonuses spent as soon as possible
- Pensioners given ISA inheritance tax heads up
- Savers switch ISA's in record numbers
- ISA helps New Star investors receive payments tax free
- ISA's at Northern Rock
- Britannia announces rewards boost for ISA investors
- Nicer ISA helps charitable organisations
- New ISA packages from FundsNetwork
- New ISA launched by Alliance & Leicester
- Switching to ISA’s could save Britons £170m a year
- ISA's at Virgin Money
- ISA's at HSBC
- New ISA products launched by Fidelity
- ISA sales strong in December
- ISA industry sits tight over reforms
- Customers could gain through ISA switching
- Diversity the key for this year's ISAs
- ISA Guide
- Brits could lose out by delaying ISA allowance
- ISA Guide - Barclays
- Legal & General offers ISA customers rebate
- Nationwide Unveils New ISA
- ISAs at the Halifax