Full product details for the RBS Direct Trader Self-Select ISA savings account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
from 79 ratings
79 customers rated their RBS savings as 3.9 out of 5 in our 2010/2011 Consumer Finance Awards.
There are over 1900 funds available for investment at reduced fees, over 1400 with no initial charge. As well as funds, the client can also trade in UK and international shares, investment trusts, bonds, gilts, ETFs and new issues.
Shares
yes
Direct investment in shares is available within this product.
ISA Initial Charge
0%
There is no initial charge at ISA level.
ISA Annual Fee
up to £25+VAT
Where the total value of the ISA is less than £10,000 there is an annual fee of £25 + VAT. If the value is £10,000 or more there is no charge. A Nominee Administration Fee of £10+VAT per quarter may be charged. The fee will be waived if the client holds more than £2,000 or more in stock and/or cash in the account at the time the fee is levied, or if they have traded at least once or more during the previous quarter.
ISA Transfer In Fee
no
There is no charge for transfers in.
ISA Transfer Out Fee
50 + VAT
There is a transfer out fee of £50+VAT plus the relevant administration fee calculated on the plan value at the date of closure.
Minimum Initial Investment
£0
0
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Minimum Monthly Investment
£0
There is no minimum monthly premium.
Minimum Lump Sum Stocks & Shares ISA Investment
£100
The minimum initial investment is £100.
Minimum Initial Investment
£0
0
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