Compare ISAs

Invest up to £15,240 per year

Pay no tax on interest earned up to a balance of £15,240 per year

Choose From A Variety of ISAs

Choose between Cash ISAs, Stocks and Shares ISAs, Innovative Finance ISAs, Help to Buy ISAs and more

Withdraw When Required

Withdraw funds from your ISA whenever without losing the tax benefits

ISA Comparison Table

Scottish Friendly My Money Builder ISA (Stocks and Shares)

Minimum Investment

From £10 per month

Choice of Investment Funds?

No

Charges/Fees/Costs

1.5% Annual Management Charge, £50 early exit fee if you withdraw within the first 5 years

Summary: My Money Builder ISA is a tax-free investment designed to get you into a monthly habit of saving from as little as £10 per month. Existing ISAs can be transferred into the My Choice (ISA)

Important: Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest.

Scottish Friendly My Select ISA (Stocks and Shares)

Minimum Investment

From £10 per month or lump sum from £100

Choice of Investment Funds?

Yes, a range of funds to choose from, low to high risk

Charges/Fees/Costs

1.5% Annual Management Charge, £50 early exit fee if you withdraw within the first 5 years

Summary: Invest from £10 per month or with a lump sum from £100. Your money will be invested in a choice of funds including the stock market and bonds. Existing ISAs can be transferred into the My Choice (ISA)

Important: Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest.

My Select (Junior ISA Stocks and Shares)

Minimum Investment

From £10 per month

Choice of Funds?

Choose between 8 funds, decided by the parent/guardian. At 16 the child can manage the ISA.

Charges/Fees/Costs

1.5% Annual Management Charge, £50 early exit fee if you withdraw within the first 5 years

Summary: Parent/Guardian has full control of the Junior ISA. The child can manage the account from age 16 but cannot withdraw until 18. Anyone can pay into the account. The money in the ISA belongs to the child. Allowance of up to £4,080 per year.

Important: Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest.

Charles Stanley ISA

Minimum Investment

£50 per month or a lump sum of a minimum of £500

Choice of Funds?

Yes, choose from Charles Stanley’s Foundation Fundlist and Foundation Portfolio to get started.

Charges/Fees/Costs

Platform charge of 0.25% per annum or less.

Summary: Existing ISA transfer is available or begin investing from £50 per month.

Important: Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest.

What Is An ISA?

An ISA (Individual Savings Account) provides a way to save/invest without paying tax on the interest earned, up to a limit of £15,240 for ISAs and £4,080 for Junior ISAs.

When choosing an ISA you have the option to select from three types, all you can allocate your savings between the three as long as the total does not go over the maximum limit of £15,240.

Cash ISA: Similar to a standard savings account

Stocks and Shares ISA: Gives you the ability to invest your savings into shares, funds and corporate or government bonds

Innovative Finance ISA: With the growth of Peer to Peer (crowdlending) platforms, this new form of ISA has been launched allowing people to earn tax-free interest through Peer To Peer lending platforms. However this form of ISA is not currently protected by the Financial Services Compensation Scheme (FSCS).

Cash ISA Vs Stocks and Shares ISA

  • Risk: In a cash ISA your investments will not fall in value
  • Returns: A Cash ISA, depending on interest rates will earn between 0.25 and 1%
  • Monitoring: With a cash ISA you do not need to monitor your savings as you know what interest you will receive
  • Diversification: No flexibility with a cash ISA
  • Risk: Your investment in a Stocks and Shares ISA can go up or down so you may end up with less than you put in
  • Returns: Where there is risk, there can also be reward and theoretically a stock and shares ISA could earn you 20% in a year depending on where your money is invested
  • Monitoring: It is advisable to monitor your stocks and shares ISA and keep on top of your investments
  • Diversification: A Stocks an Shares ISA gives you the ability to invest in stocks, shares, bonds, unit trusts and more

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