Save an average of £171 with a £4000 Halifax ISA Investor

Halifax Financial Services stocks and shares ISA customers that invest £4000 will save on average £171.25 in upfront charges, compared to other banks.

Unlike most banks, Halifax Financial Services does not have any upfront charges; there is just a competitive yearly management charge.

A stocks and shares ISA can be a good option for those looking to invest for at least five years. Over the long-term equities continue to offer stronger potential for attractive returns than other assets, such as cash.

By investing now, people may capitalise on the current stock market prices, and will benefit from this year's ISA tax allowance, which means any growth on the income from a stocks and shares ISA is free from personal tax.

For those who are more cautious, investors can spread the risk of the stock market by drip-feeding their investment through monthly contributions, rather than buying at one price on one day.

A Halifax stocks and shares ISA can start from a minimum lump sum and/ or regular contribution from as little as £20.

Karen Crowshaw, managing director of Halifax Financial Services, said: "The popularity of our stocks and shares ISA has continued to increase during February and March. We have seen investors wanting to capitalise on the current stock market position by making full use of their tax free ISA allowance."

For more information, visit halifax.co.uk.