Alliance Trust Savings reduces online trading fees to £1.50
Alliance Trust Savings has enhanced its offering to customers using the Alliance Trust Savings i.nvest platform by announcing the launch of a new ‘Monthly Dealing Account’ that includes a 70% reduction in transaction fees from £5 to £1.50 for each security traded.
This market-leading new offer means that customers using the Monthly Dealing Account can now purchase three securities for less than the previous price of one.
Existing Alliance Trust Savings customers do not need to wait to begin trading online either, as they can start trading within minutes of deciding to invest. Alliance Trust Savings offers same-day trading which means that customers can apply for a new individual dealing account, ISA or SIPP and fund their accounts at the same time in order to start trading straight away once the application process is complete.
i.nvest, Alliance Trust Savings trading platform, allows customers access to a wide range of investment opportunities and accounts through one, easy to use, secure location. Because it’s a self-select platform, i.nvest lets customers choose the right investments for their needs, from the entire i.nvest range which includes over 1,400 funds from over 40 fund managers, all UK listed equities, investment trusts and a wide selection of ETFs, ETCs and fixed interest securities.
Alliance Trust Savings also offers a market leading commission rebate structure which returns 100% of commission received from fund management groups directly back to Alliance Trust Savings customers; in many instances rebating 50% of the funds AMC. No other fund supermarket in the UK currently offers this facility to customers.
Garry Mcluckie, head of share dealing at Alliance Trust Savings commented: “Following the successful launch of i.nvest, our online trading platform, we have introduced a new online monthly dealing account which further enhances our offering to customers and maintains our commitment to providing a low-cost and comprehensive online trading experience.
“I believe the new service will appeal to customers who are seeking an online platform that offers a value for money solution to all their trading needs, under one roof. This is a substantial reduction in dealing charges for those who want to invest on a monthly basis and means customers can now place 3 deals for the previous price of one – that’s value in anyone’s book.
“With the launch of our new online monthly dealing account, same-day trading facility and unique rebate structure, I strongly believe that Alliance Trust Savings offers unparalleled value and access for customers.”