FinecoBank launches new ISA

A week into the new tax year, Fineco research shows a dynamic market with two in three people planning to switch ISA provider this year. 

From today, Fineco’s new ISA will be available to savers who are looking to 'make the most of their money and tax free savings'.

Both new and existing UK customers will be able to benefit from Fineco’s new stocks and shares ISA with competitive fees, based on the exact value saved, up to a maximum of 0.25 per cent.

There is no cost to set up the ISA and no minimum starting amount. Customers can also access savings from your ISA at anytime, with no penalties for withdrawing.

The launch of Fineco’s new ISA follows research which found that 60 per cent of respondents have modified how they save in the last 12 months, with 53 per cent planning to save more compared to last year. The same number of those surveyed – 53 per cent – said they were planning to maximise their ISA contribution.

Paolo Di Grazia, deputy general manager and head of global business of Fineco, says: “In the last 12 months many savers have changed their approach to savings. Among our customers, we have seen a clear trend to save more and more and to look for the best investing options. We want to support customers to achieve their savings goals and we believe that regular monthly savings are a great way to begin investing. We are proud to offer our UK customers efficient and flexible ISA options at competitive rates.”

Fineco has recently launched a new offer – when opening a Fineco Stocks and Shares ISA or transferring an ISA between 3 March and 30 June, access Fineco’s ISA investment platform with zero fees until the end of the 2021/2022 tax year (5 April 2022).