Features of RBS share dealing accounts
You can choose from four share dealing accounts from RBS, each tailored to suit different requirements:
- Direct trader share dealing – easy to manage share dealing online or via the RBS Mobile Trading App
- Direct trader self-select ISA – invest up to your maximum annual ISA allowance
- Monthly portfolio builder – build up your portfolio gradually from just £1.50 per transaction
- Elite share dealing – the premium RBS share dealing service
Open an RBS share dealing account and you can:
- Access UK and international shares
- You can trade shares online for a fee of £13.95 per trade, or by phone for a fee of £55 per trade
- Access a wealth of online share trading information and use trading tools
- Fund your account with a debit card in an instant
- Start trading straight away
- Manage your investments online
- With the RBS Self Select ISA you can buy and sell shares while protecting any growth on your investments from capital gains tax.
Deciding which is best for you
When comparing different plans to find out what the best share-dealing account for you might be, consider some of the charges involved with each one.
The pros and cons of share dealing platforms can vary greatly; therefore it’s important to consider which would be best and most cost effective for how you want to invest. You need to take into account things such as; are you just going invest in UK dealing or international as well? And how often are you going to buy and sell?
Charges to consider when comparing platforms:
- Account fee: Platforms may charge a monthly, quarterly or annual account fee, but some accounts might waive this if you make meet a certain minimum of trades each month, or you deposit above a certain sum.
- Inactivity fee: This is a charge you may be required to pay unless you make a certain number of transactions within a set time period. Many platforms no longer use this as an incentive for you to sign up with them.
- Buying/selling shares: think about how much it will cost you each time you buy or self. Many plans offer reduced fees for people who make frequent trades
- Stamp duty: When purchasing UK shares you will pay 0.5% in stamp duty and an extra £1 on transactions above £10,000.