Halifax Isa Investor 'has no upfront charges'

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Halifax Isa Investor 'has no upfront charges'

Thu 3rd Apr 2008

An individual savings account (Isa) offered by Halifax Financial Services could attract investors because it does not have any upfront charges, the bank has suggested.

Halifax cites figures from Defaqto that claim an investor could save £171.25 per year compared with four other banks that provide Isas, due to the lack of upfront charges.

However, the Halifax stocks and shares Isa does have an annual management charge, as do the other four banks' Isas, the figures reveal.

Karen Crowshaw, managing director of Halifax Financial Services, said that she has noted a rising popularity of the stocks and shares Isa over the past two months.

"We have seen investors wanting to capitalise on the current stock market position by making full use of their tax free Isa allowance," she added.

Barclays Wealth research recently found that 42 per cent of investors see the recent volatility in the credit markets as a buying opportunity.

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