Faith A.'s community profile page

Write a review

Viewing profile for,

Faith A.

Total reviews written

Helpful marks given to their reviews

Times reviews seen

All reviews (2)

Review of the Alliance Trust, Stocks and Shares ISA:

View on product page

Good for large balances but watch out for dividend reinvestment charges

Originally, I was attracted to the Alliance Trust Savings platform for its stocks & shares Isa because it charges a flat fee rather than siphoning off a percentage of the balance. The fees have been ratched up to £7.50 a month, but this can still work out well for larger balances. The platform works fine, it's easy to trade and check valuations, but it doesn't have as many bells and whistles as competitors like Hargreaves Lansdown. What took my by surprise is that ATS charges £5 every time it reinvests dividends, and it sets the threshold at £100 before any automatic reinvestment takes place. This means you face a choice between frequent chunky charges, or letting your dividends sit around in cash for ages. Reviewed on: 12th April 2017

Review of the Chip, Savings App:

View on product page

Makes saving easy

Chip is an app that makes saving so much easier because it looks at your current account, and uses whizzy algorithms to work out how much you can afford, then transfers small sums here and there into a savings account. Plus, you can earn up to 5% interest, which is an amazing rate right now. #MaxYourMoney Reviewed on: 24th March 2017

We are helping 1000s to make smarter financial decisions

We use the power of consumer reviews to help increase trust and transparency in financial services and to deliver industry leading insight and events.