Citibank investment ISA drops initial charges
Wednesday, 07 Feb 2007 17:16
The Citibank ISA has eliminated fund managers' initial charges, saving up to £367.50 in up front fees.
The offer applies to new and existing Citibank customers and is open until April 30th 2007.
Applications can be made online, by telephone or in any Citibank branch.
Typically, fund houses charge between three and 5.25 per cent fees on new investments.
"With no initial charges, investors can maximise their investment into their ISA," said Jonathan Gains, head of investments, Citibank.
"Citibank ISA customers will also benefit from the advantages of a multimanager structure, which actively manages funds as markets evolve to achieve the overall investment objectives.
"The launch of the Citibank ISA is further evidence of our commitment to provide new and innovative products and services for our investment customers and complements our existing range of savings and wealth management services."
The no initial charges offer applies to all Citibank ISAs opened without investment advice. If customers require personalised investment advice, an initial charge may apply.