Revolut has launched a new Stocks and Shares ISA for its UK
customers. This follows the company’s recent move to offer access to bond
markets for retail investors in the European Economic Area (EEA).
According to the firm, the new ISA product allows UK users
to invest in shares and ETFs within a tax-efficient wrapper. Customers can
start investing with as little as £1. Revolut offers access to UK-listed
companies, European and US stocks, and hundreds of ETFs from providers such as
Vanguard and BlackRock.
UK Investors Gain Tax-Efficient Options
Transfers from existing ISA providers will be available in
the coming weeks. Interest on uninvested cash within ISA pots will also be
introduced, but no exact date has been given.
The company’s EEA bond market rollout, announced earlier, gave
retail users the ability to invest in fractional bonds. Investors can
choose from government and corporate bonds in multiple currencies. The minimum
investment is €100, and trades are executed within the Revolut app.
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Yana Skrebenkova, CEO of Wealth and Trading UK at Revolut,
said the company is offering more low-cost investment options to its UK user
base.
“Our UK customers can grow their money in a tax-efficient
investment Stocks and Shares ISA, put their money back into homegrown
companies, and diversify their portfolios through ETFs, European and US stocks,
giving them far more choice to hedge against market volatility,” Skrebenkova
added.
This article was written by Tareq Sikder at www.financemagnates.com.
