What is an ISA?
An ISA, or Individual Savings Account, is a tax-efficient saving or investment account.Read more about ISAs
There are four main types of ISAs: Cash, Lifetime, Innovative Finance, and Stocks and Shares. You can open one of each type each year.
Why should I open an ISA with Freetrade?
Freetrade is an award-winning, commission-free investing app. We're a member of the London Stock Exchange and a FCA-regulated stockbroker. All Freetrade accounts are covered by the Financial Services Compensation Scheme (FSCS).
The Freetrade Stocks and Shares ISA lets you invest in hundreds of UK and US stocks, exchange-traded funds, all with no commissions.
The Telegraph featured Freetrade in their article "The best ISA to buy if you want to buy your own stocks" which you can read here.
I opened an ISA earlier this year — can I open a new one?
You can only open one of each type of ISA per year. The tax year runs from 6 April to 5 April.
So, if you opened a stocks and shares ISA in February, you can open another one in May, for example.
Can I convert my Basic Account into an ISA?
To do this, you would need to sell your positions in the Basic Account. Drop us an in-app message after that, and we'll transfer the cash straight into your ISA.