Digital-first FinecoBank rolls out new ISA product for savers

By Megha Bhattacharya

FinecoBank has announced that its new ISA will be available to savers, enabling them to benefit from the company’s new stocks and shares ISA with competitive fees, based on the exact value saved, up to a maximum of 0.25%.

Fineco has recently launched a new offer – when opening a Fineco Stocks and Shares ISA or transferring an ISA between 3 March and 30 June, access Fineco’s ISA investment platform with zero fees until the end of the 2021/2022 tax year (5 April 2022).

Paolo Di Grazia, deputy general manager and head of global business of Fineco said, “In the last 12 months many savers have changed their approach to savings. Among our customers, we have seen a clear trend to save more and more and to look for the best investing options. We want to support customers to achieve their savings goals and we believe that regular monthly savings are a great way to begin investing. We are proud to offer our UK customers efficient and flexible ISA options at competitive rates.”

The launch of Fineco’s new ISA follows research that found that 60% of respondents have modified how they save in the last 12 months, with 53% planning to save more compared to last year. The same number of those surveyed – 53% – said they were planning to maximize their ISA contribution.

Recently, FinecoBank announced that it has made funds from CANDRIAM available to its customers via the investing platform. CANDRIAM will join a range of other leading platform providers on Fineco’s investing platform including Carmignac, Robeco, JP Morgan Asset Management, Fidelity Investments, Aberdeen Investments, M&G Investments, and Columbia Threadneedle Investments. FinecoBank announced that funds from Ninety One, a global investment manager, are now available on its investing platform. Fineco’s UK customer base will now be able to access a selection of Ninety One’s distinctive active investment strategies including the sustainability-focused Global Environment Fund which invests in companies that are driving decarbonisation.