Savings accounts charge waived

Thu, 09 Feb 2006

Fidelity International has announced two new offers for individual savings account (ISA) investments on its investment trust range.

As part of the promotion, the initial charge of three per cent on ISA investments in the company's investment trust selection will be waived until April 6th 2006.

This applies to both the ISA and 5-in-1 ISA offerings, which comprise lump sum investments and monthly savings plans.

"Investment trusts offer investors value for money for this year's ISA," comments Stephen Westwood, the head of investment trusts at Fidelity International, the largest mutual fund manager in the country.

Mr Westwood says that it doesn't matter what people's objective for saving money is, investment trusts offer a "great way to tap into the growth potential of stock markets around the world".

People who are undecided about where to put their 2006 ISA allowance might want to consider the 5-in-1 ISA available from Fidelity International, Mr Westwood suggests.

The deal, which has equally weighted investments in Fidelity’s five investment trusts, allows investors to "access multiple investment trusts and diversify their portfolio", he says.

Earlier this month, Fidelity International predicted a "buoyant" ISA season.

The fund manager reported that last month saw double the number of savings accounts opened than in January 2005.

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