My Investment

If you want the chance to grow your money by more than the interest on your savings account, My Investment could be right for you. We know that many people don’t see themselves as investors or they aren’t sure how to get started. Our online advice can help you take the next step.

The service won't be right for you if you have broader financial planning needs such as advice on retirement, estate planning or how to protect your loved ones.

You’ll need a current account to apply. You’ll also need to be registered for online banking.

As part of the advice process, we’ll ask you if you want to invest within a stocks and shares ISA.

The benefit of investing from within an ISA means any interest and dividends you receive from your investment will be free of income tax. It also means you won’t be liable for any capital gains tax when you sell your investments.

Bear in mind, tax rules for ISAs may change in the future. And the tax benefits you can receive will depend on your individual circumstances.

Most investments should be considered as a medium-to-long-term commitment, meaning you should be prepared to hold them for at least 5 years.

However, there is no fixed term with a fund investment. This means that if you need to access your money, you can sell your fund shares at any time.

After you sell an investment, you’ll receive the money within 5 working days.

A fund is a collective investment scheme which pools your money with that of other investors to give you a stake in a ready-made basket of investments.

With the money pooled together from many individuals, fund managers invest in a broad range of assets, such as bonds, shares and property. Their aim is to meet the objective of the fund while staying within its predetermined risk profile.

An investment fund allows you to invest in lots of different assets without the need to invest in individual stocks and shares.