Revolut has introduced Stocks and Shares ISAs, along with UK-listed Exchange-Traded Funds (ETFs), further broadening investment choices for its UK customers.
The new Stocks and Shares ISA will soon allow customers to transfer from existing providers, and interest on uninvested cash within these ISA accounts will be implemented shortly thereafter. In addition to the option of investing in established UK companies as well as popular European and US firms, Revolut now grants access to a wide array of ETFs, including those from industry leaders Vanguard and Blackrock, starting at just £1.
Yana Skrebenkova, CEO of Wealth and Trading UK, commented on this development: “We believe that wealth-building should not be an exclusive privilege. Our goal is to eliminate barriers and provide our UK customers with access to cost-effective investment options alongside their everyday spending, eliminating the need to navigate multiple platforms.
“Our customers can now grow their wealth in a tax-efficient Stocks and Shares ISA, reinvest in local businesses, and diversify their portfolios through ETFs and international stocks. This enhances their ability to manage market fluctuations and boosts their long-term savings potential.”