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Accounts at a glance...

Types of Account Overview

TD Waterhouse provide a range of accounts to suit every investing need.

Type of Account Investment Choices Who is it for? Key Benefits Costs
Trading Account UK equities, gilts, bonds, investment trusts, unit trusts, OEICs & Exchange Traded Funds (ETFs). Investors looking for simple, fast and easy online trading with the option to reduce paper received.
  • Limit Orders.
  • Company and share price research.
  • Extended settlement.
  • Personal Trading Level (subject to status).
  • Real Time Prices.
 Commissions start from just £9.95 online. See full rates and charges.
Trading Plus Account All of the above plus: International Equities, Warrants and Securitised Derivatives including covered warrants. Investors and Traders who not only wish to trade UK shares but also International Equities, Warrants and Securitised Derivatives including covered warrants.
  • Direct trading on 16 international markets.
  • Trade covered warrants long & short. Potential profits from price rises and falls.
 Commissions for International trading are the same as for UK Trading starting at just £9.95. See full rates and charges.
Regular Investment Account UK-listed sterling quoted equities, including FTSE 350 company shares, Funds and Exchange Traded Funds (ETFs). Investors wishing to build up share and fund holdings on a monthly basis at low cost.
  • Normal Trading and Trading ISA available.
  • Min investment equities £25, funds £50 per month.
  • No tie ins.
  • Pound Cost Averaging.
  • Commission is just £1.50 per trade for stocks.
  • No fund commission but possible fund manager charge.
  • Many funds discounted to 0%.
Trading ISA ISA eligible UK and International Equities, Gilts, Bonds, Investment Trusts, Unit Trusts, OEICs and Exchange Traded Funds (ETFs). Investors wishing to take advantage of tax free returns on investments and no administration fees*.
  • Invest up to £7,200 a year.
  • No Income or Capital Gains Tax on investments*.
  • Multiple fund types allowed within one ISA.
  • Commission from £9.95.
  • No initial set-up fee.
  • £0 annual fee on account valuations £3,600+.
  • £30 annual fee for account valuations up to £3,599.99.
SIPP (Self Invested Personal Pension) Cash deposits ,UK Equities (including AIM), International Equities, Gilts and Bonds, Investment Trusts, Unit Trusts, OEICs & Exchange Traded Funds, REITs ,Warrants and Securitised Derivatives including covered warrants. People saving for their retirement who want to control their own pension investments.
  • Flexibility to switch investments within your SIPP.
  • Investments grown free from UK Income and Capital Gains Tax*.
  • Investments grow free from UK Capital Gains Tax*.
  • Trading commissions start from just £9.95.
  • No initial set up fee - you save £80.
  • See full rates and charges for our SIPP.
CFD (Contracts For Difference) CFDs with exposure to UK, US, European and other international equities, indices, sectors, commodities and FX. Active traders who wish to place a portion of their assets into high risk investments in exchange for potentially high returns. Please note that losses can be large as well.
  • Low margin requirements.
  • Profit from falling or rising markets by trading long or short.
  • Stop losses to limit and manage risk.
  • No UK stamp Duty.*
 Commissions are charged for CFD trades depending on the instrument purchased. Read full details of our charging structures.
Financial Spread Betting Financial Spread Bets on UK, US, European and other international equities, indices, sectors, commodities and FX. Active traders who wish to place a portion of their assets into high risk investments in exchange for potentially high returns. Please note that losses can be large as well.
  • Low margin requirements.
  • Profit from falling or rising markets by trading long or short.
  • No UK stamp Duty*.
  • Free from UK capital gains tax*.
 We do not charge comission, the cost of the service is built into the spread that we offer depending on the product purchased. Read full details of our charging structures.
Certificated Account UK Equities(including AIM and the PLUS Market). Occasional traders wishing to hold your own paper share certificates and send payment as and when you trade.
  • Trade by telephone.
  • Real time prices through automatic quote line.
  • Postal or email contract notes.
 Trading in paper certificates is charged at our standard commission rates plus £25.
Savings Account Cash Investors wishing to earn competitive interest rates on uninvested cash.
  • Competitive interest rate of 0.50% AER** (0.40% net***, 0.50% gross****).
  • No restrictions on withdrawals.
  • Interest accrued daily and paid quarterly.
  • No minimum balance required.
  • Easy transfers and access to your cash.
 You can apply for a TD Waterhouse Savings Account free of charge with our Trading Account, Trading Plus Account and Trading ISA Account.

Other Accounts

Live Streaming prices are available through TD Waterhouse ProTrader®, our subscription service.

TD Waterhouse also offer a range of specialist services such as accounts for overseas residents, Companies and Investment Clubs. » Find out more about our other accounts.

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*Tax laws may change.
**AER stands for Annual Equivalent Rate (contractual rate when paid and compounded each year). The AER as stated is calculated at 05.03.09.
*** Net rate is the amount of interest which would be payable after the deduction of income tax specified by law.
**** Gross rate is the contractual rate before the deduction of income tax at the rate specified by law.