Alliance Trust Savings

Alliance Trust Savings

Alliance Trust Savings is a British investment trust founded in 1986. It has more than 110,000 customers who can choose from more than 4,000 investment options. However, Alliance Trust Savings does not give advice.

Reviews Rating
50%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
50%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
Disclaimer
While we are independent, we might receive commission if you choose to click on certain links on our website.
CompareBanks
CompareBanks Expert
CompareBanks
Hello! We're CompareBanks and helping the UK to compare banks is our main mission. We're here to help whenever you're on the search for a new bank. Compare the market with in-depth and impartial reviews. Read opinions on bank accounts from people just like you. Not only do we compare banks, we also let you review and rate them to help others with your bank experiences. You can trust us to get you on the right track with the best bank for you.
Read More

Overview

First Glance

Alliance Trust Savings is a British investment trust founded in 1986. It has more than 110,000 customers who can choose from more than 4,000 investment options. However, Alliance Trust Savings does not give advice.

Features

Contact Info

Address
164, 8 W Marketgait, Dundee DD1 4BN, UK
Phone
01382 573737

About Alliance Trust Savings

Alliance Trust Savings is a British investment trust founded in 1986. It has more than 110,000 customers who can choose from more than 4,000 investment options. However, Alliance Trust Savings does not give advice.

Alliance Trust Savings sold its savings arm to Interactive for £40m in October 2018.

Alliance Trust Savings Products and Services

Alliance Trust Savings has a range of investment account options available.

The investment dealing account, or IDA, allows customers to invest as much as they like into as many IDAs as they want to open. Money is accessible at any time and if preferred, customers can have another named account holder or open an IDA as a company.

Alliance Trust also offers a Stocks and Shares ISA, where customers can invest up to £20,000 that could grow over time – with the money sheltered from taxation. Money held in an ISA can be accessed at any time.

Alliance Trust charges flat account fees, so even if your investment grows, you’ll still pay the same rate.

A Self Invested Personal Pension can help people think ahead to retirement, topping up their state pension with money they invest themselves. This money can then be accessed after a customer turns 55. If the customer passes away before that age, family members can inherit the money.

For an account that helps save for a child, Alliance Savings Trust offers a trio of options: a junior ISA, a child SIPP and a First Steps IDA. Of these, the ISA and SIPP are tax efficient but have limits on what can be paid in; the IDA is limitless but not as efficient when it comes to taxation. The SIPP also requires a level of knowledge and expertise, and the account holder (or the child, if they are over 18) should keep an eye on it. Money cannot be taken out of the SIPP until the child reaches 55.

Alliance Trust Savings Security

Alliance Trust Savings is authorised by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority (FCA). Deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).

Alliance Trust Savings Bank Contact Details

PO Box 164
8 West Marketgait
Dundee
DD1 9YP

Telephone: 01382 573737

Email: [email protected]

Have a question about Alliance Trust Savings?

Find answers in Q&As and ask your question

No questions yet. Be the first to ask one!

Alliance Trust Savings Reviews

No reviews yet. Be the first to write one