Freetrade ISA definition
Examples of Freetrade ISA in a sentence
We will add any earned interest monthly to the Available Funds in your General Investment Account or Freetrade ISA.
If you are a Plus member, you will receive interest on a capped amount of the Available Funds which you hold in your General Investment Account or Freetrade ISA.
Where you hold both a Freetrade ISA and a General Investment Account, the Available Funds held in your ISA will take priority over the Available Funds held in your General Investment Account for eligibility for and receipt of interest.
An open Freetrade ISA includes where an ISA has outstanding funds or positions in Securities, or where you have previously opened an ISA and not communicated to Freetrade that you wish to close the ISA.
Any securities held in your Freetrade ISA will not be eligible for Securities Lending.
We will calculate how much interest you have earned daily, based on the combined Available Funds held in your General Investment Account and Freetrade ISA at the end of each working day.
Where you downgrade your status from a Plus member to a Standard member, you will be unaffected as Standard members remain eligible to hold a Freetrade ISA.
You are entitled to individual cancellation rights with respect to your Freetrade ISA and Freetrade SIPP at the time of opening.
The ISA Terms set out more details on the terms of your Freetrade ISA (including cancellation rights).
That means you will become liable for any fees that you would have had to pay us as a member during that period, as well as any benefits you would not have received as a non-Plus or non-Standard member (including any interest you may have received from us in respect of your Freetrade GIA or Freetrade ISA) ("Retrospective Fees"), and you hereby irrevocably authorise us to deduct all such Retrospective Fees from your Available Funds.