InvestEngine

InvestEngine separates the amount you contribute from how you allocate it. Choose ETFs and their weights in a DIY portfolio, then decide whether new cash should be invested automatically. The ETF focus suits fund portfolios but does not provide a catalogue of individual company shares.

Open the portfolio and select Savings Plan to enter an amount and frequency. The available payment routes include Direct Debit and recurring bank payments where supported. Direct Debit is monthly, and its first setup can take five to seven working days. DIY portfolios have AutoInvest enabled by default; it follows the selected weights once each ETF allocation reaches the £1 minimum. Turn it off if you want to place investments yourself.

There is one Savings Plan per portfolio. Changing its amount, frequency or date requires cancelling it and creating a replacement, so review the schedule carefully. Business accounts use standing orders instead of these personal-account payment routes.

DIY accounts have no platform or dealing fee. ETFs still carry their own expenses and bid-offer spreads, and InvestEngine retains interest on uninvested cash. The cost page also lists a 0.25% annual fee for managed portfolios, but the homepage says managed portfolios are unavailable to new clients.

Personal applicants must be at least 18, resident and tax resident in the UK, and have a UK current account in their own name. US nationals and US tax residents are excluded. Registration asks for identity, address and tax details; extra documents may be requested.