Price promise
We are confident you will like ii’s simple fair fees. In fact, if after 6 months you would have paid less online at The Share Centre, ii will refund the difference.
Summary
- Our price promise covers your Service Plan fees and your online dealing commission. It does not cover telephone dealing charges, foreign exchange charges, non-UK resident charges and non-personal account charges and other administrative charges.
- We will automatically pay any rebate that you qualify for under the promise into your ii account within 60 days of the price promise period ending.
FAQs
Price Promise Example Calculations
To help you understand how your rebate amount was calculated, we have detailed below two common scenarios
Price promise offer terms
We are confident you will like ii’s simple fair fees. In fact, if after 6 months you would have paid less at the Share Centre, ii will refund the difference.
1. Provided you meet the Qualifying Criteria (defined below) and subject to these offer terms, you will be entitled to receive a cash rebate equal to the amount (if any) by which:
i) What you pay with ii - the total Service Plan monthly fees and online dealing commission charges (excluding all other Interactive Investor Services Limited (“ii”, “us”, “we” or “our”) fees and charges including without limitation all telephone dealing commission charges, administrative charges, non-UK resident charges and non-personal account charges) paid by you to ii in accordance with our rate card during the first six calendar months (“Rebate Period”) following the date of your migration from The Share Centre Limited (“TSC”) to the ii platform (“Migration Date”);
Exceeds
ii) The amount you would have paid - the total fees that would have been notionally payable by you to TSC for your migrated account activity at ii during the Rebate Period based solely on TSC’s standard fees (as set out in the table in the Appendix to these terms) that were applicable to your migrated account type(s) immediately prior to the Migration Date at TSC (the “Price Promise”).
For the avoidance of doubt, the Price Promise only applies to your TSC accounts that are migrated to the ii platform on the Migration Date.
2. To qualify for the Price Promise, you must: (i) agree to our terms of service prior to the expiry of the Rebate Period; (ii) continue to have an open account on our platform as at the time we calculate the rebate amount; (iii) have accessed TSC’s services under the “Share Centre” brand immediately prior to the Migration Date; and (iv) not be an ii account holder immediately prior to the Migration Date (together the “Qualifying Criteria”).
3. If you agree to our terms of service after the Migration Date (but prior to the expiry of the Rebate Period), any rebate payable to you under these terms will be calculated on a pro-rata basis from the date on which you agree to our terms of service until the end of the Rebate Period.
4. We will only pay a rebate into an ii Trading Account, and, where required, we will open an ii Trading Account on your behalf in your name if you do not have one linked to your other account at the time of the rebate payment. Rebates will be credited to your ii Trading Account within 60 days following the end of the Price Promise period expiring. Rebate sums will not be paid by any other means. By agreeing to our terms of service under clause 2(i) above, you consent to the opening of a Trading Account pursuant to this clause 4 and you agree to be bound by the terms applicable to such Trading Account at ii.co.uk/legal-terms.
5. The Price Promise is not intended to be taken as advice or any personal recommendation to consent to your cash and investments moving from the TSC platform to ii. If you are unsure whether consenting to the move is right for you, you should take independent financial advice.
6. The ii rates used for the calculation of the rebate payment will be those published on our website at the time of the calculation. We reserve the right to determine in our absolute discretion the amount of rebate payable.
7. The Price Promise rebate is funded by ii. Any rebate you are eligible for will not be drawn from your investments.
8. Anyone who is seen to be abusing the Price Promise may be excluded at ii’s absolute discretion.
9. ii reserves the right to amend or withdraw these terms at any time without notice.
10. All participants in the Price Promise agree to be bound by these terms and conditions
11. These terms are governed by English law.
12. These terms must be read in conjunction with the relevant ii Terms of Service, ISA Terms and SIPP Terms. In the event of any conflict between these terms and the relevant ii Terms of Service, ISA Terms and/or SIPP Terms, these Price Promise terms shall prevail.
13. Interactive Investor Services Limited is the promoter of this Price Promise. Its registered office is at Exchange Court, Duncombe Street, Leeds, LS1 4AX.
Appendix
The Share Centre standard account charges
ISA Accounts £5 a month: Self-select Stocks & Shares ISA £1.50 a month: Junior ISA |
Share Accounts £2 a month: All Share Account types |
Self-Invested Personal Pension £15 a month |
The Share Centre standard account charges
Online trades: Standard: 1% with a minimum of £7.50 Frequent: £24 a quarter, then £7.50 a trade |
Regular monthly trades: 0.5% with a minimum of £1 |
Dividend reinvestment trades: 0.5% |