Best all-round alternative to Vanguard
Interactive investor is a good all-round alternative to Vanguard as it offers a range of investment products and can work out cheaper than Vanguard when investing larger sums (see below)
Check out our Interactive Investor review
Best alternative to Vanguard for regular investing
Bestinvest is a good alternative to Vanguard for those looking to regularly invest smaller amounts. Investors can start with as little as £50, compared to £500 with Vanguard.
Check out our full independent Bestinvest review
Best alternative to Vanguard if investing via an app
Vanguard does not yet offer a mobile app for UK investors, however, it is currently in the testing stage. Those looking for an app-based investment platform should take a look at AJ Bell Dodl. You can invest from as little as £25 per month and access a good range of investments, including the popular Vanguard LifeStrategy funds.
Check out our full independent AJ Bell Dodl review
Best alternative to Vanguard if investing in shares
Vanguard only allows you to invest in its own funds and so investors keen to invest in individual stocks need to look elsewhere. Freetrade is a good alternative to Vanguard and investors can access over 6,000 shares.
Check out our full independent Freetrade review
Best alternative to Vanguard for holding cash
Vanguard only pays 2.60% interest on uninvested cash which is relatively low when compared to many of the top UK investment platforms. Bestinvest currently pays 4.45% interest on uninvested cash, which is the highest of all the platforms mentioned in this article. In our article 'Investment platforms paying the highest interest rate on cash', we provide a handy table where you can easily compare the interest paid.
Check out our full independent Bestinvest review
If you want to secure the best savings rates on the market, then check out our article, 'Best savings accounts in the UK'.
Summary
If you are simply wanting to invest in Vanguard funds then Vanguard Investor provides the cheapest way to invest, as long as you have less than £96,000 in a Stocks and Shares ISA and £104,000 in a SIPP. Those wishing to invest more may want to look at Interactive Investor* as it can work out cheaper, you can read more in our independent Interactive Investor review.
One of the limitations of investing with Vanguard is that it doesn't currently have a mobile app for UK investors and so those who prefer to invest from their mobile may want to take a look at Aj Bell Dodl* or Freetrade*. Those wishing to regularly invest small amounts each month may want to take a look at Bestinvest*, a platform that pays 4.45% interest on uninvested cash. If you are still not sure which is the best platform for you, check out our article 'The best investment platform: Which is best for you?'.
If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. The following link can be used if you do not wish to help Money to the Masses or take advantage of any exclusive offers - Interactive Investor, AJ Bell Dodl, Fidelity, Bestinvest, Freetrade
£100 to £2,000 Pension Cashback Offer
Make a qualifying deposit or transfer a pension to our partner Interactive Investor.
- Deposit or transfer a pension of at least £10k and you could earn between £100 to £2,000 cashback
- Terms and Fees apply, Capital at risk
- New customers only
- Offer ends 30th September 2024
Before starting your transfer, check you won't lose any valuable benefits (such as guaranteed annuity rates or a lower protected pension age) and find out what exit fees you might have to pay.