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IG Offers 7.5% Interest on Uninvested Cash and Continues Low-cost Drive by Scrapping Inactivity Fees
Investing and trading platform IG is announcing two changes aimed at improving value and accessibility for its customers – a boosted 7.5% interest rate on uninvested cash for new clients, and the removal of quarterly inactivity fees across its investment accounts.
From 1 January 2026, new UK customers who open an IG Stocks and Shares ISA, General Investment Account (GIA) or Self-Invested Personal Pension (SIPP) and place their first trade will be eligible to earn 7.5% variable AER interest on up to £10,000 of uninvested cash. The offer is available to customers who sign up by 16 January 2026 and runs until 31 March 2026.
To qualify for the boosted interest in each calendar month, customers must meet at least one of the following criteria: hold an active Smart Portfolio, have an open share position at any point during the month, or place at least one buy or sell trade on an eligible IG account. Any cash balance above £10,000 will earn interest in line with IG’s standard interest terms, currently set at the Bank of England’s base rate.
Separately, IG has confirmed that it will remove its £24 quarterly custody fee from 8 January 2026. The fee has previously been charged to investment account holders who make fewer than three trades per quarter. Its removal means customers will no longer face charges for holding investments or trading infrequently.
Under the updated fee structure, UK investors will benefit from:
- No quarterly custody or inactivity fees, regardless of trading activity
- Commission-free trading on all shares and ETFs
- No platform or account maintenance charges
- No deposit or withdrawal fees
Michael Healy, UK Managing Director at IG, said: “We want to give customers the most comprehensive low-cost investing and trading experience on the market and these changes will help us to do just this.
“By offering a more competitive return on uninvested cash for new customers, and removing inactivity fees, we can provide more value to investors who want to take their time over their next move and invest at their own pace. This is just one of many updates we’ll be making this year to make the IG platform more accessible and attractive to investors.”
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