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Alliance Trust Savings vs Lloyds Bank 2020

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Is Alliance Trust Savings better than Lloyds Bank? After scoring UK share dealing accounts on over 40 different variables, Lloyds Bank is better than Alliance Trust Savings. Lloyds Bank offers trades between £8 - £11, with the opportunity to receive £1.50 trades with reoccurring investments. Overall, the average platform, tools, and research, as well as the lack of a mobile app, do not justify joining Lloyds unless you make reoccurring investments.

Overall Rating

Feature Alliance Trust Savings Lloyds Bank
Overall 3.5 3.5
Alliance Trust Savings Review Lloyds Bank Review

Trading Fees

Feature Alliance Trust Savings Lloyds Bank
Share Trading: 0-9 Deals/ Month
£9.99 £11.00
Share Trading: 10-19 Deals/ Month
£9.99 £8.00
Share Trading: 20+ Deals/ Month
£9.99 £8.00
Annual Custody Fee: £0 - £250,000*
£120.00 £40.00
Bonds - Government (Gilts) - Fee
£9.99 £11.00
ETFs - Fee
£9.99 £11.00
Investment Trusts - Fee
£9.99 £11.00
Telephone Dealing Fee*
£50.00 £35.00
Commissions & Fees 4 3.5
Winner check_circle

Platforms & Tools

Feature Alliance Trust Savings Lloyds Bank
Desktop Platform (Windows)
No No
Web Platform
Yes Yes
iPhone App
No No
Android App
No No
Stock Alerts
No Yes
Charting - Indicators / Studies
10 91
Charting - Drawing Tools
1 17
Charting - Notes
No No
Charting - Display Corporate Events
Yes Yes
Charting - Stock Overlays
Yes No
Platform & Tools 3.5 3.5
Winner check_circle

Research

Feature Alliance Trust Savings Lloyds Bank
Research - Shares
Yes Yes
Research - CFDs
No No
Research - Funds
Yes Yes
Fund Research - Research Reports
Yes No
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 3.5 4
Winner check_circle

Investments

Feature Alliance Trust Savings Lloyds Bank
Share Trading
Yes Yes
CFD Trading
No No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
No No
Advisor Services
No Yes
Offering of Investments 3.5 4
Winner check_circle

Education

Feature Alliance Trust Savings Lloyds Bank
Has Education - Share Trading
No Yes
Has Education - Funds
No Yes
Has Education - Retirement
No Yes
Client Webinars
No No
Client Webinars (Archived)
No No
Education 3.5 3.5

Overall

Feature Alliance Trust Savings Lloyds Bank
Alliance Trust Savings Review Lloyds Bank Review
Overall 3.5 3.5
Winner check_circle
Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare Alliance Trust Savings vs Lloyds Bank.

To start this comparison, first, we will take a look at the fees charged for dealing in the UK. It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. Alliance Trust Savings is a better option with a 4.00 star rating over Lloyds Bank's 3.50 star rating.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - 12 trades per year, or 1 trade per month. Lloyds Bank charges £172 and Alliance Trust Savings charges .

Scenario 2 - If you make 3 trades a month, or 36 per year, the fees with Lloyds Bank wold be £436 and the fees with Alliance Trust Savings would be .

Scenario 3 - If you make 10 trades a month, or 120 per year, the fees with Lloyds Bank wold be £1000 and the fees with Alliance Trust Savings would be .

Scenario 4 - 20 trades per month, for a total of 240 trades per year. Lloyds Bank would charge £1960 while Alliance Trust Savings would charge .

Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Lloyds Bank supports ISA and SIPP while Alliance Trust Savings supports ISA, ISA - Junior, SIPP and SIPP - Junior. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. Lloyds Bank boasts an offering of 17 charting tools compared to Alliance Trust Savings's 1 available charting tools. Lloyds Bank offers its clients access to 91 different indicators (for example, volume) while Alliance Trust Savings has 10 available indicators, a difference of 81. Lloyds Bank offers basic stock alerts while Alliance Trust Savings does not. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Alliance Trust Savings offers fund research reports while Lloyds Bank does not.

Overall, between Alliance Trust Savings and Lloyds Bank, Lloyds Bank is the winner.

Alliance Trust Savings Review
Lloyds Bank Review


All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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