The Dodl account charge
Calculate your Dodl charge
See what your Dodl account would cost you each month.
How it works: It's a projection of the full year charge based on the investment value you enter, then divided up into the monthly charge. Don't worry, you won't be charged until you've invested.
Enter the value of investments in your Dodl account:
Your full year charge would be (0.15% of what you entered):
£0.00
So your monthly charge would be (it's that charge above divided by 12, min. £1)
£0.00
The calculator is a tool to help you understand the Dodl account charge and compare it with other providers. It doesn’t project your actual charges, which’ll likely differ and be based on the real value of the investments in your account each month. It also doesn’t include any investment charges, like foreign exchange charges or stamp duty for shares, or ongoing charges for funds.
How does Dodl compare?
Well, here's a little comparison table we made earlier.
Investment ISA with... |
Monthly |
Annual % charge? |
How it works out for a |
---|---|---|---|
Dodl | Nope | 0.15% (min £1 per month) |
£1.25 / £15 |
Freetrade | £5.99 | Nope | £5.99 / £71.88 |
Moneybox | £1 | 0.45% | £4.75 / £57 |
Nutmeg | Nope | 0.45% - 0.75% | £5 / £60 |
Vanguard | Nope | 0.15% | £1.25 / £15 |
Wombat | £1 | 0.10% | £1.83 / £22 |
1. Charges and subscriptions based on those published on all providers' websites on 5 June 2023. Charges can and do change so it's best to check websites for the latest figures. 2. Example of annual and monthly charges based on an investment ISA portfolio value of £10,000. 3. Investment charges, e.g. FX charges for shares and ongoing charges for funds aren't included in this table. 4. Freetrade's charge is based on their standard plan, paid monthly. 5. Vanguard's charge is per person rather than per account. And for the purposes of this comparison table, an average of Nutmeg's annual charge has been used (0.60%). 6. Because charges (with the exception of Freetrade) are based on the value of your investments, monthly charges will change as investment values change.
Interest rates on cash
Currently you earn 0% interest on any cash held in your Dodl account(s). If this ever changes the rate will be shown here so you can compare it with other providers' interest rates.
That's why it's important to invest your cash as soon as possible with Dodl. Just remember to leave some cash uninvested to cover your account charge.
A little more info about interest: Banks do pay AJ Bell for the total money held with them for all AJ Bell customers, including Dodl customers. The amount a bank pays varies, depending on the total cash held with them and the market interest rates. For now, AJ Bell expects these payments to be between 1.15% below and 0.15% above the current Bank of England base rate – but it could be higher or lower if interest rates are changeable. These payments are kept by AJ Bell to help keep your Dodl charges low.
Though they're important to consider, charges aren't everything - make sure the provider you go with offers exactly the products and services you need. And remember, Dodl doesn't do advice, just clear info!