Updated October 13, 2026 · BrokerCue Editorial Team
Nutmeg vs Skipton Building Society
Facts checked September 26, 2026.
Where Nutmeg and Skipton Building Society differ
| Compare |  Nutmeg |  Skipton Building Society |
|---|---|---|
| Minimum deposit | £500 | £1Lower |
| Regulators | Financial Conduct Authority | Prudential Regulation Authority |
| Deposit and withdrawal fees | no set-up, trading or exit fees | 25% government charge on non-qualifying withdrawals |
| Platforms | Web, Mobile app | Skipton Online, Skipton App |
| Account types | ISA, SIPP | Lisa |
| Stock trade fee | £0 | Not confirmed |
| Markets | ETFs, Funds, Stocks, Bonds | Not confirmed |
| Interest on cash | Not confirmed | 2.05% |
Same on both: Investor protection (FSCS up to GBP 85,000).
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Key differences
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Regulators: only Skipton Building Society offers Prudential Regulation Authority.
- Minimum deposit is lower at Skipton Building Society: £1 vs £500.
- Platforms: only Nutmeg offers Web, Mobile app.
- Platforms: only Skipton Building Society offers Skipton Online, Skipton App.
- Account types: only Nutmeg offers ISA, SIPP.
- Account types: only Skipton Building Society offers Lisa.
- Support channels: only Nutmeg offers Email, Help centre.
Our verdict on each
Nutmeg
Nutmeg suits UK investors who want a managed portfolio held in an ISA or SIPP rather than a self-directed dealing account. The cost of that convenience is a single management fee of 0.25% to 0.75%, with a £0 stock trade fee and FSCS protection of FSCS up to GBP 85,000 in place.
Skipton Building Society
Skipton Building Society offers a Cash Lifetime ISA aimed at savers working toward a first home in the UK or later life savings. It suits people happy to leave savings untouched until later life or use them for a first home and to manage everything online.
Score breakdown
| Area | Nutmeg | Skipton Building Society |
|---|---|---|
| Cost | 9.0Management fees of 0.25% to 0.75% run above the robo-adviser median of 0.35%, and the entry floor is high. | 9.2Higher |
| Offer | 9.6Higher | 8.7 |
| Trust | 9.1Higher | 8.6 |
Pick Nutmeg if, pick Skipton Building Society if
Pick Nutmeg if offer and trust matter most.
Pick Skipton Building Society if minimum deposit matter most.
Where they rank in our lists
| Ranking | Nutmeg | Skipton Building Society |
|---|---|---|
| Investment platforms and apps | 21 of 86 | 80 of 86 |
| Lifetime ISA providers | 2 of 13 | 12 of 13 |
Every fact side by side
| Fact | Nutmeg | Skipton Building Society |
|---|---|---|
| Features | Mobile app | Mobile app |
| Pricing model | Commission free | Not confirmed |
| Legal entity | J.P. Morgan Personal Investing Limited | Skipton Building Society |
| Headquarters | United Kingdom | United Kingdom |
| Founded | 2012 | Not confirmed |
| Support channels | Email, Chat, Phone, Help centreCovers more | Chat, Phone |
Where each stands against the rest
| Fact | Nutmeg | Skipton Building Society | Median |
|---|---|---|---|
| Minimum deposit | £500highest quarter | £1below the median | £20 |
| Stock trade fee | £0at the median | Not confirmed | £0 |
| Interest on cash | Not confirmed | 2.05%lowest quarter | 3% |
Median across 43 listed brokers.
Pros and cons
Nutmeg
Pros
- One ongoing charge to read: management fees of 0.25% to 0.75%, with no set-up, trading or exit fees on top.
- Holdings span etfs, funds and stocks, so a managed basket can still cover a wide spread of asset types.
- Regulated by the Financial Conduct Authority, with FSCS protection of FSCS up to GBP 85,000 behind the account.
Cons
- Management fees of 0.25% to 0.75% sit above the robo-adviser median of 0.35%, and the cost rises as the balance grows.
- The opening deposit is £500 and later money goes in from £100 to £500, higher than the robo-adviser median of €60.06.
- The portfolio range is etf, esg and cash only, so there is no crypto or thematic option to tilt towards.
Skipton Building Society
Pros
- Provides a Cash Lifetime ISA aimed at first homes and later life
- Supports online opening and management through web and mobile app
- Accepts transfers from other Lifetime ISAs including for older savers
Cons
- Provides a single savings purpose tied to a first home or later life
- Account opening and management stays online with email and security steps
Who each suits
Nutmeg
Who it suits
- UK investors who want a managed portfolio inside an ISA or a SIPP and accept a single ongoing charge for the service.
- People who would rather not research individual funds, since the holdings run to etf, esg and cash approaches chosen and held for you.
- Investors who want a phone line as well as written support, since email, chat and phone includes phone, chat, email and a help centre.
Who should look elsewhere
- Anyone starting with a small first payment, since the £500 deposit is well above the robo-advisor lower quartile of €0, and Axos Invest begins at $100 in US dollars.
- Shoppers who want the lowest ongoing charge, since eToro runs a 0% management fee and Vivid Standard charges 0.5% to 1.5%, against Nutmeg's 0.25% to 0.75%.
- Investors who want accounts in US dollars, because Axos Invest takes $100 in dollars while Nutmeg's £100 to £500 sits in pounds.
Skipton Building Society
Who it suits
- UK residents aged 18 to 39 planning ahead
- Savers transferring an existing Lifetime ISA
Who should look elsewhere
- People needing flexible access to savings
Current offers
Nutmeg
Current offer
Bonus
Earn £100 when you invest £1,000: GBP 100 cash reward
Invest at least £1,000 in one payment into a General Investment Account, Stocks and Shares ISA, Lifetime ISA, Junior ISA or Personal Pension and keep it invested for at least 6 months; new contributions only, transfers excluded; reward paid as unallocated cash within 55 days; new clients only, cannot be combined with other new-client offers
Source, checked September 26, 2026
Skipton Building Society
Current offer
Bonus
GBP 250 Cashback offer: GBP 250 cashback
Skipton Lifetime ISA customers buying first home with a Skipton mortgage, completing 6 April 2018 to 30 June 2027, paid once
Source, checked September 26, 2026
Country by country
| Country | Nutmeg | Skipton Building Society |
|---|---|---|
| United Kingdom | Yes | Yes |
Questions about each
Nutmeg
What does Nutmeg charge to manage my money?+
The charge is a single management fee of 0.25% to 0.75%, which sits above the robo-adviser median of 0.35% in this group. There are no set-up, trading or exit fees to add on top. Money can go in from £100 to £500, so the cost is a percentage of what you hold rather than a price per deal.
How much do I need to open an account?+
The minimum deposit is £500, and once the account is open money can go in from £100 to £500. That first payment is the step most readers notice, and it sits above the lower quartile of €0 across robo-advisers here.
Skipton Building Society
What does Skipton Building Society offer for long term savers?+
Skipton Building Society provides a Cash Lifetime ISA that supports saving for a first home in the UK or for retirement. The account is aimed at UK residents aged 18 to 39. It sets clear expectations about keeping savings in place until a qualifying use.
Who can open the Cash Lifetime ISA?+
The Cash Lifetime ISA is available to UK residents aged 18 to 39 who meet government Lifetime ISA requirements. People aged 40 or over can use it when transferring from another Lifetime ISA. Applicants provide a valid email address and meet residency rules explained in the declaration.