Police Friendly review

The minimum deposit is £50, which is more than some rivals ask at the start. CFI opens at $0 and Vantage at $5, so Police Friendly suits savers who can commit a modest sum each month rather than the smallest possible stake.

Investors are covered by FSCS up to GBP 85,000 under the UK compensation scheme, and the firm is authorised under the reference 110026. The regulator named is Financial Conduct Authority / Prudential Regulation Authority, which supervises both conduct and prudential standards.

Money that leaves the account before it qualifies is reduced by a government charge, and that is the main cost to plan for. The provider is Metropolitan Police Friendly Society Limited, trading since 1893, with member support on email and phone.

The investment range is stocks and funds, a focused list rather than a global marketplace. Anything outside that list sits with another provider, so readers wanting breadth in currencies, contracts or digital assets may prefer eToro, which covers stocks, etfs and forex.

It fits UK savers planning a home purchase or a child's education, and members of the police service, with Metropolitan Police Friendly Society Limited behind the accounts. It suits people who want isa, lisa and jisa wrappers from one society rather than a trading app.

Support runs on email and phone, which covers email and phone. That suits members who prefer a named contact to live chat, and the provider has been running since 1893 as Metropolitan Police Friendly Society Limited, regulated by Financial Conduct Authority / Prudential Regulation Authority.

The £50 minimum deposit is the clearest gap, ahead of CFI at $0 and Vantage at $5. In return, isa, lisa and jisa accounts sit with a provider carrying FSCS up to GBP 85,000 of cover.