Is it possible to open a Dealing account for a designated purpose?
Yes. You can open a Dealing account for a designated purpose, by completing the application form for designated dealing accounts. A designated purpose can be applied to anything that you choose. It just allows a specific ‘named’ purpose to be added to the dealing account.
Examples of designated purposes could include school fees, holiday fund, dream car or anything else that you have chosen to invest for.
Section C of the application form is where you need to detail what the designated purpose is.