Let's Talk About The New Trading212 Cash ISA...

Is the new 5.2% Trading212 ISA any good? Is it worth using? 🤔
That is exactly what we go through in this video. Feel free to use the timestamps listed below to jump to specific points in the video.

In this video, we cover:
1) What is a Cash ISA - the best way to save tax-free, particularly useful if you have some ISA allowance left and will breach your 'personal savings allowance'.

2) Who are Trading212 - a large investing platform, who have recently branched out to offer a Trading212 card and now a Trading212 Cash ISA.

3) Features of the Trading212 Cash ISA - including a bumper 5.2% compounded rate, a flexible ISA and no account fees.

4) Is the Trading212 Cash ISA worth it - the final and most important question. Like anything with personal finance, the answer is 'it depends'. In the video I run through who in particular it may be useful for.

Watch the video for the full details!

0:00 - Intro
0:28 - What Is A Cash ISA
2:01 - Who Are Trading212?
3:19 - Features of Trading212 Cash ISA
7:01 - Is The Trading212 Cash ISA Worth It?

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🙋‍♂️ Who Am I?
I'm Ryan, a 26 year old who was previously living and working in London before moving to Melbourne.📍

Making Money Simple was established in 2019 and is a Financial Education platform. The main aim is to spread Financial Education in an easy to understand and jargon-free way. The main purpose is to get people investing to help them achieve financial freedom. 💷

📱 Contact me: Feel free to leave a comment on this video or DM me on Instagram.

⚠️ Disclaimers:
I am not a financial advisor. This video is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. You are responsible for the financial decisions that you choose to make.
Some of the links in this description are affiliate links. If you buy through my link I will receive a free share/small commission. I really appreciate if you do use my links!

⚡Subscriber Count: 4,760

[Lozza]

The variable interest rate worries me? feels like the 5.2 is a hook and it will drop down quickly

[mariadeliachirita]

I wanted to withdraw the money from my cash isa i have £1900 and it says my bank limit is only £1000 to withdraw, why is that why can’t I take out all of it ?please if you could answer

[IfI-og]

Was wondering how can I move money from cash isa to stock and share isa?

[JacobWratten]

As a student who also works a part time job and is looking to save some money alongside uni expenditure, is this a suitable route?

[IfI-og]

Would you recommend me put some money in a cash isa if I believe I won’t hit my 20k limit anyway?

[ASHJBKH]

Say I transfer all my savings from 1 ISA to trading 212, and I have more than 20k being transferred, would I still earn the 5.2% interest on the full amount?
Cos as I understand it an iss transfer doesn't count towards your yearly ISA allowance.
Or would I only earn interest on funds paid in after the transfer?
Cheers

[fzixkid-ghrv]

I don't quite get where the t212 cash ISA beats the t212 stocks & shares ISA - as I believe that they also pay 5.2% interest on uninvested cash in the latter (both benchmarked to SONIA?). For example, could it be that only their cash ISA is 'flexible' or could there be other details in the terms and conditions? Thanks for any reply!

[lawrencer]

😂😂 Dont you ever go out in the sun ?
I thought Australia was hot 😎😎😎😎🤦🏽‍♂️

[lawrencer]

Glad to see that your still alive 😂😂😂😂😂