Trading 212 Cash ISA is here - earn 5.2%

Trading 212 has released it's Cash ISA, paying a very decent 5.2%. Here's what you need to know, and how it compares to its closest competitors

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Updates on the best savings, current accounts and credit cards

New ISA rules

Trading 212 pays 5.2% interest - what's the catch?

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TIMESTAMPS

00:00 Trading 212's Cash ISA - how it works
05:10 How it compares to Chip, Plum and others

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A B O U T A N D Y

DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[Zero-Investing]

5.2% interest and it's felxible, it's the best in the UK 💯 No competition.

[billB]

212 runs on a browser too, it's not just mobile only.

[Raven-Falco]

This isa is a no brainer right now. The interest is paid daily so every day with a 15k emergency fund in cash i am getting £2 paid daily to it. I have just reached 15k so i will start a stocks and shares isa now and use the £60 a month interest from my cash isa to drip feed into it as well as regular monthly payments

[belindalarmour]

If you update your Trading 212 app the cash ISA appears

[popinjay]

for cash isa purposes please note trading 212 does not allow transfer ins any more even though the option is there and it still advertises as such, presumable until they lower the interest paid out and a false means of drawing people in

[grumblewoof]

5.2% is not bad but consider this first. I have a Vanguard Stocks and shares ISA that seems to have returned 15% this year (to date). Over several years this could be a lot less of course. It's all about risk. The normal 5.2% for cash that Trading 212 have would give you about £1000 per year interest for £20, 000 but over that you will have to declare it and pay tax. The Trading 212 cash ISA looks much better for all reasons.

[nburaq]

Go buy gold.Keep in safe.A year later it will be much more what they offer as interest.

[esmeecampbell]

Slight misinformation there regarding FSCS. You ARE still covered if Trading 212 goes bust and you have money in as a QMMF as cash in the S&S ISA or if you hold shares because you aren't keeping that money in their bank account.

FSCS doesn't cover you if the value of investments goes down but if you hold cash as QMMF in there, or shares, you'll still be entitled to ownership of the underlying asset, which would be either the shares or your cash returned from the QMMF at the value it was when T212 theoretically goes bust.

Currently mine is allowing me access to the Cash ISA however I'm not using it because I use the S&S ISA.

[sweethome]

All your videos are well made and helpful. It will be even more helpful if you can make a video of the best cash ISA rate for transferring. I cannot find this information on the web. Thank you.

[sarankumar]

Thank you bro, please talk about Scottish friendly Cash ISA & Shepherds friendly ISA

[katieklein-ih]

Thank you for this video, could you compare trading 212 to Chip ?

[astorchanciavarella]

How can I move uninvested cash to cash isa in Trading 212 apps?

[lrac]

Money market funds are covered by the fscs, i asked vanguard via secure message which they confirmed its covered if the mmf goes bust . Why have you given doubt on this? You got any information from fscs stating different?

[seantuaima]

What about the Investec 90 Day notice account paying 5.13% interest monthly and is paying 5.25% Annually.

[TheKaran]

Earning 5.2% Interest on Trading212 S&S ISA uninvested cash is taxable whereas Cash ISA is not taxable or both are tax free interest income? (given invested within yearly ISA limits)

[grzegorzdabkiewicz]

here is what i dont get... if you put 20.000 into the isa, do you have to withdraw everything before the end of the tax year? or do you keep it there and when the tax year ends they raise your limit by another 20.000 theoretically in the new tax year ? what is the best strategy? does this make sense? And why do the big banks offer such crappy interest? is it because they are so big make such a massive profit they dont care about their customers?

[TheGrimDark]

Update the app and it will now show, just signed up 👌

[vineethkumar]

Im very new to uk investments...lets say i investerd 1000£ in a year, can i withdraw 1052£ from cash isa including the interest earned after 1 year or just the 1000£ that i invested ?

[MARTINA-gctq]

I have a fixed rate 5.6% Cash ISA with Virgin Money which ends near the end of September. Can I transfer this to all to a 212 Cash ISA in September without it moving into my Barclays current account?

[TheRealBards]

Does moving funds between the T212 cash ISA to the T212 stocks ISA affect the annual ISA limit?