Trading 212 Cash ISA Is HERE! What's The Catch?

The Trading 212 Cash ISA is HERE! The Trading 212 Cash ISA is Trading 212’s latest offering paying 5.2% APY on all deposits. Today I’ll show you how to set up the Cash ISA, the features, benefits and how it links to your Trading 212 Stocks and Shares ISA and your Trading 212 Invest account too.

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*Disclaimer: Your capital is at risk. Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.*

*Disclaimer: All ideas presented within this video are that of my own based on my own opinions. Please do not consider any of these videos as financial advice as I am NOT a financial advisor. All financial decisions and choices made are solely your responsibility. The views shared in this video are just for entertainment purposes only. When investing, your capital is at risk and can go up in value as well as down in value. You should consult a suitably qualified professional when seeking out investment advice in order to fully understand the risks associated with investing.*

[Danxr-kj]

Unfortunately when you try to withdraw back to your bank account, it takes 3 business days, so unlike your savings account at your bank, you can’t withdraw in an emergency. Just be aware of this.

[jerrycampbell-utyf]

Honestly, I'm unsure if investing is a wise move right now. Take note of how frequently things fail. As I still have some time before I retire, I'm still looking for a better strategy to invest my money despite reading charts and predictions from well-known investors from the past and present. In order to generate passive income, I want to build a solid and reliable portfolio.

[_JCKL_]

Great video thanks, keep this up, clear

[Àdhamh_Fife]

Thanks Mitch. Great video as always mate 👍 T212 are really upping the game, love the new Cash ISA 😎

[billB]

Shifted my savings over from Chip yesterday, great option really. So easy to setup too.

[roselleramas]

Will the interest paid daily also earn 5.2% interest after.

[johndocherty]

Hi Mitch, great video.
Do you know if it’s possible to set up regular monthly payments to cash isa?
Can’t seem to find how to do it.
Many thanks

[UndisturbedMonk]

The only problem is that the withdrawals are not instant, so you'll be waiting a couple of working days to receive your money back.

[devmehta]

Great video as always mate. 😊

So before T212 announced their new Cash ISA and Flexible rules I've kept my emergency fund in my ISA S&S as uninvested cash. Do you think it now makes sense to just keep this emergency cash in the Cash ISA as opposed to keeping it uninvested in the S&S ISA.

I am aware I get the FCA protection in the Cash ISA too.

Interested to hear your thoughts? Cheers 😊

[obscvre]

I have a question, I'm currently already using a T212 stock ISA which I deposit quite a lot in it, and any uninvested cash also generates interest, so how is this uninvested cash any different from the cash in the cash ISA then? Can I keep it simple and just use the stock ISA as a cash ISA in this way?

[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

[DanRutledgeMusic]

Great video, thanks. As its not a fixed rate ISA, can the interest rate change (go down)?

[nathanm]

I transferred money from another Cash ISA and it’s being classed as my ISA limit, I have reached out to them to correct this. Hoping this can be resolved soon as I’m looking to put over the amount left in

[nickellis]

What's the difference between opening a cash isa, and the intetest on cash option in my stocks and shares isa?

[flightplanaviation.]

So would a good idea be deposit money into the T212 Cash ISA then if I wanted to buy stocks just transfer the money into my T212 Stocks and shares isa ? If it is risk free compared to the intrest on account money on the S&S one

[UnstoppableTrump]

Can anyone answer this or did i miss this in the video. Once you click earn interest dont you loose the protection?

[bladesxboxing]

Will interest be added automatically or do I need to enable it somehow in the settings ?

[stuat]

Can you transfer an ISA from another year and a different provider. thanks, Stu

[stefanbeattie]

Quick question for you (firstly watched you for about 6months now and used your link to get us both a free share, thanks ☺️)
Secondly, my question; The Cash ISA is Fscs protect like you mention upto 85k.
However is the Free fund money in my invest account Fscs protected?
Not sure as it’s in a mmf when we check the box to earn 5.2% on our Invest USA account.
Currently i have 15k invested, and 25k in free funds earning 5.2% daily. Is that Fscs protected there?
Thanks in advance

[ASHJBKH]

Hi
From what i understand transferring from another provider doesn't count towards your 20k limit
So could i theoretically transfer in my savings of more than 20k and start earning interest straight away on the full amount?
Currently getting 3.9% interest paid annualy with YBS, so this 5.2% paid daily is very appealing
Cheers