Trading 212 (T212)

It has been pretty much instant for me. Make sure you use the sort code and account number though as if you use the IBAN it takes three days.

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I use two ISA’s with T212 and one I use to withdraw regularly on (just treat it like a savings account). 99% of the time my withdrawal lands in my current account in seconds. Worst case it’s 48 hours. So it’s quick all considered for the bump in interest rate.

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Great to know, thank you!

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Regarding the Cash ISA. As flagged previously by T212, interest earned is still SHOWN daily, but is now PAID monthly.

I’ve also seen something about an offer of a bonus rate of 0.15% in addition to the headline 4.90%, effectively 5.05%. I’m not sure whether this is just for This Is Money readers or just new customers. It is not currently included in my rate, as an existing customer.

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I see that the rate is 5.1% now, but for new clients only.
Mine is 4.9%.

How is the app? Notifications work well? Merchant data?

The money is held in money market funds.

Its not risk free, its not like a savings account.

What sort of notifications do you get?

I’m very much a set and forget investor so would never want any notifications.

The only platform notifications I get are dividends, monthly cash top-ups received from card (automated direct debit funding currently not yet available) / completed pie purchase

Edit: settings menu is fully customisable, looks like you can turn almost everything on/off individually

It is exclusive to This is Money’s readers. I signed up directly recently and only got 4.9%.

Update: I’ve just put the promo code TIM in and it bumped to 5.16%. Looks like it’s this month’s promo rate for newbies.

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If you have a Stock ISA, applying the same code would get you a free Nvidia share, too.

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Anyone heard anything about their cash ISA? Staying at 4.9% or are they reducing it like others?

Not yet.

No notification but shows this on the interest screen of my cash ISA.

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Ooof, 0.4%… still competitive though

Interestingly mine is changing to 4.60%.

I’m currently on 4.90%.

My summary is also showing 4.50%. A 0.40% reduction is a bit harsh. :disappointed_relieved:

First day I’m too busy to check, a change is announced…

The new interest rates are:

Cash ISA: 4.50%
Invest Account: 4.60%
S&S ISA: 4.60%

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S&S ISA is 4.6% ie the uninvested money in your account.

The cash ISA is 4.5%.

Four weeks into a S&S ISA transfer from Hargreaves Lansdown to T212 and both keep saying that they are waiting to hear from the other.

Rather disappointing after a cash ISA only took 2 days.