Pull up a chair and settle down. HL took six months for my transfer a few years back 
Vangard to 212 took a good 4-6 weeks.
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Just got an interest drop email yesterday.
First email didn’t include the reassurance about promo rate remains.
While I don’t welcome a cut in rates, it’s still better than most.
I still can’t understand how some banks think that 1.10% is acceptable .
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So I have been using Trading 212 for about 2 weeks now and I have to say I think I now understand why Freetrade sold at such a low level - because in comparison the Freetrade app is utter crap (sorry Freetrade, but it’s true).
The functionality provided by Trading 212 is beyond anything I have experienced with Freetrade or most other apps for that matter.
Now if I can just figure out where the setting is to change the theme because I’m not a fan of all the red, where is the green option?
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Is that still correct? I thought all UK bank transfers these days had to be completed within 2 hours?
Only for banks and services part of the faster payments initiative.
It’s normally very quick but it does warn you that it could take multiple days. I guess it’s to cover any checks they want to perform. If you were withdrawing a large amount, it may take longer.
Banks actually have until the end of the next working day to make a payment.
The faster payments system advertises two hours but that is once the payment has been passed to them.
They are probably including the settlement period where relevant. If you sell shares or ETFs, then immediately request a withdrawal, they have to wait for the sale to settle before they can release the cash, and this is usually 2-3 working days.
I requested a large withdrawal of uninvested (and settled) cash this morning and it was in my bank account around 2 minutes later.
Payments to and from my T212 Cash ISA have always been instant but YMMV
They are now offering 5.32% to new customers!
Loyalty doesn’t pay!
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We fall for this every year, high rates to lure in new customers at the start of the tax year, then a month later once all the cash is in, start dropping the rates!
Promo in the app for 1.5% cashback investing on card spend for 2 months if anyone is interested.
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Another rate reduction…
We’re adjusting our base interest rate for GBP (Pound Sterling), effective as of 26 May 2025.
Your rates will be as follows:
- Trading 212 Cash ISA: From 4.35% to 4.10%
- Trading 212 Stocks ISA, Invest and CFD: From 4.6% to 4.35%
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Cash ISA rates dropping fast. 4.5% at the end of April, 4.1% before the end of May.
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Not too bothered as I only keep around the equivalent of 6 months’ income in the cash ISA and the rest is invested. It’s just too convenient to be able to instantly transfer between the Cash and S&S ISAs,
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