Just a reminder that their ISA rates are reducing by 0.25% on 26th May.
Interesting news, but I must admit that I still have a few ‘trust’ issues with these outfits that have their antecedents in Eastern Europe (Bulgaria, Estonia, Lithuania etc). I have visions of Putin ending up with his grubby war criminal paws on my funds at some point.
Is that actually more or less likely than Starmer or Trump ending up with them?
This isn’t really a change, their current rate is 4.1% and current BoE rate is 4.25%
It won’t affect the current interest rate, true.
However, it means that future interest rates will be immediately reflected in the rate offered and stops them from offering a more competitive rate as they have done in the past.
Yeah it does give some certainty to future rate offerings, and that they will always be below the BoE rate.
(The email also reminded me to transfer out now that the promo rate on my account has expired).
Can someone smarter than me explain what this means from the latest email?
Important: From 04 August, you can only replace some or all of these funds up to this amount in the current tax year without affecting your ISA allowance, as long as they are returned to the same 212 ISA within the current tax year. Your past activity remains unaffected.
Basically, I think it’s saying you can replenish your 20k annual limit if you take money out and pay it back in to the same account, so it doesn’t keep eating into your allowance.
Ie take £2k out. Pay it back in. That second £2k doesn’t count towards the allowance.
But this used to be across all their ISAs ie you could take 2k from stocks and replenish Cash ISA.
Now it looks as if it has to go back into the ISA it came from.
Ah - that’s the bit I was missing - thank you!
No, this is to do with previous years allowances, not the current tax year’s. What you mention has been the case since April 2024.
I’ve started using the T212 card lately with the 1.5% cashback and it’s been working great so far. I see for each transaction, T212 assigns a category, but is there a spending insights sort of feature available that tots up how much you’ve spend on groceries, fuel etc. each month?
There’s nothing like that at the moment. I’m hoping they eventually split the card and spending pot off into its own product and add some more features like this, and allow round-up and cashback investment not just to the Invest account, but the ISAs as well.
Yeah, exactly. The only thing I’ve found that attempts to do something like spending overview is the AI summary, it adds up some totals and discusses categories but I don’t really like it to be honest! Would much prefer a good old pie chart!
Decided to get the Trading 212 debit card, 0.5% on near all purchases, and some other moot cashback offers.
Instant notifications, detailed notifications too IE merchant, amount, balance left, then there’s a iOS balance widget which shows investments but I only added funds and moved them to the spending pot to use the card.
Probably won’t keep it up but nice to make cash back on purchases Chase doesn’t give 1% on.
Will you be doing any investing?
Not yet, I don’t know much about investing so I need to learn, maybe 212 will be the path. Perplexity said it’s one of the better ones for starting out.
Card is pretty nice too. First Direct-esque with a blue core.
I ordered one and never used it 
T212 has a practice mode so you can learn and give things a shot as if they were real before you try with your own money. That’s probably the best path for you.
I’ve ordered the card so will see what that arrives!
I did notice this, I will have a go, thanks!
If you switch on the option to invest cashback in a pie, the cashback rate increases to 1.5%
