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Trading 212 easy access ISA 5.2% APY and 1% cashback. Too good to be true?

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  • booneruk
    booneruk Posts: 736 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    edited 8 April 2024 at 1:44PM
    Aidanmc said:

    slr1981 said:
    dumb question, but the T&C (4.2) say you need to accept the 1% cashback. I cant see this anywhere. I've deposited (as little as) £1 to test and still nothing. Looking at this chat it seems to be automatic, or have I missed something?
    Its automatic, a notification will appear in notification area after making a deposit. You need to accept the cashback from there.




    Indeed, I had this earlier. 

    I'm a new signup to T212, and I must say I'm very impressed (I am an existing user of Vanguard, HL, II and Freetrade Plus). I was slightly baffled by how they can afford to charge no fees, but then I saw I have access to their CFD service too (which I'm avoiding like the plague!). I'm guessing normal investors are subsidised by CFD speculator folks.

    I made use of the "Pie" function this morning. I set one up with 5 ETFs that I think have a bright future, deposited my first lump sum, it was then automatically invested into the pie, 20% into each ETF without any fuss and now I can see the cashback has activated.
  • gravel_2
    gravel_2 Posts: 624 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    edited 8 April 2024 at 3:01PM
    I'm signed up. I unintentionally got my fractional share paid into ISA. Can live with that.

    I got the notification for ISA cashback and accepted the terms. Still waiting - is that expected? Do I need to set up a payment method on the Invest account before it will credit?

    EDIT: cash arrived, took ~40 mins.
  • vienly
    vienly Posts: 241 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I opened a new ISA on 6th April and topped up the max but haven't received any notifications and it's been 2 days already, is there something I've missed regarding the 1% cashback?
  • slinger2
    slinger2 Posts: 1,000 Forumite
    500 Posts First Anniversary Name Dropper
    vienly said:
    I opened a new ISA on 6th April and topped up the max but haven't received any notifications and it's been 2 days already, is there something I've missed regarding the 1% cashback?
    Are you sure you qualify?
  • vienly
    vienly Posts: 241 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    • You’re opening a Trading 212 ISA for the first time;             I accidentally opened an ISA few months ago but closed it immediately within 5 minutes of opening, not sure if this counts or not?
    • You’re a UK resident aged 18 or above;                     Yes
    • The ISA is activated between January 29, 2024 and April 30, 2024;    Yes
    • You have an active Trading 212 Invest account.          Yes
  • gravel_2
    gravel_2 Posts: 624 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    I think you've disqualified yourself as it's not your first ISA.

    It popped up in my notifications basically as soon as I deposited funds. 
  • vienly
    vienly Posts: 241 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    gravel_2 said:
    I think you've disqualified yourself as it's not your first ISA.

    It popped up in my notifications basically as soon as I deposited funds. 

    They've confirmed because I opened one last year for less than 5 minutes I don't qualify, well I certainly shot myself in the foot with that one!
  • Expotter
    Expotter Posts: 372 Forumite
    Third Anniversary 100 Posts Name Dropper
    gravel_2 said:
    I'm signed up. I unintentionally got my fractional share paid into ISA. Can live with that.

    I got the notification for ISA cashback and accepted the terms. Still waiting - is that expected? Do I need to set up a payment method on the Invest account before it will credit?

    EDIT: cash arrived, took ~40 mins.
    I did the same, are you allowed to sell the free share straight away? Besides, I'm not sure you're allowed to hold fractional shares within an ISA.
  • TheBanker
    TheBanker Posts: 2,238 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I signed up for this a couple of days ago. My free shares were worth £40ish. I'm quite impressed so far. The ISA cashback is a nice bonus too. 
  • gt94sss2
    gt94sss2 Posts: 6,100 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Trading 212 have said they are launching a cash ISA in May

    https://community.trading212.com/t/the-212-cash-isa-is-coming-in-may/69070
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