Cash ISA - Trading 212 or Moneybox? Both offering 5.17%

jungleboy123

Transferring my lifetime ISA to moneybox to get that sweet 5%.

I just wonder if i should go Trading 212 or Moneybox for transferring my Cash ISA? I see not much info on the MSE headpage. The only thing is 212 is flexible?

Has anyone experience with both and which is easier to use and manage?

Thanks.

eskbanker

jungleboy123 said:

I just wonder if i should go Trading 212 or Moneybox for transferring my Cash ISA? I see not much info on the MSE headpage. The only thing is 212 is flexible?

The MSE page highlights other differences too, but there are plenty of experiences of both discussed regularly on here, so reading through other threads will give you a flavour.

Trading 212's account has a minimum deposit of £1 and allows unlimited withdrawals, while app-based Moneybox requires £500 minimum deposit and limits you to three penalty-free withdrawals per year, plus the rate drops after 12 months (more info in the links).

saverkev

jungleboy123 said:

Transferring my lifetime ISA to moneybox to get that sweet 5%.

I just wonder if i should go Trading 212 or Moneybox for transferring my Cash ISA? I see not much info on the MSE headpage. The only thing is 212 is flexible?

Has anyone experience with both and which is easier to use and manage?

Thanks.

No experience with Moneybox but I can tell you that withdrawing from Trading 212 is not instant and takes between 1 and 3 days in my experience. I also use, and prefer, Chip and Zopa both of which give virtually instant withdrawals

happybagger

Tried T212 but stumbled on the ID requirements. Uploaded DVL docs as requested but it then needed a camera. I have a smartphone but no functioning camera on it so that was end of story.

Moneybox app didn't require any ID uploads or the use of a camera. In fact I don't recall inputting my address either, which I thought was odd.

Albermarle

ISAs & tax-free savings — MoneySavingExpert Forum

Some threads on T212 in the ISA forum.

Bigwheels1111

Trading 212 states up to 3 working days for withdrawals.

So far its been instant.

But I take the cash out 3 days before I need it.

If its instant as before I place it in Chip's ISA that give instant payouts.

So I can fund my regular savers on the first.

flaneurs_lobster

Paying into the Moneybox Cash ISA is instant using a linked bank account and open banking, £100 minimum. Smaller or larger amounts can be added using their weekly savings cycle.

Withdrawals claim to be fast too, haven't tried since the account drops the rate after 4 withdrawals in a (tax) year.

saveforretirement

Trading 212 seems to be having issues with allowing customers to log in

SeriousHoax

saveforretirement said:

Trading 212 seems to be having issues with allowing customers to log in

It seems to be working fine for me.

Bigwheels1111

No login issues with Android or ipad.

AndyTh_2

Has anyone managed to get Moneybox Cash ISA bonus interest after having it before? I remember this was an issue for LISA re-joining a while ago.