Trading 212 Cash ISA - Promo Code?

Englishpaul

As the title suggests, I opened a Cash ISA using the link from MSE which should have provided 5.1% interest [0.2 above the current rate of 4.9%] however now my funds have been transferred I find that I am not getting 5.1% but 4.9%.

Anyone else found similar? 

wmb194

Englishpaul said:

As the title suggests, I opened a Cash ISA using the link from MSE which should have provided 5.1% interest [0.2 above the current rate of 4.9%] however now my funds have been transferred I find that I am not getting 5.1% but 4.9%.

Anyone else found similar? 

Were you an existing customer with a S&S Gia or Isa?

Englishpaul

wmb194 said:

Englishpaul said:

As the title suggests, I opened a Cash ISA using the link from MSE which should have provided 5.1% interest [0.2 above the current rate of 4.9%] however now my funds have been transferred I find that I am not getting 5.1% but 4.9%.

Anyone else found similar? 

Were you an existing customer with a S&S Gia or Isa?

I'll say no because I'm not familiar.

I moved my ISA from Virginmoney to Moneybox to T212.

I bank with Chase and 1st Direct.

dcs34

Go on settings, promo code, type in 'MSE'.

RCL76

Just opened a Trading 212 cash isa using the MSE link online but also got the app.
Currently, on the app my interest states only 4.9% not 5.1%. Is this because I completed the account set up on the app? However, MSE states open online or via app. 
Or is this the default and they don't show the bonus. As I have had a Tandem account, I'm used to seeing the bonus included.
Thanks for any helpful ideas.

Englishpaul

dcs34 said:

Go on settings, promo code, type in 'MSE'. 

 Thanks! That worked a treat - I think... 😁👍

RCL76

Shame MSE didn't put that in their detailed descriptive piece. Thanks for the help!

eskbanker

Crabman said:

Why is the promo rate only available to new customers? Is that "treating customers fairly" per the FCA? 

I don't believe that the FCA provisions are interpreted as meaning that any sort of differential promotions, etc, are inherently deemed as 'unfair', but what specifically are you referring to?

Deals only available to new customers are quite widespread, such as current account switching incentives, or the equivalent for investment and pension transfers, or introductory interest rates (such as Nationwide's FlexDirect), or arguably even Plum's lower rate for ISA transfers, but that doesn't in itself mean that they're compliant with FCA rules and regulations if someone is able and willing to make a coherent case to the contrary?

allegro120

bioboybill said:

Calidad said:

Does anyone know lose the bonus rate if your Cash ISA transfer in takes longer to complete than 10 days (which I expect it will)? Or does initiating the process within 10 day period lock in the rate? 

I was going to ask the same thing, but couldn't you just put a few quid in if you haven't maxed out your ISA, then initiate a transfer?

I was going to ask the same thing too because I maxed my ISA in April so "a few quid" is not an option. 

winkowinko

allegro120 said:

bioboybill said:

Calidad said:

Does anyone know lose the bonus rate if your Cash ISA transfer in takes longer to complete than 10 days (which I expect it will)? Or does initiating the process within 10 day period lock in the rate? 

I was going to ask the same thing, but couldn't you just put a few quid in if you haven't maxed out your ISA, then initiate a transfer?

I was going to ask the same thing too because I maxed my ISA in April so "a few quid" is not an option. 

I messaged them about this, and their response was that your balance must be at least £1 within 10 days of opening the account.