T212 cash ISA interest going to 4.50% from 01-MAR-2025

frosch411

Not per se surprising but still gutted, T212 follows the trend after the recent BoE rate drop.

Cash ISA rate dropping to 4.50% from 01-MAR-2025; only spotted this today in the app/online, no email or other notification received yet.

  

techno12

Their S&S ISA is dropping to 4.6% on the same date, so I'll move the chunk that I have in their Cash ISA over to that..

Ayr_Rage

techno12 said:

Their S&S ISA is dropping to 4.6% on the same date, so I'll move the chunk that I have in their Cash ISA over to that..

You can also get 4.6% in the Invest (cash) account from 01/03 if you have maxed out ISAs

masonic

Ayr_Rage said:

techno12 said:

Their S&S ISA is dropping to 4.6% on the same date, so I'll move the chunk that I have in their Cash ISA over to that..

You can also get 4.6% in the Invest (cash) account from 01/03 if you have maxed out ISAs

That's one to keep in mind as rates plunge across the standard easy access market.

Stolas

Looks like Moneybox is doing the same.

“The underlying interest rate is changing from 4.45% AER (variable) to 4.20%”

So if you’re enjoying the current bonus rate of 5% you’ll end up with 4.75% which beats Trading 212, so could be worth transferring for some. 

poseidon1

frosch411 said:

Not per se surprising but still gutted, T212 follows the trend after the recent BoE rate drop.

Cash ISA rate dropping to 4.50% from 01-MAR-2025; only spotted this today in the app/online, no email or other notification received yet.

  

Thanks for the heads up!

I had recently opened the T212 cash isa specifically for the 4.90 % rate, with a view to transferring substantial maturity monies soon to arise from a Charter Savings Bank fixed isa.

However Charter Savings currently offer 4.46% instant access paid monthly  ( 4.55% annually) so have decided to leave the maturity monies with them given T212 can only offer a marginal improvement next month on a monthly pay out basis.

I probably would not have noticed this banner announcement on T212's  app, so your 'eagle vision' appreciated.

sammy_zammy

Is now perhaps a good time to fix, as the easy-access rates approach the top fixed-term rates?

poseidon1

sammy_zammy said:

Is now perhaps a good time to fix, as the easy-access rates approach the top fixed-term rates?

Maybe for some.   In the case of Charter Savings their instant access isa at 4.55% AER is only 0.13% below their 1 year fix at 4.42% AER.

The 1 year fix could look quite enticing if there is another base rate cut on 20 March. However can't discount the possibility of a rash of teaser rates emerging from cash isa companies, the closer we get to the tax year end deadline.

Perhaps hedge ones bet and place a portion of money in a fix?, although with Charter's 30 day funding window  ( once ISA is open) no need to commit prematurely.

KingL2

frosch411 said:

Not per se surprising but still gutted, T212 follows the trend after the recent BoE rate drop.

Cash ISA rate dropping to 4.50% from 01-MAR-2025; only spotted this today in the app/online, no email or other notification received yet.

Just got the email to confirm.

"Stocks ISA"; "Invest"; and "CFD" 4.6%

sammy_zammy

poseidon1 said:

sammy_zammy said:

Is now perhaps a good time to fix, as the easy-access rates approach the top fixed-term rates?

Maybe for some.   In the case of Charter Savings their instant access isa at 4.55% AER is only 0.13% below their 1 year fix at 4.42% AER.

The 1 year fix could look quite enticing if there is another base rate cut on 20 March. However can't discount the possibility of a rash of teaser rates emerging from cash isa companies, the closer we get to the tax year end deadline.

Perhaps hedge ones bet and place a portion of money in a fix?, although with Charter's 30 day funding window  ( once ISA is open) no need to commit prematurely.

Maybe an idea. Had been looking at longer fixes of maybe 2/3 years, but no idea what we can expect over 2/3 years! And not sure the top accounts are suitable: I attempted to transfer to Secure Trust Bank yesterday but they didn’t list Moneybox annoyingly, and that’s where most of my ISA funds are. UBL reviews put me off.

JohnB47

Ha! On the very day I add funds to max out my newly opened Trading 212 ISA they drop the interest rate. Not by 0.25% but by 0.4%. Still a reasonable deal, considering the bonus rate that's fixed for a year.

They'll all go down now but perhaps not by more than the full BOE drop. Something to ponder come the new financial year.