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Trade 212 to Money Box (3 months) then back to Trade 212?

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Hello, currently have 20 years of savings in a cash isa with Trade earnng 4.5%. 
I want to consider moving this to money box at the bonus rate of 5.71% for 3 months, then move it again back to Trade 212.
Trade 212 pays daily interest, where as I think MoneyBox will only pay annual interest.
I don't want to miss out on the 1.21% increase for 3 months because this is significant e.g. worth doing.
Anyone done this and for example can you move back to Trade 212 once you have left? 

Comments

  • friolento
    friolento Posts: 2,344 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    edited 15 April at 4:03PM
    Check whether T212 will allow you to open another cash ISA if you had one with them before.

    There is a growing number of providers who for some reason don’t ever want you back if you had the audacity 😂 to transfer out…….  Moneybox is one of them. I haven’t checked out what the T212 policy is. May be you can report back when you know?
  • masonic
    masonic Posts: 27,035 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    A partial transfer to keep a foot in the door may be an option, providing both providers support that.
  • Also check moneybox accept transfers that aren't electronic as 212t don't allow this 
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