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Trade 212 to Money Box (3 months) then back to Trade 212?
GinBerry2025
Posts: 5 Forumite
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?
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?
0
Comments
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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?0 -
A partial transfer to keep a foot in the door may be an option, providing both providers support that.0
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Also check moneybox accept transfers that aren't electronic as 212t don't allow this0
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