Trading 212 Cash ISA - Rate Reducing

jay1804

Received an email from Trading 212

Reduction in GBP Cash ISA interest

We're adjusting our base interest rate for GBP (Pound Sterling), effective as of 1 May 2025.
Your rates will be as follows:

- Trading 212 Cash ISA: From 4.5% to 4.35% variable
- Trading 212 Stocks ISA, Invest and CFD: 4.6% (no change)

MeteredOut

I guess someone's got to pay for the increased interest rates for new customers.

jay1804

MeteredOut said:

I guess someone's got to pay for the 3 month increased interest rates for new customers.

Well it looks like they have changed it to 12 months

- 4.35% variable + 12mth 0.69% newbie bonus 

slinger2

I've already moved most of my T212 Cash ISA money to my T212 Stocks ISA, so personally I'm not much affected.

Perhaps they're anticipating a base rate reduction in 3 weeks time and getting their rate cut in early. However more tempting now to transfer out.

Ocelot

Wouldn't be surprised if they dropped it again after the next rate cut!

Johnny-Cage

slinger2 said:

I've already moved most of my T212 Cash ISA money to my T212 Stocks ISA, so personally I'm not much affected.

Perhaps they're anticipating a base rate reduction in 3 weeks time and getting their rate cut in early. However more tempting now to transfer out.

Is the stocks and shares still flexible 

palemist

This rate cut by Trading 212 leaves a bad taste because there's no reason for it at all. Most of my money is in the Cash Isa, the next rate interest rate payment is on the 3rd of May so even though I add a significant amount of new money into the Cash Isa every payday, come the 3rd of May, that interest will be lower or at best equal to what I got last month. I'm not happy. 

jimjames

palemist said:

This rate cut by Trading 212 leaves a bad taste because there's no reason for it at all. Most of my money is in the Cash Isa, the next rate interest rate payment is on the 3rd of May so even though I add a significant amount of new money into the Cash Isa every payday, come the 3rd of May, that interest will be lower or at best equal to what I got last month. I'm not happy. 

It's a variable rate ISA so the rate can be varied at any time. With these promotional rates they aren't linked to the base rate. If you don't like it and want a higher rate then you can always move it elsewhere. The rate is still pretty competitive when you see the base rate is 4.5% and inflation 2.6%

Isarulesaretoocomplex

palemist said:

This rate cut by Trading 212 leaves a bad taste because there's no reason for it at all. Most of my money is in the Cash Isa, the next rate interest rate payment is on the 3rd of May so even though I add a significant amount of new money into the Cash Isa every payday, come the 3rd of May, that interest will be lower or at best equal to what I got last month. I'm not happy. 

Got most of mine fixed atm. Cynergy @4.56 Oak north @4.51 transferring 212 to Newcastle bs @4.3 as i personally feel the variable rates will drop below the fix. Either way can't see rates heading north. Shawbrook @4.49 and one variable with ford money @4.35 who are great to deal with imo. 

palemist

@jimjames this wasn't a promotional rate and I know that I can move it elsewhere. Thanks. 

slinger2

Johnny-Cage said:

slinger2 said:

I've already moved most of my T212 Cash ISA money to my T212 Stocks ISA, so personally I'm not much affected.

Perhaps they're anticipating a base rate reduction in 3 weeks time and getting their rate cut in early. However more tempting now to transfer out.

Is the stocks and shares still flexible 

I believe so. It wouldn't make much sense for it not to be flexible given that the Cash ISA is.