Trading 212 Cash ISA - Rate Reducing

sausage_time

Yes it is.  From http://trading212.com/isa under "Can I withdraw from ISAs?"

Your 212 ISAs are flexible. This means you can withdraw any amount and deposit it back without impacting your allowance, as long as you do it within the same tax year. The UK tax year runs from 6 April to 5 Apri

fistfulofsteel

Can I transfer out of T212 and immediately back in to get the new customer rate?

Aidanmc

fistfulofsteel said:

Can I transfer out of T212 and immediately back in to get the new customer rate?

Unfortunately not!

GinBerry2025

There are two money box Cash ISA? What are people going for?

Sea_Shell

sausage_time said:

Yes it is.  From http://trading212.com/isa under "Can I withdraw from ISAs?"

Your 212 ISAs are flexible. This means you can withdraw any amount and deposit it back without impacting your allowance, as long as you do it within the same tax year. The UK tax year runs from 6 April to 5 Apri

Quick question...Do the two sides of the T212 platform count as just the one ISA, or separate, as far as flexi withdrawals are concerned?

eg, do you have to put the cash back into exactly from whence it came, either Cash or QMMF cash?

So if you withdraw from QMMF funds, you can only REPLACE into the Stocks ISA, and visa versa?

Is it best to move the cash from QMMF into Cash first, and withdraw from there, rather than directly from the QMMF side, as it's easier to re-deposit into the Cash ISA than the Stocks ISA?

Don't both sides have different methods (rules / charges) for paying in?    


Thanks

Aidanmc

Sea_Shell said:

sausage_time said:

Yes it is.  From http://trading212.com/isa under "Can I withdraw from ISAs?"

Your 212 ISAs are flexible. This means you can withdraw any amount and deposit it back without impacting your allowance, as long as you do it within the same tax year. The UK tax year runs from 6 April to 5 Apri

Quick question...Do the two sides of the T212 platform count as just the one ISA, or separate, as far as flexi withdrawals are concerned?

eg, do you have to put the cash back into exactly from whence it came, either Cash or QMMF cash?

So if you withdraw from QMMF funds, you can only REPLACE into the Stocks ISA, and visa versa?

Is it best to move the cash from QMMF into Cash first, and withdraw from there, rather than directly from the QMMF side, as it's easier to re-deposit into the Cash ISA than the Stocks ISA?

Don't both sides have different methods (rules / charges) for paying in?    


Thanks

I would replace to the same ISA withdrawn from just in case any issues arise.

Then you can transfer between S&S ISA and Cash ISA within T212. Internal transfers are instant

Nourse79

jay1804 said:

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)

Due to the Bank of England (BoE) recent interest rate cut, Trading 212’s GBP (Pound Sterling) interest rate changes as follows:
As of 08.08.2025:

Trading 212 Cash ISA: From 4.10% to 3.85% AER (variable)............. 




Email received today at 12.35 amNO NOTICE!  Is that even legal? 

bagand96

Nourse79 said:

Email received today at 12.35 amNO NOTICE!  Is that even legal? 

You might not like something, but that doesn't mean it's not legal. The Trading 212 ISA is a variable rate ISA that tracks the Bank of England base rate, as per the terms of the account:

https://helpcentre.trading212.com/hc/en-us/articles/28354646612253-Cash-ISA-Interest-Rate-Tracker?

If you want to guarantee an interest rate then you should look into fixed rate product. Trading212 don't offer a fixed ISA but there are plenty available elsewhere, above 4% is still available, you can transfer your T212 funds too https://www.moneysavingexpert.com/savings/best-cash-isa/#bestfixedrate

clairec666

bagand96 said:

Nourse79 said:

Email received today at 12.35 amNO NOTICE!  Is that even legal? 

You might not like something, but that doesn't mean it's not legal. The Trading 212 ISA is a variable rate ISA that tracks the Bank of England base rate, as per the terms of the account:

https://helpcentre.trading212.com/hc/en-us/articles/28354646612253-Cash-ISA-Interest-Rate-Tracker?

If you want to guarantee an interest rate then you should look into fixed rate product. Trading212 don't offer a fixed ISA but there are plenty available elsewhere, above 4% is still available, you can transfer your T212 funds too https://www.moneysavingexpert.com/savings/best-cash-isa/#bestfixedrate

It's a base rate tracker so I don't know why anyone is surprised. No idea what the rules are for notifying customers of rate cuts, but Trading 212 have been speedier than pretty much every other bank.

Ch1ll1Phlakes

Nourse79 said:

jay1804 said:

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)

Due to the Bank of England (BoE) recent interest rate cut, Trading 212’s GBP (Pound Sterling) interest rate changes as follows:
As of 08.08.2025:

Trading 212 Cash ISA: From 4.10% to 3.85% AER (variable)............. 




Email received today at 12.35 amNO NOTICE!  Is that even legal? 

Might not like it but it is legal as it's in their T&Cs. See below 

T212 will only give notice to you if they change the rate that they track the base rate. As it is a tracker the 'without notice' isn't unreasonable as we know if the base rate falls so will the account.

If you didn't realise it was a tracker it's terms were changed in July (I got the email 4th July).