Trading 212 - Cash ISA interest rate dropping on the 1st of May 2025

palemist

I'm surprised to see an email from Trading 212 notifying me of a rate drop on the 1st of May when the BoE is meeting on the the 8th of May to decide if the rate is going to be cut. Or is this a response to the recent news that inflation has dropped to 2.6%? 

The current Trading 212 Cash ISA is dropping from 4.5% to 4.35%. 

P1Fanatic

https://forums.moneysavingexpert.com/discussion/6601980/trading-212-cash-isa-rate-reducing#latest

As someone said there - probably to pay for the new customer bonus rates. Thankfully already transferring mine to Moneybox

Isarulesaretoocomplex

P1Fanatic said:

https://forums.moneysavingexpert.com/discussion/6601980/trading-212-cash-isa-rate-reducing#latest

As someone said there - probably to pay for the new customer bonus rates. Thankfully already transferring mine to Moneybox

Be interesting how smooth that goes. As I posted on another thread I'd tried twice with ford money to no avail. Finally I've opened a fixed rate with Newcastle building society who have instigated a paper transfer hopefully this goes through 

Sea_Shell

Can you just move it into the S&S part but keep it as uninvested cash?

If so, is that still flexibly accessed and not treated as 'new' money?

As the email I had, states this rate is remaining at 4.6%

palemist

hmmm does the uninvested cash in the S&S Isa sit within the ISA wrapper, to tell you the truth, I never thought about this, but I will look into this now. 

Aidanmc

Sea_Shell said:

Can you just move it into the S&S part but keep it as uninvested cash?

If so, is that still flexibly accessed and not treated as 'new' money?

As the email I had, states this rate is remaining at 4.6%

You can move it to the S&S ISA and leave it uninvested, as in not buying any shares or etf's. But if you want the 4.6% you have to consent to your cash being invested in QMMF's.

Its not treated as 'new money'. You can move it as you like between the Cash and S&S Isa's

Sea_Shell

Aidanmc said:

Sea_Shell said:

Can you just move it into the S&S part but keep it as uninvested cash?

If so, is that still flexibly accessed and not treated as 'new' money?

As the email I had, states this rate is remaining at 4.6%

You can move it to the S&S ISA and leave it uninvested, as in not buying any shares or etf's. But if you want the 4.6% you have to consent to your cash being invested in QMMF's.

Its not treated as 'new money'. You can move it as you like between the Cash and S&S Isa's

So, I've moved some of my money over, to the Stocks ISA.   I've not got much with them TBH, so happy with the 'risk' of QMMFs

However, I've just received an email from them stating...

"We noticed you haven't traded for a while, yet you are still earning interest on your cash. We wanted to remind you that your Trading 212 account is primarily an investment account. It's designed for investing, rather than for holding cash as in a traditional savings account."

I understand that, but, give me a chance.   I would have thought they'd wait a month or so before sending a "reminder" like that.

I can't see anything in the T&Cs that says you can't just hold the cash there indefinitely, so is this more a nudge to get you to invest, rather than a potential breach of any rules?

Aidanmc

Sea_Shell said:

Aidanmc said:

Sea_Shell said:

Can you just move it into the S&S part but keep it as uninvested cash?

If so, is that still flexibly accessed and not treated as 'new' money?

As the email I had, states this rate is remaining at 4.6%

You can move it to the S&S ISA and leave it uninvested, as in not buying any shares or etf's. But if you want the 4.6% you have to consent to your cash being invested in QMMF's.

Its not treated as 'new money'. You can move it as you like between the Cash and S&S Isa's

So, I've moved some of my money over, to the Stocks ISA.   I've not got much with them TBH, so happy with the 'risk' of QMMFs

However, I've just received an email from them stating...

"We noticed you haven't traded for a while, yet you are still earning interest on your cash. We wanted to remind you that your Trading 212 account is primarily an investment account. It's designed for investing, rather than for holding cash as in a traditional savings account."

I understand that, but, give me a chance.   I would have thought they'd wait a month or so before sending a "reminder" like that.

I can't see anything in the T&Cs that says you can't just hold the cash there indefinitely, so is this more a nudge to get you to invest, rather than a potential breach of any rules?

Never mind that message. As you say its just a nudge to get you investing.

wiseonesomeofthetime

Sea_Shell said:

Aidanmc said:

Sea_Shell said:

Can you just move it into the S&S part but keep it as uninvested cash?

If so, is that still flexibly accessed and not treated as 'new' money?

As the email I had, states this rate is remaining at 4.6%

You can move it to the S&S ISA and leave it uninvested, as in not buying any shares or etf's. But if you want the 4.6% you have to consent to your cash being invested in QMMF's.

Its not treated as 'new money'. You can move it as you like between the Cash and S&S Isa's

So, I've moved some of my money over, to the Stocks ISA.   I've not got much with them TBH, so happy with the 'risk' of QMMFs

However, I've just received an email from them stating...

"We noticed you haven't traded for a while, yet you are still earning interest on your cash. We wanted to remind you that your Trading 212 account is primarily an investment account. It's designed for investing, rather than for holding cash as in a traditional savings account."

I understand that, but, give me a chance.   I would have thought they'd wait a month or so before sending a "reminder" like that.

I can't see anything in the T&Cs that says you can't just hold the cash there indefinitely, so is this more a nudge to get you to invest, rather than a potential breach of any rules?

I have received (and ignored) the same message.

My only use for the 212 Invest Account is the Spending card with 0.5% cashback.

I will stop using that soon too, I suspect.

Johnny-Cage

Can I move money 24k from my 24 and 25 allowances that’s in my T212 cash ISA to get the better rate in the S&S ISA especially when the cash ISA rate drops. I have no interest in investing so if they do get fickle about it not investing can the full allowances be moved back into there cash ISA 

wiseonesomeofthetime

Johnny-Cage said:

Can I move money 24k from my 24 and 25 allowances that’s in my T212 cash ISA to get the better rate in the S&S ISA especially when the cash ISA rate drops. I have no interest in investing so if they do get fickle about it not investing can the full allowances be moved back into there cash ISA 

What do the products terms and conditions say? Because those are what will apply if you change your mind, not the word of mouth of a forum user.

Eek. The Stocks ISA (Invest) T&C stretcheds to 53 pages - https://www.trading212.com/legal-documentation/uk/invest/Invest-Terms_EN.pdf