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

slinger2

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 

As you will be aware your cash in the S&S ISA might be invested in QMMFs. These are low risk but not without risk. So you'll need to judge whether the extra interest is worth the extra risk.

Johnny-Cage

slinger2 said:

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 

As you will be aware your cash in the S&S ISA might be invested in QMMFs. These are low risk but not without risk. So you'll need to judge whether the extra interest is worth the extra risk.

Argh so if you don’t invest any funds you don’t just get the 4.6% daily interest 

MeteredOut

Johnny-Cage said:

slinger2 said:

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 

As you will be aware your cash in the S&S ISA might be invested in QMMFs. These are low risk but not without risk. So you'll need to judge whether the extra interest is worth the extra risk.

Argh so if you don’t invest any funds you don’t just get the 4.6% daily interest 

No, the cash is invested in the QMMF returning 4.6%, hence the small risk.

Sea_Shell

Johnny-Cage said:

slinger2 said:

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 

As you will be aware your cash in the S&S ISA might be invested in QMMFs. These are low risk but not without risk. So you'll need to judge whether the extra interest is worth the extra risk.

Argh so if you don’t invest any funds you don’t just get the 4.6% daily interest 

You have to opt in to receiving interest on your cash, whereby it then gets "invested" in QMMFs.

You don't get interest if you're not opted in.

Johnny-Cage

Sea_Shell said:

Johnny-Cage said:

slinger2 said:

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 

As you will be aware your cash in the S&S ISA might be invested in QMMFs. These are low risk but not without risk. So you'll need to judge whether the extra interest is worth the extra risk.

Argh so if you don’t invest any funds you don’t just get the 4.6% daily interest 

You have to opt in to receiving interest on your cash, whereby it then gets "invested" in QMMFs.

You don't get interest if you're not opted in.

Yh I am opted in just thought 4.6% be better than 4.35% in the cash ISA but guess not so 

slinger2

Johnny-Cage said:

Sea_Shell said:

Johnny-Cage said:

slinger2 said:

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 

As you will be aware your cash in the S&S ISA might be invested in QMMFs. These are low risk but not without risk. So you'll need to judge whether the extra interest is worth the extra risk.

Argh so if you don’t invest any funds you don’t just get the 4.6% daily interest 

You have to opt in to receiving interest on your cash, whereby it then gets "invested" in QMMFs.

You don't get interest if you're not opted in.

Yh I am opted in just thought 4.6% be better than 4.35% in the cash ISA but guess not so 

I've only got a small amount of cash in Trading212 but nearly all of that is in my S&S accounts. Personally I can stand that risk. Would I leave huge amounts of money in QMMFs? Probably not.

wmb194

Johnny-Cage said:

Sea_Shell said:

Johnny-Cage said:

slinger2 said:

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 

As you will be aware your cash in the S&S ISA might be invested in QMMFs. These are low risk but not without risk. So you'll need to judge whether the extra interest is worth the extra risk.

Argh so if you don’t invest any funds you don’t just get the 4.6% daily interest 

You have to opt in to receiving interest on your cash, whereby it then gets "invested" in QMMFs.

You don't get interest if you're not opted in.

Yh I am opted in just thought 4.6% be better than 4.35% in the cash ISA but guess not so 

T212 states the QMMFs it uses. You can look them up and see what you think: