Trading 212 Cash ISA Help

himonster

slinger2 said:

himonster said:

slinger2 said:

If you're a new T212 customer and get the "promo" rate there won't be much to beat it. And it's flexible too. Of course, it's a variable rate product so there's no guarantees there. However, there's always the option to transfer it somewhere else if you are not satisfied.

Would I need to transfer it or could I just withdraw and start again? 

Is the cash ISA with T212 FSCS protected? I've heard T212 is QMFF?

If you withdrew and moved it to another ISA that would count as "new" money going in, part of your £20k allowance. So if you want to preserve your allowance you'd have to do a transfer. Whether that's important to you depends on how close you are to the £20k limit.

The T212 cash ISA does not use QMMFs. The S&S ISA does, as does the non-ISA invest account.

Thank you for confirming. That's really helpful.

himonster

Should payments to T212 show as 'Trading TwoOneTwo' on your bank account? 

wmb194

himonster said:

Should payments to T212 show as 'Trading TwoOneTwo' on your bank account? 

Yes, that's fine.



It's better not to run two threads on separate boards on the same issue/questions.

https://forums.moneysavingexpert.com/discussion/6603703/isa-question/p1