T212 rate cuts

Aidanmc

We're adjusting our base interest rate for GBP (Pound Sterling), effective as of 26 May 2025.
Your rates will be as follows:Trading 212 Cash ISA: From 4.35% to 4.10%Trading 212 Stocks ISA, Invest and CFD: From 4.6% to 4.35%

slinger2

New customers can get 4.83%: "Promo rate for new clients including bonus of 0.73% for the first 12 months."

However, like one or two other providers, they've rather abandoned their existing customers.

Largs

Many thanks for sharing, I'd not heard about this.  Can't wait to get shot of T212.

BigBear68

Just got the email too, so yeah tomorrow will be looking at alternatives but reading some of the posts on this site about problems with transferring I'm not looking forward to it.

clairec666

I'm shopping around for better rates too, but it looks like Chip is the only other option which is a flexible ISA. Tembo's got a good rate but isn't flexible. Completely avoiding Plum!

slinger2

clairec666 said:

I'm shopping around for better rates too, but it looks like Chip is the only other option which is a flexible ISA. Tembo's got a good rate but isn't flexible. Completely avoiding Plum!

But the Chip ISA (4.06%) is no better unless you're a new customer.

Gambler

slinger2 said:

clairec666 said:

I'm shopping around for better rates too, but it looks like Chip is the only other option which is a flexible ISA. Tembo's got a good rate but isn't flexible. Completely avoiding Plum!

But the Chip ISA (4.06%) is no better unless you're a new customer.

At least you know where you are with Chip, rate moves with base rate. I may stay after initial 3 months bonus ends

RunsFromRobots

I'm in the same boat. Vida looks the most attractive right now and their ISAs are flexible.

slinger2

Have Vida cut their rates recently? Or are we still waiting for a post-base rate cut?

P1Fanatic

I initiated my transfer out of T212 on May 1st after their previous (none BoE related) rate drop. Its taken until today (16th) for them to action it and money has left T212 but not yet arrived at Moneybox. 2-3 weeks seems to be the norm for Transfers Out.

slinger2

P1Fanatic said:

I initiated my transfer out of T212 on May 1st after their previous (none BoE related) rate drop. Its taken until today (16th) for them to action it and money has left T212 but not yet arrived at Moneybox. 2-3 weeks seems to be the norm for Transfers Out.

Having previously been overwhelmed with Transfers In, I assume that T212 will be overwhelmed with Transfers Out for the next couple of weeks.