Cash ISA - stupid question perhaps

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81910358#Comment_81910358

Sometimes "how things should work" and "how Trading212 decide things work" are two different things…. e.g. their interpretation of withdrawal/replacement of last years funds (although this does now appear to be sorted).

I agree though that I expect deposits now (in March) should continue to earn the bonus into the next tax year.

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81910596#Comment_81910596

From comments on this forum, I have the impression generally that these newer players in the savings market, like T212, Plum etc seem to be more quirky, and have more unexpected rules than if dealing with a more traditional provider.

Russ66

From T212 FAQ's

How do the promo rates work?

A promo rate is an extra interest rate boost on top of our variable standard rate for your Cash ISA. For example, if our standard interest rate is 4% and you get a 0.25% promo rate, you'll earn 4.25% interest for the offer period.

Promo eligibility:
The promo rate applies to money you add in each current tax year.

Example:
If you open your Cash ISA on 1 Sep with a 0.25% promo rate for the first 12-month promo period:

• Promo applies to contributions from 1 Sep to 5 Apr (current tax year)
• Promo applies to contributions from 6 Apr to 31 Aug (next tax year)