Monzo/Starling Banking/Revolut

michty_me · Monday at 18:40

beachBOYken said:
Yeah it is, especially after the last announcement from them via email that they were holding their rates despite the Bank of England rate drop, not that long ago. As above I moved mine to T212, using promo code MSE got me 4.51% newbie rate for the year, but obviously it's variable so things can change.

I just went to open a cash ISA (already had the app) but only offering me 3.85% I think it was. The code no longer applies to me.

beachBOYken · Monday at 19:08

michty_me said:
I just went to open a cash ISA (already had the app) but only offering me 3.85% I think it was. The code no longer applies to me.

Ah ok, not sure what terms are for “newbie” I only signed up today, went into settings and applied the code.

Still that’s better than quite a few places without any newbie offers applied.

beachBOYken · Tuesday at 10:33

Those with T212 app, do you press the logout button in settings after every use?

Ive just been swiping up to close the app, I do have pin/Face ID enabled but not sure If I should logout as well, I presume I would need to input email/password again if I did that.

tom_e · Tuesday at 10:48

beachBOYken said:
Those with T212 app, do you press the logout button in settings after every use?

Ive just been swiping up to close the app, I do have pin/Face ID enabled but not sure If I should logout as well, I presume I would need to input email/password again if I did that.

No, I just have biometrics enabled and it asks for face/fingerprint every time I reopen it.

beachBOYken · Tuesday at 10:53

tom_e said:
No, I just have biometrics enabled and it asks for face/fingerprint every time I reopen it.

Thanks, just checked it shows the passcode entry and then Face ID opens it for me every time I reopen the app. It's also good that T212 also have a website login.

Diddums · Tuesday at 11:00

beachBOYken said:
Thanks, just checked it shows the passcode entry and then Face ID opens it for me every time I reopen the app. It's also good that T212 also have a website login.

If you've not signed up yet, let me know. I (or anyone else you fancy) can send you a referral which will net you a few extra pennies.

EDIT: nvm, that campaign has ended. I still rate T212 though, definitely my favourite app for investing / ISA stuff. And I've got Plum, IG, Freetrade and T212.

Diddums · Tuesday at 11:09

@beachBOYken have a read here - https://www.moneysavingexpert.com/savings/best-cash-isa/

Definitely some good advice in there, it's usually my starting point when looking at this kind of thing.

beachBOYken · Tuesday at 11:19

Diddums said:
@beachBOYken have a read here - https://www.moneysavingexpert.com/savings/best-cash-isa/

Definitely some good advice in there, it's usually my starting point when looking at this kind of thing.

Yeah I often look on there. I have my T212 set up now and used MSE newbie promo code to boost it to 4.51% for the year.

Im just wondering if I took a chunk out or all it from t212 cash isa, how would it effect my isa allowance for current tax year?

ChrisD. · Tuesday at 11:41

beachBOYken said:
Im just wondering if I took a chunk out or all it from t212 cash isa, how would it effect my isa allowance for current tax year?

If you put in 10k, then withdraw 10k, you can put in 30k. Trading 212 show this in the app. I regularly withdraw and top back up.

Edit the app says replaceable funds from the previous tax year so could be wrong.

bloodiedathame · Tuesday at 12:02

Just moved my Starling easy saver over to 212 cash ISA. Should have done that to start with, so as to avoid being taxed on my interest.

beachBOYken · Tuesday at 12:14

bloodiedathame said:
Just moved my Starling easy saver over to 212 cash ISA. Should have done that to start with, so as to avoid being taxed on my interest.

Did you apply the MSE promo code to boost the rate?

bloodiedathame · Tuesday at 12:19

beachBOYken said:
Did you apply the MSE promo code to boost the rate?

Bummer! No!? Will see if I can do it retrospectively...

It appears so! Thanks for that!

beachBOYken · Tuesday at 12:22

bloodiedathame said:
Bummer! No!? Will see if I can do it retrospectively...

I think you should still be able, in the settings. I remember it saying I had 10days to fund the account after applying the code or the promo offer would expire, should be no different if already funds in it, otherwise contact them.

bloodiedathame · Tuesday at 12:26

beachBOYken said:
I think you should still be able, in the settings. I remember it saying I had 10days to fund the account after applying the code or the promo offer would expire, should be no different if already funds in it, otherwise contact them.

Cheers dude, all sorted. Would have missed that. For anyone else searching, simply go to settings>Promo code and enter 'MSE'.

Diddums · Tuesday at 12:27

beachBOYken said:
I think you should still be able, in the settings. I remember it saying I had 10days to fund the account after applying the code or the promo offer would expire, should be no different if already funds in it, otherwise contact them.

Was that the MSE40 code?

Diddums · Tuesday at 12:29

bloodiedathame said:
Just moved my Starling easy saver over to 212 cash ISA. Should have done that to start with, so as to avoid being taxed on my interest.

If you fancy it, stick it in their stocks and shares ISA and purchase some S&P500. It's the top 500 companies in the US and is generally the safest investment whilst still returning decent results, and outperforming any of these savings accounts.

Careful tho, it's a slippery slope. Before you know it you'll be scrounging around the back of the sofa for any spare change to add to it!

beachBOYken · Tuesday at 12:30

Diddums said:
Was that the MSE40 code?

I just typed MSE , to boost to 4.51%

bloodiedathame · Tuesday at 12:31

Diddums said:
If you fancy it, stick it in their stocks and shares ISA and purchase some S&P500. It's the top 500 companies in the US and is generally the safest investment whilst still returning decent results, and outperforming any of these savings accounts.

Careful tho, it's a slippery slope. Before you know it you'll be scrounging around the back of the sofa for any spare change to add to it!

Need to access it in Jan to pay my tax bill. :cry:

beachBOYken · Tuesday at 12:32

Diddums said:
If you fancy it, stick it in their stocks and shares ISA and purchase some S&P500. It's the top 500 companies in the US and is generally the safest investment whilst still returning decent results, and outperforming any of these savings accounts.

Careful tho, it's a slippery slope. Before you know it you'll be scrounging around the back of the sofa for any spare change to add to it!

I presume this has risk to it, but does this account apply to your isa allowance for the tax year?
I see ISA in the name and presume it may do.

Diddums · Tuesday at 12:33

bloodiedathame said:
Need to access it in Jan to pay my tax bill.

Takes less than a week to withdraw and sell. Could do it same-day if you really wanted to and time it right.