T212 Cash ISA all setup and it was pretty instant to transfer cash into, had to use my desktop as the mobile app just forwarded me to my banking app which didn't know what to do lol, don't care about instant access to the funds, I have a credit card for any emergencies that are beyond my available cash balance.
Best savings account?
- Thread starter Merlin5
- Start date
Caporegime
Wrong thread.
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Man of Honour
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- 21 Nov 2004
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But, but, Apple TV, we want to give our customers what they want
Probably a lot, strange decision.
Underboss
I'm ditching mine
Not paying 60 quid a year just to get intest at 5.12% for 5k balance
Man of Honour
- Joined
- 21 Nov 2004
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- 46,211
Works out at about 3% after the fee.
Underboss
exactly !
Soldato
I received an income tax rebate this morning and as party of the calculations, it included how much interest I made in the 2023/24 tax year. Except it was wildly wrong, being less than 10% of my actual interest accrued.
It makes me think that HMRC don't really have a good way of tracking these things.
It makes me think that HMRC don't really have a good way of tracking these things.
Man of Honour
Only if you've got the boost, there were conditions attached to getting it IIRC.
Soldato
If you have a multi year savings account, check that it doesn't pay out at maturity instead of annually.
Soldato
You only have to have less that 50K in chase savings on May 2nd. Otherwise it's open to everyone.
At least 0.0005 million/£500. I didn't keep track of it as I knew I wouldn't reach the £1000 PSA but it was definitely more than £49. I had a first direct regular saver mature which was £136 on it's own, nearly £200 from RBS, over £100 from Chip, over £300 from Santander. Smaller amounts from YBS, Skipton, Tandem etc.
Apart from regular savers, I only use accounts that pay out monthly.
Soldato
Don't really see the point vs chucking it into Cash ISA via T212 at 5.2% or Chase at 5.1%, or ZOPA at 5.08% if they're still doing it.
Only matters if you have so much in cash that you're exceeding the £75K protection in one place, but in that scenario you should probably also have more cash in other investments anyway.
Only matters if you have so much in cash that you're exceeding the £75K protection in one place, but in that scenario you should probably also have more cash in other investments anyway.
Some or all of you trading 212 may not have fscs 85k protection
Soldato
Cash ISA is fully FSCS protected, probably in all 3 of the providers I mentioned but certainly in T212, ignoring your own potential bank account cash holdings elsewhere anyway.
Uninvested balances in 212 are not always protected.
Is Trading 212's 'Interest on Cash' Protected by FSCS?
Trading 212 are currently offering large interest on unused cash inside your Stocks & Shares ISA or 'Invest' account. This option is called 'Earn interest on...
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Although as said before, if ever there is an issue with UK money market funds its safe to say the world as we know it has ended and FSCS protection will mean nothing.Uninvested balances in 212 are not always protected.
Is Trading 212's 'Interest on Cash' Protected by FSCS?
Trading 212 are currently offering large interest on unused cash inside your Stocks & Shares ISA or 'Invest' account. This option is called 'Earn interest on...