Best savings account?

ShiWarrior said:
Any problems with Trading 212 Cash ISA ?
sounds odd, don't really understand it, ok so its held over 3 banks but its the rest of it
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I put in 20k last month, no issues at all and daily interest (at the moment). Withdrawals can take up to 3 business days though.

I'm waiting for my S&S ISA to move over from Fidelity, I'm in the horrible bit where the funds have left Fidelity and they're not yet in 212. :cry:
 
Will be keeping an eye on this thread, I've been using Chip for the last 18 months or so for the cash ISA, evidently there is better out there still.
 
DHR said:
Will be keeping an eye on this thread, I've been using Chip for the last 18 months or so for the cash ISA, evidently there is better out there still.
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I've split my cash-isa's between T212 and Moneybox, both 4.9%. T212 is completely flexible with unlimited withdrawals and Moneybox allows up to 3 before the rate drops. Both offer daily interest.
 
Anyone find T212 (cash ISA) is irritating when it texts you every day to tell you you've earned a fiver interest? I cant seem to turn it off in the notifications settings in the app...

Also the interest is daily..but check out the ammounts... its quite odd some days are lower, anyone know why, surely evey day should be a timy bit higher with compounding?


 
Raymond Lin said:
The interests is probably a bit in between the penny so it’s round up and round down.
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Thanks - yeah I get that but the amount is never going down, always up so it should alaways be the same (if rounding less then a penny) or higher?

For example on

Jan 1st I got £5.4425584 interest

And Jan 2nd I got £5.4390643 interest... so less than the previous day?
 
mattyfez said:
Thanks - yeah I get that but the amount is never going down, always up so it should alaways be the same (if rounding less then a penny) or higher?

For example on

Jan 1st I got £5.4425584 interest

And Jan 2nd I got £5.4390643 interest... so less than the previous day?
Click to expand...

Your right, its just clearly how they are doing it. Yeah its odd for sure, and could be partly why they are moving to monthly.

Maybe they are calculating at top level then apportioning it down or something odd like that, rather than calculating the correct % for each individual compounded for the remaining days of the year.

Would be interesting to see if everyone followed the same daily ups and downs on consistent balances.
 
Send the 42K to me and I'll make sure you won't be annoyed by a notification telling you that you've been given a free pint every day :cry:
 
Mercenary Keyboard Warrior said:
Your right, its just clearly how they are doing it. Yeah its odd for sure, and could be partly why they are moving to monthly.

Maybe they are calculating at top level then apportioning it down or something odd like that, rather than calculating the correct % for each individual compounded for the remaining days of the year.

Would be interesting to see if everyone followed the same daily ups and downs on consistent balances.
Click to expand...


That's the weird thing - I ported the ISA over from chip, and that was the same (some months less interest than previous month) but monthly paid...

I'm obvioulsy missing something... :confused:


:confused:
 
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