Best savings account?

ShiWarrior · Friday at 22:09

LiE said:
Cash ISA is also 4.9.

yep
sorry i didnt mention the percentage

ChrisD. · 2025-01-04T09:31:47+0000

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

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:

nitr0uk · 2025-01-04T11:20:10+0000

Was a bit hesitant at first but just transferred into Trading 212 Cash ISA.

DHR · 2025-01-04T17:38:48+0000

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.

darkgen · 2025-01-04T17:52:22+0000

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.

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.

DHR · 2025-01-04T17:56:09+0000

Think I'll shift over to T212 - presume its ~~FSA~~ FSCS backed ?

ShiWarrior · 2025-01-04T17:58:54+0000

DHR said:
Think I'll shift over to T212 - presume its FSA backed ?

Trading 212 Cash ISA

www.moneysavingexpert.com

Disco_P · 2025-01-04T18:00:31+0000

DHR said:
Think I'll shift over to T212 - presume its FSA backed ?

I don't think the food standards agency back ISAs.

darkgen · 2025-01-04T18:00:44+0000

ShiWarrior said:
FCS protected

Aye, both are FSCS. Just ensure you limit yourself to 80k per institution for the £85k protection.

e: $=£

DHR · 2025-01-04T18:04:27+0000

Autocorrect I hate you right now :cry:

mattyfez · 2025-01-05T20:02:35+0000

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 · 2025-01-05T20:10:16+0000

The interests is probably a bit in between the penny so it’s round up and round down.

Mercenary Keyboard Warrior · 2025-01-05T20:19:59+0000

Raymond Lin said:
The interests is probably a bit in between the penny so it’s round up and round down.

yes its this.
Its actually calculated to like 6 decimal places. Forget how many exactly but if you click on the transaction it shows you the real amount not rounded.

dlockers · 2025-01-05T20:22:39+0000

Android notifications you can just hold your finger it and ignore...

Mercenary Keyboard Warrior · 2025-01-05T20:24:28+0000

Also FWIW I think its an app message as opposed to a text message

Edit, FWIW2 its an app push and you can disable it
Settings - Notifications - Earned Interest - Disable both In App and push

mattyfez · 2025-01-05T20:27:45+0000

Raymond Lin said:
The interests is probably a bit in between the penny so it’s round up and round down.

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?