I am considering saving cash in Trading 212 savings.
The interest paid on GBP is 5.1% which is reasonable. On HUF currency it is 7% which is even better.
Can I transfer my GBP cash to HUF and then earn 7% daily interest?
I note that the currency conversion fee is 0.15%. Is there any other charge, cost or float for converting currencies?
Thank you!
Welcome to the Community, @SmartInvest 
Multi-currency is available only in the Invest. As long as you’re using that account, then you can convert, deposit and hold cash in multiple currencies - EUR, USD, HUF, etc.
The applied FX fee will appear when you confirm the conversion. Other than that, there are no extra FX costs.
How can transfer a small amount from my T212 cash isa to my t212 stock isa?
You can move funds between the accounts by tapping on Menu → Manage funds → Move funds. Screenshots can be found in this article.
Thank you for the helpful response.
Can I transfer my GBP cash to HUF and then earn 7% daily interest?
Where is my money stored/saved if it is the HUF currency please?
What are the risks for having my money in HUF?
Anybody know further to the above please?
As a smart investor do you not already know the answers?
Are you seriously planning to convert GBP to HUF to earn 7% daily instead of 5.1%, paying a 0.15% fee each way converting, and being exposed to the currency volatility?
Let’s call it 1.9% difference and for simplicity 0.005% a day so you would earn an extra 0.03% a week, after having paid a 0.15% conversion fee so if the currencies don’t move it would take you 10weeks to break even (conversion in/out fee)
Then in the last week alone it’s gone from roughly 480 to 485 HUF per GBP, so if you did this last week, you could be down 1.03% in the currency movement.
If you have done your research and are happy / understand all the risks, then go for it.
Thank you for your advice. I take note of what you’re saying and it makes sense.
I myself referenced that the HUF currency is on a slide. However, we cannot assume that the HUF will go down relative to GBP over the medium-term in making a determination, unless one is a leading expert on HUF currency fluctuations.