Newbie Cash ISA question

I have recently opened a cash isa using the Trading 212 platform.
It’s good to see the interest building up daily.
My question is a simple one:
Is the interest transferred to me monthly automatically or do I have to withdraw it manually.
TIA

The interest you’re earning is paid daily in your Cash ISA. You can find out more here.

I’m about to transfer into a cash ISA and top up with this year’s allowance. My question is, how long will the rate be held at 5.2%?

It’s a variable rate so very much a finger in the air question.

At a guess it probably says in the T&C that there’s a weeks notice for rate changes, etc.

Right now I don’t think the BOE base rates are due to be reviewed again until the end of August.

2 Likes

Hey, everyone :wave:

The Bank of England cut interest rates from 5.25% to 5% on August 1st. As a result, we’ll reduce the interest we offer for uninvested GBP to 5%, effective September 9th.

The interest rate on all other currencies remains unchanged :raised_hands: