Earn high interest on your uninvested cash in 2024!
The new rates apply from the 11th of January:
EUR - 4.00%
USD - 5.00%
GBP - 4.50%
PLN - 3.75%
CZK - 2.50%
RON - 3.00%
HUF - 6.00%
Interest is paid daily.
No lock-in, withdraw anytime.
Enable or disable with a single tap.
Very interesting! Congrats!! 
What is the vehicle that enable these rates?
Plain-vanilla bank accounts or money market funds/ETFs or other? And where is their country of domicilie? (I’m asking these questions due to tax reasons.)
We’re glad you like the news, @RLX 
The engine behind the higher interest rates is a mixture of products and vehicles such as qualifying money market funds, current accounts and time deposits.
There will be more instructions on the specs of those interest rates (e.g. FAQ/Help page(s) and/or “terms”), explaining which type of vehicle/instrument and their domicile behind each currency?
In some countries, the tax authorities demand that we specify the type of instrument and their domicile. We can’t avoid the tax inquisition.
I prefer and imagine other investors too, to understand the tax implications before investing, to avoid potential headaches.
Btw, the T212 will continue withhold tax of 20%?
Are the presented interest rates base or APY?
I do understand how this information is important in the described scenario. I’ll check this further and get back to you once I have more on the topic.
No, the 20% tax on interest will no longer apply starting from January 1st, 2024.
The interest rates presented are APY. Also, welcome to the Community, @lrcf
This IS Awesome! 
Is the 4.5% (UK) available on the ISA Account univested cash, as well as the Invest account?
Yes, the interest for uninvested GBP will be the same on both Invest & ISA 
I’m connecting on 01/01/2024.
But the rates still seem to be the previous percentages.
Or did I miss something ?
Yeah. They don’t change until the 11th.
A couple of questions that I am hoping you can help with.
Is this a qualified money market fund bubble wrapped product? i.e. is this an investment product rather than ‘bank interest’?
What protection is offered? I know T212 offer various protections but if this money is in a money market fund - is capital at risk?
Thanks.
Welcome to the Community @wigguslong!
This feature includes a mixture of products and vehicles such as qualifying money market funds, time deposits and current accounts.
QMMFs are an investment. QMMFs are also required by regulation to maintain a low-risk strategy by investing in government bonds, for example. They meet certain regulations that allow them to be considered as cash equivalents.
Starting from January 1st, the 20% withholding tax on interest will no longer apply. Any tax deducted in the fourth quarter of 2023 will be refunded to clients.
Could T212 inform the withholding tax refund transaction as such in a separate transaction, for easy identification? 
Hi KrisG,
It is a wonderful move to increase the interest on cash holdings within accounts.
Can I check if the cash is still covered by the governments FSCS £85k scheme if I opt in.
Thanks!
@RLX, the refund will appear as a deposit in the ‘Transactions’ tab. Each currency’s withholding tax is refunded as a separate transaction.
@Bullish-Bear, you can find out more in the article here.
Good news! (You might even say twenty characters worth of good news)
Excellent news for us !