I currently hold a lump of cash in a cash ISA with 212 but looking at the shares ISA would I be better putting the cash and holding it as cash in a shares ISA? The interest rate is higher what are the drawbacks? Is there a catch?
Cash in the stocks ISA is not covered by FSCS. It is, held in a variety of very solid institutions and, I understand, has extra protections in place. You can see which institutions in the app. They are called qualifying money market funds (QMMF).