Support Cash Pies

💡 Feature suggestions & ideas
1

Especially now T212 are offering 5% interest on GBP, I am interested in moving one of my savings accounts over to T212, however before I would do this I’d want an easy way to segregate my investment funds from my general savings.

The best way I can think of doing this is allowing a cash pie to be created, where either a full pie or part of a pie is designated as just cash. This cash would earn interest and would not be invested in any particular instrument.

If this, or a feature with a similar effect were implemented you can bet on me moving funds over.

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2

Yes, together with Flexible ISA, so would I.

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3

With the introduction of the 212 Debit Card, we’ll also introduce a feature that will allow you to segregate funds into different pots. I think that matches what you have suggested as a feature, but let me know if you have any additional suggestions so I can forward them to the team :raised_hands:

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4

That’s good to hear, will it include the ability to segregate free funds into different pots within an ISA account too?

5

Sorry for the delayed response. The pot segregation I mentioned is related to the card linked to the Invest account. We’ll check whether segregating the funds in your ISA account into two can be done in the future.

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6

When should we expect this feature to be rolled out? Now that you have the debit card with 1.5% cashback as well as 5.2% interest on uninvested cash, I’m wanting to use my T212 GIA account for a multiple purposes, but makes it difficult to keep track of things when everything is combined into one pot.

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7

There’s no ETA that I can provide for the moment on this, but I’ll let you know once there’s an update :pray:

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8

Any update on supporting cash pies, or cash within a broader pie?

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9

There aren’t any updates at the moment.

10

It would be good if something could be done with regards to this, especially in view of the disappointing decision on the part of T212 to reduce the Cash ISA interest to 4.35%!

11

We appreciate your input, but there are no new developments at the moment. If we’re able to introduce something similar for the ISA, we’ll make sure everyone is kept in the loop.

12

You could create pies that hold money market funds instead.

Or you could invest cash in a pie out of market hours then cancel the order, so it never gets invested.

I think I’m right in saying the interest would accumulate outside the pie though.

Neither option’s ideal but it may offer a workaround for some people.

13

Brilliant! Thank you so much, this has worked perfectly! I have a lump sum that I’ve been keeping in the Cash ISA which is eventually for a property lease extension so I only need it to sit somewhere. Doesn’t matter if the interest goes outside the pie, more to invest!

One idea that had come to me was to set a limit order for VWRL with a max price of £1 and just let it sit there, but this is so much better.

(For anyone else reading, I’m aware there’s slightly more risk to the cash sitting here than in a Cash ISA but I think the risk ought to be minimal).