What is the interest rate for the cash ISA?

🤝 Help
1

It’s not listed anywhere.

Is it the same as the regular cash interest rate?

2

It’s currently 4.9%, but reducing to 4.5% on 01 March.

3

Thanks, I assumed as much.

It would be ideal if it was officially published somewhere though.

4

Try here: https://www.trading212.com/isa?cash-isa=

5

Besides what @IrnBru suggested, you can find the current rates in the app by going to ‘Menu’ → ‘Interest on cash’. You can also check the terms and fees page.

6

Interest on cash doesn’t really translate to ISA interest for me, hence the question.

There should always be a data sheet for a specific financial product.

At the very least, cash ISA interest should be explicitly stated somewhere.

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7

Remember, you only achieve 4.90% interest (soon to be 4.50%) if you leave your cash ISA with T212 for a year. What you’re actually getting per month just now is about 4.78% which on 1st March will be about 4.39%.

8

Do you also know what next weeks lottery numbers are? :upside_down_face:

2 Likes
9

Do withdrawals affect the interest rate?

10

Withdrawals do not affect the interest rate.

1 Like
11

You’re point being what?

12

Well I’m getting 4.9% right now, but if you can forecast future interest rates, perhaps you could apply that to different numbers as well such as those on a lottery ticket?

Just pulling your leg, you won’t know the numbers :upside_down_face:

13

With monthly interest compounding (i.e. interest on interest) the actual monthly interest rate is always lower than the AER. Yes your getting 4.9% after a year but your not getting that monthly.