We’ve made an important update to how we calculate interest on amounts in your Cash ISA.
Our interest rate is now linked to the Bank of England (‘BoE’) base rate, enabling us to offer you competitive rates and keeping your savings aligned with market movements.
How do I earn interest on my Cash ISA account?
Our Cash ISA interest rate rises and falls in line with the BoE’s base rate. We have currently set our interest rate at 0.15% below the BoE’s base rate (‘T212 Tracking Rate’). The T212 Tracking Rate is the percentage between the BOE’s base rate and what we decide to offer to you.
💡 Example
If the BoE’s base rate is set at 4.25% and the T212 Tracking Rate is set at 0.15%, your Cash ISA will earn a total of 4.10% AER (Annual Equivalent Rate) each day.
📝 Interest payments are paid monthly. Our interest rate will remain variable and may change whenever the BoE updates its base rate, or when we decide to change the T212 Tracking Rate. See our ISA Terms for more details.
Where can I find Trading 212’s current Cash ISA interest rate?
Our current interest rate is displayed on the home screen of your Cash ISA account (under the ‘Interest Rate’ section).
What is the current Bank of England base rate?
The BoE's current interest rate can be found here, under the section “Current Bank Rate”.
How often does the Bank of England change its interest rate?
The BoE decides what interest rate it will pay every six weeks or so. The BoE’s Monetary Policy Committee sets the interest rate. The next meeting date can be found here. It is important to note that the BoE’s rate doesn’t change each time the BoE’s Monetary Policy Committee meets.
Will I still earn daily interest?
Yes, you’ll continue to:
- Earn daily interest on amounts held in your Cash ISA, and
- Receive interest payments on the third calendar day of each month.
Will I still be able to withdraw and deposit freely?
Yes. Your Cash ISA remains flexible with instant access. You can withdraw and add money at any time.
📝You can withdraw amounts contributed to your Cash ISA in previous tax years at any time without affecting your ISA allowance. If you’d like to withdraw and replace such amounts, you must return them to your Cash ISA in the current tax year.
Will my Cash ISA still be tax-free?
Yes. Your Cash ISA stays tax-free, as long as you stay within the current annual ISA allowance that applies across all ISA accounts (whether held with 212 or another ISA provider).
When will the rate change?
Your Cash ISA rate will be updated immediately after BoE base rate change per our ISA Terms. However, if we increase our margin (currently at minus 0.15%), we will give you 14 days' written notice.