Trading 212 Cash ISA Is HERE! What's The Catch?

The Trading 212 Cash ISA is HERE! The Trading 212 Cash ISA is Trading 212’s latest offering paying 5.2% APY on all deposits. Today I’ll show you how to set up the Cash ISA, the features, benefits and how it links to your Trading 212 Stocks and Shares ISA and your Trading 212 Invest account too.
Recommended Platforms & Tools:
💰 Get Access To The Trading 212 Cash ISA & Get One FREE Share Valued Up To £100 With Trading 212 Use PROMO Code “MITCH”: trading212.com/promocodes/MITCH
📬 Subscribe To The FREE Weekly Market Memo: mitchinvesting.substack.com/
📱Trading 212 ISA Transfer Guide
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📷 Instagram: @mitchinvesting
#Trading212 #Trading212CashISA #Trading212ISA
Disclaimer: Your capital is at risk. Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
*Disclaimer: This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results. Free shares can be fractional. *Terms and fees apply - www.trading212.com/terms/invest.
Disclaimer: All ideas presented within this video are that of my own based on my own opinions. Please do not consider any of these videos as financial advice as I am NOT a financial advisor. All financial decisions and choices made are solely your responsibility. The views shared in this video are just for entertainment purposes only. When investing, your capital is at risk and can go up in value as well as down in value. You should consult a suitably qualified professional when seeking out investment advice in order to fully understand the risks associated with investing.

[@MitchShoesmith]

To get 5.2% Cash ISA and recieve 1 FREE share valued up to £100 click on the following link. You must also have a Trading 212 Invest or Stocks ISA and deposit £1 in order to receive the free share! trading212.com/promocodes/MITCH

[@user-op8fg3ny3j]

Guessing this promo isn't applicable for us with a stock ISA wigb t212 already?

[@MitchShoesmith]

@@user-op8fg3ny3j yeh if you’ve got an account already I don’t think you can get the free share sadly. You could try entering the promo code “MITCH” but it may not work if you’ve had the account a while

[@user-op8fg3ny3j]

@@MitchShoesmith no worries. Great video regardless

[@tyroneholmes6354]

It looked like it wont impact the allowance if the money is in free funds in the stocks isa. But what If I have £5000 already invested in the stocks isa, could I take it out and move it to the cash isa without impacting my allowance?

[@RevelQT]

@@tyroneholmes6354 you can have as many ISA accounts as you like, you are simply limited to the £20K limit across them all.

[@_J4CK4L_]

Great video thanks, keep this up, clear

[@MitchShoesmith]

Thanks mate

[@adamcunningham6746]

Thanks Mitch. Great video as always mate 👍 T212 are really upping the game, love the new Cash ISA 😎

[@MitchShoesmith]

Thanks Adam, yeh they really are! Great all round products.

[@Danny-npgbp]

Unfortunately when you try to withdraw back to your bank account, it takes 3 business days, so unlike your savings account at your bank, you can’t withdraw in an emergency. Just be aware of this.

[@MitchShoesmith]

Super important point!

[@mpersard]

Very helpful Mitch. 👌👏👏 I have opened my cash isa. Loving the T212 app. Can we buy shares in that company?

[@MitchShoesmith]

Thanks!! In T212? Unfortunately not as they’re not publicly listed

[@natelegancecarnival]

You did it again with the Ainsley Harriott meme i cant stop laughing 😂😂 .Thanks for the update on the cash ISA ive already starting saving in there that rate is good im sure it wont last so long when everyone jumps on it 👀

[@MitchShoesmith]

It never gets old 😂 yeah I hope they keep it as is, at the moment they’re doing a great job from a product offering perspective!

[@davidjones4130]

My money don't hang around long enough . Investment into long term etfs ASAP

[@billB101]

Shifted my savings over from Chip yesterday, great option really. So easy to setup too.

[@MitchShoesmith]

Yeah I’ll be doing the same and then just transfer over to my stocks ISA when I need to invest

[@johndocherty5577]

Hi Mitch, great video. Do you know if it’s possible to set up regular monthly payments to cash isa? Can’t seem to find how to do it. Many thanks

[@MitchShoesmith]

Thanks John, I don’t believe so, I haven’t been able to find how to do it either! I bet it’ll be a feature they add.

[@devmehta10]

Great video as always mate. 😊 So before T212 announced their new Cash ISA and Flexible rules I've kept my emergency fund in my ISA S&S as uninvested cash. Do you think it now makes sense to just keep this emergency cash in the Cash ISA as opposed to keeping it uninvested in the S&S ISA. I am aware I get the FCA protection in the Cash ISA too. Interested to hear your thoughts? Cheers 😊

[@dannnyb]

Yes, the "uninvested cash" is not protected by fscs if you have the "earn daily interest" turned on within the s&s isa, so the cash isa is basically offering the same 5.2% but it IS protected by fscs, no brainer in my opinion!

[@devmehta10]

​@@dannnybthanks for the reply I really appreciate it. That makes sense to me. Cheers

[@kngkrmson2179]

So in England a total of £20.000 of your private assets is free of taxes?

[@bristolrovers6911]

Great video mitch! I moved my free funds from uninvested cash in the stocks Isa to the new cash Isa, same rate but worth that extra protection!

[@MitchShoesmith]

Yeah for sure, I’ll be using it for the exact same reason

[@13enny96]

The free funds in the stocks isa earns 5.2% aswell so what is the point in moving it over?

[@MitchShoesmith]

@@13enny96 in the Stocks ISA the free funds are not protected by the FSCS because they can be invested in a money market fund, whereas your Cash ISA is protected by the FSCS. Same interest rate, just lower risk.

[@roselleramas5184]

Will the interest paid daily also earn 5.2% interest after.

[@callumrees2626]

Hi great video, would leaving my emergency fund in cash isa be ideal as I’m currently just leaving my emergency fund in a saving account?

[@MitchShoesmith]

Hey, yeah it would, especially one that doesn’t tie your money up for a fixed period and is “flexible” so you can withdraw at any time.

[@manikkalra1755]

Thanks Mitch for the great video! A quick question, is cash ISA also protected by FSCS or it is only share ISA. I’m not able to find that info even checked on FSCS site. Thanks!

[@MitchShoesmith]

Hey, yes the cash ISA is protected by the FSCS, I mentioned this in the video

[@jamesleggett539]

I was under the impression that once you accept interest from the cash ISA, you actually FORFEIT the FSCS protection, as they potentially can rehypothocate those funds and use them to generate yield, so there IS a slight risk to your funds?

[@nax1807]

any news on a lifetime ISA from T212? would be ideal if you had both the stocks and cash isa and wanted to convert one into a lifetime, or better yet, be able to open a new one entirely.

[@MitchShoesmith]

Yeah as far as i've been told they're not working on a Lifetime ISA at the moment, next is the SIPP which is being launched this summer.

[@stefanbeattie3523]

Quick question for you (firstly watched you for about 6months now and used your link to get us both a free share, thanks ☺️) Secondly, my question; The Cash ISA is Fscs protect like you mention upto 85k. However is the Free fund money in my invest account Fscs protected? Not sure as it’s in a mmf when we check the box to earn 5.2% on our Invest USA account. Currently i have 15k invested, and 25k in free funds earning 5.2% daily. Is that Fscs protected there? Thanks in advance

[@MitchShoesmith]

Hey Stefan! Thanks for the support! Yeah so the stocks ISA isn’t protected because of that MMF but the cash ISA is protected by the FSCS up to 85k. Both are flexible so you can freely move money in between the accounts without it affecting your allowance ☺️

[@rajcaussy4588]

Hi Mitch, What happens at the end of the financial year with an ISA ? Do I have to withdraw my money or can I leave it in the stocks and shares for 10 years.

[@MitchShoesmith]

Hey, you can just leave it and add to it the following year

[@hitenpokar163]

Entered the promo code, but cant get the cash isa because the code is only valid if the account was opened within the last 10 days. I am assuming i cant get the cash isa then? I cant see the cash isa when i log in either

[@MitchShoesmith]

Hey, if you’ve got an existing T212 and have had it for longer than 10 days then you won’t be able to claim the free share. If you update the app you should have an option to open the Cash ISA account in app though

[@thomasmackrell2608]

Iv signed up with your link mate how do I know if I got my free share ? Thanks for the video

[@MitchShoesmith]

Hey, thanks! It’ll hit your account as soon as the market opens, just make sure you deposit at least £1 to activate it

[@thomasmackrell2608]

@@MitchShoesmith thank you man think Iv figured it out

[@stuat62]

Can you transfer an ISA from another year and a different provider. thanks, Stu

[@MitchShoesmith]

Hey Stu, yes you can, once you open the app you have an option to transfer an ISA from another provider from the current or previous tax years

[@louiscook5921]

Great video! Quick question.. would removing money from the cash ISA prevent you from maximising your £20,000 allowance? E.G Once you have deposited money within the ISA, would it count towards your annual allowance - even if you withdraw it within the same year?

[@MitchShoesmith]

Thanks Louis, no, T212 ISA’s (stocks & cash) are flexible so you can freely move money across the accounts without it “double counting” your deposits.

[@MitchShoesmith]

This is also the case for withdrawals too! They only count your “net deposits”

[@tyroneholmes6354]

Oh so its OK to invest in a stock, withdraw it, then move it to the cash isa, and it would have only impacted your allowance once?!

[@robertpearce7795]

​@@tyroneholmes6354 - Yes.

[@tyroneholmes6354]

It looked like it wont impact the allowance if the money is in free funds in the stocks isa. But what If I have £5000 already invested in the stocks isa, could I take it out and move it to the cash isa without impacting my allowance?

[@MitchShoesmith]

Yeah as long as it all sits in T212, they’re deemed as flexible ISAs so you can move money between them without effecting your allowance. T212 only account for your “net deposits” towards your allowance 👌🏼

[@Ehtizan-Editor-002]

Hey Mitch, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

[@obscvre]

I have a question, I'm currently already using a T212 stock ISA which I deposit quite a lot in it, and any uninvested cash also generates interest, so how is this uninvested cash any different from the cash in the cash ISA then? Can I keep it simple and just use the stock ISA as a cash ISA in this way?

[@obscvre]

Also for all the interests added to the account can they be withdrawn as well?

[@MitchShoesmith]

The uninvested cash in your Stocks ISA can be invested in a qualifying money market fund, as such its not protected by the FSCS, whereas your Cash ISA isn’t invested, so it is protected by the FSCS up to £85,000. All interest can be withdrawn once received, withdrawals usually take up to 3 business days.

[@rafa9220]

Uninvested money in stock ISA is unprotected in case t212 goes bust. Money in cash ISA is protected.

[@dreaganmain1281]

What’s the difference between using the cash isa or just getting 5.2% interest on free cash on the app?

[@MitchShoesmith]

Interest in the Cash ISA is protected by the FSCS up to £85k, interest on uninvested cash in your Stocks ISA isn’t protected as the money can be invested in a qualifying money market fund which isn’t classified as “cash” so its unprotected.

[@qasimzafars7371]

So even tho I have opened my stocks and shares ISA this year. Can I still open my CASH isa with T212 this year?

[@billB101]

Yes, it just becomes a part of your £20K allowance.

[@MitchShoesmith]

Yeah you can, that’s what I’ve done ☺️

[@carolynsolomon-pryce6493]

Can I transfer an existing cash ISA without it affecting my 20k allowance?

[@MDRashid0509]

​@@carolynsolomon-pryce6493yes

[@newby2620]

What’s the difference from keeping cash in the Stocks and Shares ISA account? They’re both same % growth?

[@bristolrovers6911]

Stocks and shares is in QMIM and not fcfc

[@MitchShoesmith]

Great Q! Your Stocks ISA is not protected by the FSCS because the free funds could be invested in a QMMF, however in the Cash ISA it is protected by the FSCS so you have protection up to £85k.

[@tomroberts3851]

Basically, it's a no brainer to move any cash over from the S&S ISA to your cash ISA

[@user-op8fg3ny3j]

@@tomroberts3851 yyh, its really easy

[@ryandavis5101]

Is there a difference between the money sat in the cash isa and the money sat not in shares in the stocks and shares isa, because that says it earns 5.2% aswell

[@MitchShoesmith]

Cash ISA is protected under FSCS, whereas free funds in uninvested cash isn’t as it can be invested in a qualifying money market fund

[@deadlygoldfish1416]

Surely with the current cash back of 1% for deposits in invest ISA, you should put money in invest, get the 1% in to your invest non isa account then move the cash from invest isa to cash isa? Win win?

[@MitchShoesmith]

Yeah sounds sensible enough to me to maximise your interest!!

[@montyloads]

Would you still get the 1% or would it be removed? I thought I see some rule that thd money had to remain in there for a certain period (1 year i think)... if you move it out of the stocks isa over to the cash i presume they will remove the 1% gifted to you

[@Felikios]

The cashback has to stay for the year. They say nothing about deposit money that produced the cashback. Thats what I am going to do

[@montyloads]

@@Felikiosim not going to say your wrong because I havent got the time to read the terms and conditions again but if that is the case like you say you could put the deposit money in get the 1% which you leave in there for the year and transfer the deposit to another provider all together... I would have thought they would have safe guarded from that

[@Felikios]

@montyloads I agree with what you say. Makes sense. They say you will get 1% of your net deposits. So if you put in 1000 then withdraw then back in you do not get more. They do not say what happens if you withdraw. And they give the deposit straight away. They might take it back and of the year if you have taken the money out but is not mentioned. It might be worth it for them to create traffic. I got 50 pounds in free shares that they were happy to give. So might be their ads strategy. I will try it. Expect nothing. See what happens April 2025 :)

[@Vinyl-Sloth]

Can t see it on my app and it’s up to date?

[@MitchShoesmith]

Are you based in the UK?

[@Vinyl-Sloth]

@@MitchShoesmith yes I uninstalled app and reinstalled works fine now

[@leonf1440]

Hi ive opened this ISA but im not earning any daily interest on it? Do i need to do something to change this?

[@MitchShoesmith]

Hey, is it definitely the cash ISA, that should pay interest automatically. If you’ve opened a stocks ISA, click on the three dashes at the bottom right, then click into the earn interest on cash option and you can activate it

[@richwalker659]

watched the full video, so what was the catch> as per title of video

[@A.mcg.]

There isn't one :)

[@deantalksfootball]

What if I withdraw money out under next years tax code and then deposit it back in will that impact upon my allowance ?

[@David-bi6lf]

Yes that will use some of the new yearly allowance. Some ISAs are flexible and allow you take out and put money back in without using allowance, but only within the same tax year.

[@deantalksfootball]

@@David-bi6lf okay, so you can only really take out in the same tax year but it has to total 85k in that tax year and once you've hit that amount within the same tax year, remind what is it that happens ? You can't take out but can add ? Or you can but it's just not covered by FSCA?

[@lostinthoughtscalminsilenc8167]

So if I invested 100£ every month I’d get the interest added to that 100£? Does that happen once a month?

[@iniester6724]

Everyday for the balance you have on account 😊

[@dennislu4008]

Will the interest be compounded after 1 year? For example if I put £10,000 in the cash ISA without making any withdrawal, will I get 5.2% interest on £10,520 after 1 year ? Thanks

[@MitchShoesmith]

That’s correct yes

[@MitchShoesmith]

Assuming rates stay the same of course!

[@AidanWexford]

Is it similar kind of thing to the interest they pay in the invest account? But just as a separate account

[@MitchShoesmith]

Yes but in your cash ISA it’s protected by the FSCS whereas in your stocks ISA it isn’t

[@rob-s9482]

Ive been adding cash to my stocks isa and still getting the 5.2%. should i be putting it into the cash isa instead 🤔 im guessing the cash isa comes with that safty net of upto 85k

[@MitchShoesmith]

Yeah it’s protected in the cash ISA whereas free funds in the stocks ISA isn’t

[@rob-s9482]

@@MitchShoesmith many thanks Mitch. Keep up the good work 👊

[@PSYC0SMIC]

If you had 23k in the Stocks and shares ISA, can you move all of that to the Cash ISA and still have 17k allowance?

[@jamesnightingale9593]

It’s not 100% safe though. It’s in a money market fund. It’s not guaranteed 5.2% your cash could go down as far as I understand it?

[@MitchShoesmith]

@@jamesnightingale9593 hi James, the cash ISA isn’t held in a money market fund and is protected by the FSCS. It’s your free funds in your Stocks & Shares ISA that isn’t protected and can be invested into a QMMF.

[@vineethkumar6169]

Im very new to uk investments...lets say i investerd 1000£ in a year , can i withdraw 1052£ from cash isa including the interest earned after 1 year or just the 1000£ that i invested ?

[@MitchShoesmith]

You can withdraw all of it, your investment plus the interest 👌🏼

[@vineethkumar6169]

@@MitchShoesmith thank you replying so quickly...subscribed for this super quick reply to my question....just one more question....if i withdraw 1000 pound after six months, do i get the interest or just the 1000 that i deposited? Basically want to know if interest gets actually paid if we withdraw before a year of investment....sorry if its a dumb question...im just learning about uk investment...newbie

[@MitchShoesmith]

@@vineethkumar6169 if you’ve got a £1,000 balance, from your deposits + interest, you can withdraw it all, interest included ☺️

[@JuuzaGB]

Have you mentioned that if you opt to gain interest on your money they won't be kept in an bank but invested, and you will lose FSCS protection? So you could potentially lose all the uninvested money if the company were to.go.bust.

[@MitchShoesmith]

This is incorrect, for the Cash ISA it is protected by the FSCS. The free funds in your stocks ISA is what you’re referring too because it’s invested in a QMMF.

[@mohammedali-rh7cq]

How does traidng 212 make money to give you 5.2%?

[@MitchShoesmith]

It’s from the interest rates they receive from banks they hold funds with which are passed on to us

[@modoudrammeh]

It's simpler to use the intrest on free cash, that doesn't effect the isa limit. Isn't it?

[@MitchShoesmith]

The ISA is flexible so you can move money between your Cash ISA and Stocks ISA and it won’t “double count” the deposits.

[@UndisturbedMonk]

The only problem is that the withdrawals are not instant, so you'll be waiting a couple of working days to receive your money back.

[@MitchShoesmith]

Yeah I believe it’s up to 3 business days - worth bearing in mind!

[@justdoit2717]

How are they able to give 5.2 % ? How are they making money of it? Now The current Bank of England base rate is 5.25%, what if this rate goes to 3 %? Thank you

[@lawrencer25]

its not a fixedv rate . If bank of England goes down , so does intrest rate on savings and mortages

[@MitchShoesmith]

It’s a really good question, I understand it from a traditional banking perspective that Banks lend at a higher rate than they pay to savers which is their net interest margin (profit). Banks can even borrow from the BoE at base rate, then lend that money out to borrowers at a higher rate and profit off that too. However with T212 not having a lending arm like a Bank and just providing a savings rate, I can’t say I’m entirely sure! Let me reach out to them and I’ll come back to you.

[@MitchShoesmith]

On your point around if Base Rate drops to say 3%, then the cash ISA rate I imagine will drop, in line with all other savings products on the market too.

[@contactjd]

​@@MitchShoesmithI haven't read their terms yet but it should state how much notice they will give before dropping the rate

[@MitchShoesmith]

@@contactjd it says in the terms they will give at least 1 days notice before reducing the rates

[@nepsboys0075]

Someone told me I can open more than two ISAs. Is this true?

[@MitchShoesmith]

It is correct yes

[@lostinthoughtscalminsilenc8167]

I thought stocks and shares isas you have your money protected if T2 went bust? Up to 85k on profits and deposits

[@nickaskham3055]

It will protect your money of the platform goes bust not if your investments go down

[@lostinthoughtscalminsilenc8167]

@@nickaskham3055 does it protect up to 85k in profits and what ever you invested? Do cash isas basically guarantee 5% interest? Why would someone use some of isa allowance when some banks do savings accounts at same interest? Thanks

[@tomroberts3851]

Thanks Mitch, One key thing that isn't widely shared by T212 is your cash in a stocks and shares ISA is invested into the money markets, these can go down eg in 2008. While your shares are FSCS protected in a S&S ISA up to 85k, invested cash in QMFFs is at risk (albeit a low risk) if QMFFs drop in value. Therefore, I've concluded it is much better to move any cash from a S&S ISA into the Cash ISA, this money is not invested into QMFFs and is, therefore, far safer AND FSCS protected 👌 hope that makes sense! Just moved 15k over 😉

[@MitchShoesmith]

Totally agree with your thinking Tom, definitely something to consider! I’ll be moving free funds into the Cash ISA then when it’s the time of the month to invest I’ll move the funds out the cash ISA and into the Stocks ISA 👌🏼

[@tomroberts3851]

@@MitchShoesmith I keep my 6 month emergency fund in T212 now too, but it was saved in QMFFs previously, I only realised how risky that was last week 😫 I appreciate chances of loss is low but it's not zero

[@nax1807]

the current 5.2% APY on GBP you get in the T212 CAsh ISA isn't going to stay at that rate forever, this is governed by the bank of England and will almost certainly reduce below the rate you'd get in a QMMF. people use QMMF to get better rates on cash savings as opposed to what banks traditionally offered, we are just living in a period of high interest but this will gradually ease.

[@tomroberts3851]

​@@nax1807true but why take the risk before the BoE tapers rates? 😊

[@nax1807]

@@tomroberts3851 i am obvs referring to when the BoE base rate drops, which will cascade over to interest rates elsewhere, before that you would be better off holding savings in cash if the interest is like for like, it's your money do what you like

[@abusalem411]

Ok what is the catch? I missed that part or isn’t there?

[@MitchShoesmith]

Yeh there isn’t one, it literally is a 5.2% cash ISA, best on the market…

[@abusalem411]

@@MitchShoesmith gotcha’ thx

[@cheesyandy1]

The catch is that currently 'due to high demand' you can't transfer in from another Cash ISA.

[@snubbii9276]

Interesting lost but need to really hammer home that these professions only the very few and select make it to >100k. That's why only the top 1 or 2% earn that (need to check the latest stats). No pont mentioning the US Jon market which can be twice or far greater than UK sakaries

[@lostinthoughtscalminsilenc8167]

Why would someone use a cash isa at 5.5% interest and use up a portion of their 20k allowance? When they go get another savings account at similar interest rates without using some of the 20k isa?

[@nickaskham3055]

Because they may have exceeded their personal savings allowance and would have to pay tax on savings interest. You can earn tax free interest of £1000 for basic rate tax payers and £500 for higher rate tax payers. If you exceed this then an ISA is of value to you.

[@lostinthoughtscalminsilenc8167]

@@nickaskham3055 great info Thanks ok

[@lpgmorton]

Are you sure they *pay* you interest each day? Has your balance gone up? I imagine they just *calculate* it each day, like most banks.

[@MitchShoesmith]

Yeah it actually gets added to your balance each day, from the £5K I added for the video it’s now on £5,001.38

[@lpgmorton]

@@MitchShoesmith I see. That's unusual. I wonder if they actually pay interest on the interest. If they did, you'd expect more than £1,040 on £20,000 after one year. As an aside, the term APY confused me - but it seems to be the US equivalent of AER.

[@MitchShoesmith]

@@lpgmorton no I think it must calculate monthly but is paid daily, otherwise the compound effect would take over pretty quickly and we'd all be millionaires! :D

[@obscvre]

@@lpgmorton I think what they do is they calculate the interest on your initial deposit only, so basically you'll get a fixed amount of interest but paid to you on a daily basis. That being said though, I've noticed that any money you withdraw or invest into the stock market will also decrease the daily interest you receive.

[@lpgmorton]

@@obscvre So it looks like they calculate interest each day, as normal, but, unusually, add it to your balance. But they keep a separate balance, one that records your own payments in and payments out, and use that balance to calculate interest each day.

[@AzzieTheGamerr]

im making 8 with my bank so 5.2 is weak

[@MitchShoesmith]

8% interest? With what bank?

[@AzzieTheGamerr]

Nationwide. Its because I been with them for a while

[@MitchShoesmith]

@@AzzieTheGamerr I haven’t seen any account offering 8% interest

[@MitchShoesmith]

Ah just seen it, 8% on £200 a month deposit

[@AzzieTheGamerr]

@@MitchShoesmith mines 500 monthly due to being with them for so long

[@mhoward181]

Funny cos a basic rate tax payer can earn upto 20k in a normal Bank account without exceeding their allowance of £1000 a year. Assuming an interest rate of 5% of course. But if u use an ISA u don’t pay interest but ur capped at saving 20k a year anyway lol. You may argue that a higher rate tax payer will benefit as they only get £500 a year before tax but I’d argue that that’s pointless because they should in that care put Their money in a SIPP and get 40% tax contribution on top. Making the ISA useless.

[@samscott4746]

I will never put my money with any of them companies. Such a bigger scam by time And yes Here we go Sam bank man Sorry guys for the mistake

[@MitchShoesmith]

no idea how you draw a conclusion on a crypto scam to a company who is regulated by the FCA, and regulated across Europe and held to the same CASS rules as the Banks you do hold your money with.

[@lostinthoughtscalminsilenc8167]

You do realise when you use this account you aren’t covered if company goes bust

[@MitchShoesmith]

That’s incorrect, you’re covered by the FSCS.