Trading 212 Cash ISA

High interest on uninvested cash.

5.0

Top Rate

Rate: 5.0% AER

Trustpilot: 4.6/5

Interest Rate

5.0% APY

Variable

Access

Easy

Withdraw any time

Min Deposit

£1

Start small

Protection

FSCS

Up to £85k

Pros

Market-leading interest rate of 5.0%
Daily interest payment
Fully flexible Cash ISA
No fees or lock-in periods

Cons

Rate is variable and tracks base rate
Primarily a trading app interface

Full Verdict

Trading 212 has disrupted the Cash ISA market by offering one of the highest interest rates available, paying 5.0% APY on uninvested cash. Unlike traditional banks, they pay interest daily, which is great for compound growth.

The account is completely flexible, meaning you can withdraw money without penalty and replace it later in the tax year without affecting your allowance. For those looking for the absolute best return on cash with easy access, this is a top choice.

Tax-Free Savings? Yes Please.

What is a Cash ISA?

A Cash ISA is just a savings account where the taxman can't touch the interest. You can put in up to £20,000 each tax year. It's the smartest place to keep your emergency fund or short-term savings.

Fixed vs Variable: "Fixed" means you lock your money away for a year (or more) for a guaranteed rate. "Variable" (or Easy Access) means the rate can change, but you can get your money out whenever you want.

Inflation Risk

Cash ISAs are generally low risk and covered by the FSCS (up to £85k). The main risk is inflation. If the interest rate is lower than inflation, the real buying power of your money will go down over time.