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Paid daily. No minimums or limits.
Withdraw anytime.

If you enable interest, we will hold your cash in qualifying money market funds and banks. Otherwise, we will hold it only in banks. Interest applies on cash in an investment account. Terms apply. When investing, your capital is at risk.

Simple terms

No balance limits

Earn interest on your entire uninvested cash balance, big or small. One rate for all.

No withdrawal restrictions

Your cash is always free to use. Withdraw or invest it at any time without an impact on your interest rates and without any penalty fees.

You get paid daily

Your interest is paid daily, maximising your earnings

Earn interest in 0 global currencies

Deposit, invest, and hold cash in multiple currencies within a single account. Convert with just 0.15% FX fee.

Learn more

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You are in control

Stay on top of your earnings and get real-time info about current interest rates.

Enable or disable interest on cash anytime.

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All stats are global. The clients figure refers to lifetime funded accounts.

Excellent

Rated 4.6 / 5 based on 106,080 reviews on

Trustpilot

Rated 4.6 / 5 based on 106,080 reviews on

Trustpilot

Invited

Awesome service and app

Awesome service and app. Well done guys :)

Alan

Yesterday

Invited

Everything is just so easy to use

Everything is just so easy to use. You can see at a glance how everything is doing.

Miss MacLeod

Yesterday

Invited

Just a great platform user friendly 0…

Just a great platform user friendly 0 commissions with the pie attachment whats not to like choosing 212 compared to other platforms is literally a no brainer

Mr Martin Mayne

Yesterday

Invited

Great app easy to move money in/out…

Great app easy to move money in and out. Good to see how much interest you are making.

Darren

Yesterday

Invited

Easy to use and intuitive

Easy to use and great dashboard to see what’s going on. Moved my stocks and shares ISA from Barclays and not looked back.

James Porritt

Yesterday

Invited

Easy to use app

Easy to use app, simple processes, good rate of return and regular updates on interest earned.

Anne W

Yesterday

Invited

Quick and easy

I found that it was quick and easy to open an account; transfer funds in and out, best of all, to sit back and watch the monies increase. I would recommend Trading 212

NordVPN Customer

Yesterday

Invited

App is easy to use

The savings product i have has a good rate of return and I get daily updates. App is really easy to use

James

Yesterday

Invited

212 has been a good discovery 6 years ago

212 has been a good discovery. Excellent platform for investment, secure and user friendly. Very good interest rate and good ISA

Miss Cinzia Porcedda

Yesterday

Invited

Love it

Love it. Simple for a complete beginner to navigate. Perfect!

Gizmocrystal

Yesterday

Invited

The best app around

The best app around, so easy to use and navigate… makes investing easy.

Hayden Smith

Yesterday

Invited

Easy access to transfer money.

Easy access to transfer money. Daily updates regarding interest.

Patricia Campbell

Yesterday

Invited

Great platform

Great platform, easy to navigate and buy/sell. Good statements are available.

Catherine Sherry From Scotland

Yesterday

Invited

Trading 212 is very transparent

Trading 212 is very transparent, open and clear with their activities. No outrageous deductions or charges. I recommend it for everyone interested in investment

Ikutegbe Oghenetega

Yesterday

Invited

Good and efficient

Good and easy to use with lots of products and investment options

Kareem

Yesterday

Invited

Really good once you understand

Really good after you "invest" time in learning how everything works. Love how it makes you take a test to understand. So that you are not that naive to trading

Mr birch

Yesterday

Fantastic app & UI

Trading 212 is my favourite trading app. The UI is very smooth, you can get detailed insights and everything is laid out simply to see your positions and profit/loss. Furthermore, they have a 24/7 support to help with anything and they release earnings reports quickly and informatively. I would reccomend using it whether you’re experienced or a beginner!

Yagiz E

2 days ago

Invited

Excellent choice of broker

Great features and nonexistant fees. What else could you possibly ask for?

Aarn

2 days ago

Invited

The Trading &Information Hub of Choice

I’ve been using trading platforms such as 212 for a number of years and whilst I have tried others, I always come back to T212. It’s much more than just a trading platform and what it does, it does so well. Deposits and withdrawals are very quick and efficient, which is as pleasing as it is reassuring. Nothing seems to take very long at all. As an information hub is really where 212 scores and the amount of free information available is off the scale. I really appreciate the work they put into making this easy to access. I would certainly recommend anyone starting out to give 212 a go but be warned, you may find it quite hard to leave as you will probably always want to return.

Andrew Luck

2 days ago

Invited

GREAT APP

GREAT APP SUPER EASY TO USE HAVE USED IT FOR A YEAR AND HAVE ABSOLUTELY NO COMPLAINTS SO FAR

T H MR T

4 days ago

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Frequently asked questions

What is uninvested cash?

Uninvested cash is any cash that you have not invested in instruments like stocks and ETFs. Uninvested cash is held in banks and QMMFs. Learn more about QMMFs below.

How does it work?

Enable interest on cash and start receiving daily interest on the cash in your account.

Which account types are eligible for interest?

All accounts are eligible for interest.

What are the current interest rates?

In the app, tap on 'Earn Interest on cash', and you will find the current interest rates. You can also see our terms and fees.

Are there any min or max balance requirements to earn interest?

There are no minimum or maximum balances requirements.

How do I enable the interest?

Login to your account, tap on 'Earn Interest on cash', follow the instructions and tap the 'Enable' button. You'll need to consent to having your cash held in qualifying money market funds (QMMFs).

What if I don't want to earn interest?

You can disable at any time via the 'Interest on cash' dashboard in your app.

How does Trading 212 hold my cash to earn this interest?

As we’re not a bank, we use a mixture of products and vehicles such as qualifying money market funds, time deposits, and current accounts. This is why it’s mandatory to accept QMMFs to receive interest.
You can see how your cash is held at any time from your interest on cash dashboard. This data’s updated once per day at midnight and is based on your settled cash balance. Learn more about settled cash balances here.

What's a qualifying money market fund (QMMF)?

A qualifying money market fund holds mainly short-term, low-risk financial assets, aiming to maintain a stable value. These funds are designed to be low-risk places to keep your cash while earning a bit of interest, and they're often used for the cash portion of retirement or investment accounts. They're called "qualifying" because they meet certain regulations that allow them to be considered as cash equivalents.

Who uses QMMFs?

Pension funds, insurance funds, banks, and other major financial institutions.

These institutions typically use QMMFs to hold large amounts of money. Over €1 trillion is held in QMMFs in Europe and over $6 trillion in the USA as of January 2024.

How is the daily interest payment calculated?

Daily interest payments are calculated using the industry standard AER formula:

(1+r/n)^n - 1, where
  • r = interest rate
  • n = compounding frequency (365.25 days)

We use 365.25 days to account for leap years.
Example
USD AER = 5%
USD cash balance = $1,000
  • Daily payment (DP) = Cash balance * [(1 + AER) ^ 1/365.25 - 1]
  • DP = $1,000 * [(1 + 0.05) ^ 1/365.25 - 1]
  • DP = $1,000 * (1.05 ^ 1/365.25 - 1)
    • 365.25th root of 1.05 = 1.00013358
  • DP = $1,000 * (1.00013358 - 1)
  • DP = $1,000 * 0.00013358
  • DP = $0.13358

How often do I get interest?

Interest payments are made daily, rounded down to the nearest cent. Amounts below 0.01 are carried forward.
If the daily interest falls below a 0.01, it will accrue until reaching a 0.01 or more, at which point it will be paid.

Do I have to pay taxes on the earned interest?

This depends on your tax residency and the type of account you hold with us. This is not personal tax advice and in case of doubt, you should contact a tax advisor or the relevant tax authorities. In summary:
  • If you are an ISA account holder, your interest does not suffer any withholding tax and you do not owe any additional tax.
  • If you are a UK tax resident, and depending on your personal circumstances, you may need to pay tax (via your personal tax return) or may be eligible for a refund of tax. You will need to contact HMRC directly with any specific taxation questions as we are unable to offer personal tax advice.
  • If you are a non-UK tax resident, and depending on your personal circumstances, you may need to pay additional tax, while your ability to receive a refund will depend on whether there is a double taxation treaty between the UK and your country of residency. In both cases, you should contact the relevant tax authorities with any queries.

Which currencies earn interest?

In the app, tap on 'Earn Interest on cash' and you'll find which currencies earn interest. You can also find them on our terms and fees page.

What happens if I don't opt in for the higher interest?

If your account's opened prior to 11.12.2023, you will continue receiving interest until 12.02.2024. If you want to receive interest after this date, you'll need to enable it manually from the dashboard.

Is my money still protected?

Where we hold your money with a bank, you are protected by the FSCS up to a limit of £120,000. Learn more about how your money is protected here.

Money placed with a QMMF is treated as an investment and not as money held with a bank. In the unlikely event that the QMMF fails to maintain their low-risk strategy, as with any investment, the protection will not be available. We carefully select all QMMFs to ensure that they are highly liquid, stable in value and maintain their highly regulated status.

Can QMMFs go down in value?

If a QMMF in which your cash is invested in goes down in value, this may affect the value of your uninvested cash held in the QMMF. However, to manage this risk, we select only high-quality QMMFs and we monitor them frequently. Learn more about the risks of QMMFs and how we manage them here.

How much of my money is held in QMMFs?

You can see your cash holdings in QMMFs and banks through the app's interest on cash dashboard, and in the 'Cash in banks' and 'Cash in QMMFs' sections of your account activity and monthly statements.

How often do interest rates change?

Interest rates are based on rates we receive from the banks and QMMFs we hold your cash with. These rates are based on the central banks' rates, like the Bank of England's base rate. If the central bank rate changes, you can expect a change in the interest on cash.