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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 104,131 reviews on

Trustpilot

Rated 4.6 / 5 based on 104,131 reviews on

Trustpilot

Invited

I feel like my finances are very safe…

I feel like my finances are very safe and that Trading 212 gives a lot of opportunities to earn money even when if you do not invest in stocks.

Arthur Duval

Yesterday

Invited

The best platform I have used

The best platform I have used. By far the most cost effective, Trading 212 also makes investing easy, whilst offering everything you need to ensure you have the best chance to grow your money.

CJS

Yesterday

Invited

Great app with lots of flexibility to…

Great app with lots of flexibility to cover your financial requirements....

Mark Gammie

Yesterday

Invited

Easy to set up and use.

Very easy to set up an account online. Easy to navigate once in the app. Lots of interesting information on there too. Already recommended it to family members.

Mrs Angela M

Yesterday

Invited

Exellent service and immediate replies…

Exellent service and immediate replies to my questions.Just joined but shocked by the exellent service Iv received amazing company you wont be dissapointed

Maureen

Yesterday

Invited

Favourable interest rate

Favourable interest rate. Frequent updates on the investment. Easy access to information

Tony Sidonio

Yesterday

Invited

Very quick at paying.if I need some…

Very quick at paying.if I need some funds.up to date every day with interest.and monthly interest.

Stephen Francis

Yesterday

Invited

Safe and secure

Safe and secure; my partner is the one who taught and encouraged me about Trading212; been doing this for the past few years now; some of my friends are also on Trading212 and they trust the company/platform.

Liezle

Yesterday

Invited

I find the platform clear and easy to…

I find the platform clear and easy to use. A novice or seasoned investor could both use this platform. Help on hand should you wish. Throughly enjoy using Trading 212.

donna

2 days ago

Invited

Great all in one S&I platform

Great platform for keeping savings, investments and pensions in one platform with no commission and low fees. Great product.

Charlie

2 days ago

Invited

Easy to use app

Easy to use app, daily updates if you want them. Good rates, although reduced slightly soon after I joined (to below that offered to new customers so watch out for this). Would love to continue to use if remains competitive.

Natasha

2 days ago

Invited

My interest goes up daily and i can see…

My interest goes up daily and i can see it growing. make me save more money.

Tina Sherwood

2 days ago

Invited

Great app

Great app. Easy to navigate. I have not encountered any issues with the app either. Platform Fees are among the lowest out there. Happy so far!

Soundman

2 days ago

Invited

Very flexible place to hold working capital

Super quick transfers makes the cash isa an ideal place to hold working capital

Daniel S

2 days ago

Invited

Simple!

Simple to use and does everything it says on the tin! Excellent.

David Bamber

2 days ago

Invited

Great interest rate and very easy to…

Great interest rate and very easy to lift money when you need to. Very good App to use as well

Tracy mcallister

2 days ago

Invited

The app is very easy to use.

The app is very easy to use.

Thea Campbell

2 days ago

Invited

Intuitive platform

Intuitive platform, good features. Highly recommend.

Ryan Roberts

2 days ago

Invited

Don't have to be an accountant

Nice and easy to follow and you don't have to be a accountant to use it

Kevin

2 days ago

Invited

Simple and really easy to use

Simple and really easy to use Love being able to see the interest learnt daily

Mrs PAULA COVE

2 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.