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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 100,886 reviews on

Trustpilot

Rated 4.6 / 5 based on 100,886 reviews on

Trustpilot

Invited

Sipp Trading 212

Very easy to understand lots of insights easy to add funds etc lots of info

val frazer

2 days ago

Invited

App is very user friendly which makes…

App is very user friendly which makes it very easy to use. Also has a good number of stocks and ETFs available.

ANTHONY

2 days ago

Invited

The app is really easy to use and if I…

The app is really easy to use and if I want to withdraw funds it’s in my bank in a few hours.

Josephine McAlonan

2 days ago

Invited

Easy to use

Very user friendly, with constant updates on your investments and more.

SANDRA MAGILL

2 days ago

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I love knowing that my money is growing…

I love knowing that my money is growing so getting regular updates is very useful.

Rosemarie Jenkins

2 days ago

Invited

Easy and effective

It is easy to use and effective for what I need. Customer service always quick to reply with questions.

Ben Oosthuizen

2 days ago

Very good experience so far

Very good experience so far. They are very helpful when you need to resolve issues.

Darragh

2 days ago

Invited

Great interest rates

Great interest rates, simple app that makes sense even to this technophobe! Switching my ISA was a lot more stress free than I anticipated

Chantelle

2 days ago

Invited

Very quick to set up

Very quick to set up. Excellent interest rate. Account is easy to read.

Stephanie Cole

2 days ago

Invited

Highly recommend

Great app. Can't fault it. It has an extremely helpful practice mode which aids learning and building confidence.

Julie Miller

3 days ago

Invited

Doing business is easy

Doing business with Trading212 is so simple. Plus rates are good. Love it!

JT

3 days ago

Invited

Everything is covered in one app

Everything is covered in one app, easy to move easy to get cash in and out.

JONATHAN MURPHY

3 days ago

Invited

Great savings rate

Great savings rate. Easy to pay in and withdraw

Sports Wend

3 days ago

Invited

Fast Withdrawals, Safe Investing

Great app, fast, convenient, safe investments, all necessary tools for trading and responsible trading.

Ennko

3 days ago

Invited

Very easy to open an account and looks…

Very easy to open an account and looks as though it will be easy to withdraw cash too. Enjoy the regular updates on interest earns. All in plain English and easy to follow.

Sal Hennessy

3 days ago

Invited

Easy to follow pies or create your own

Easy to follow pies or create your own. Straight forward interface. Social element is fine for those managing pies but a lot of the content is of poor quality. It’s not important when using for informed investments. Interest is decent on cash held. Generally well maintained. Thumbs up from a 2 year user

Anonymous User

3 days ago

Invited

Really easy way to earn interest on…

Really easy way to earn interest on savings where you can see it grown in real time.

Michelle winterbottom

3 days ago

Invited

Very easy to use interface

Very easy to use interface. Good use of AI prompts on some screens that provides a good jumping off point to research your own investment options. Transfers in and out and between internal accounts is quick and easy. Reliable so far with no downtime. Very good professional platform for beginners to start their investment journey.

Buff Bagwell

3 days ago

Invited

Class

This app is verry good and allows me to save money whylst also earning interest

Jack William Thomas

3 days ago

Invited

Great app

Great app. Easy to navigate even for a beginner like me. And has really helpful tips. Overall a good app.

Funmilola Olamide Olaosebikan

3 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.