Get 5.1% Interest Income with Trading 212

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Hey Smart Money Squad! It's Kai here, bringing you another update in the world of investing! Today, we're diving into Trading 212 (T212) and their incredible new offering - a whopping 4.2% interest rate on EURO, paid out daily, with ZERO lockup period! 📈
🌟 What's Inside:
An in-depth look at how Trading 212 is changing the game with their EURO interest rate.
The secret behind T212's ability to offer such high interest.
A critical look at what you need to know before jumping in.
Trading 212 has always been a key player in the investing world, and now they're taking a huge leap forward. With this new offer, they're not just about trading anymore - they're a serious contender in the realm of interest income and passive income generation. 💰
But as always, there's a twist. In this video, I'll break down the fine print and what this means for your investment strategy. Is it too good to be true? Or is Trading 212 setting a new standard for earning interest on your Euros?
Whether you're a seasoned investor or just starting out, understanding how to maximize your interest income is crucial for building wealth. And with T212's latest move, there's a lot to unpack. 🧳

Опубликовано:

14 июл 2024

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Комментарии : 58

@SmartMoneywithKai 6 месяцев назад

@martinpetkov6133 6 месяцев назад

Short and straight to the point, that's why we all love your videos, Kai. There are also others content creators, who do their best, but they are not breaking down the features and the benefits as good as you do. I'm watching your videos with great interest. Keep up with the good work.

@SmartMoneywithKai 6 месяцев назад

Hi Martin👋 That's so awesome to hear and I truly appreciate your comment, really means a lot and I never take that for granted, so thank you for that🙏 More content coming your way shortly. Great to have you as part of the community 🙌 Cheers

@13luisluis 6 месяцев назад

Veryyyyyyyyy well, Kai. Continue your excellent work. Thank you very much for spreading knowledge You are incredible. Best regards from Portugal

@SmartMoneywithKai 6 месяцев назад

Awww, thank you so much Luis, really means a lot🙏 So cool to see that I have viewers in many different countries always makes me happy to read. Only been to Lisbon & Algarve which were great, but definitely still missing Porto…one day😉👌 Cheers mate

@tux4075 6 месяцев назад

Hey Kai👋, I just wanted to say thanks for this informative video about the new high interest rates offered by Trading 212. I really appreciate you taking the time to break down the process of enabling high interest rates and the associated risks. While I personally won't be able to take advantage of the interest earning feature due to my religious beliefs, I still found the video to be very helpful and informative. I'm sure there are many viewers out there who will benefit from your insights. Thanks again for sharing your knowledge!

@SmartMoneywithKai 6 месяцев назад

Hey there👋 Thanks a ton for your kind words! It means a lot to hear that the video was informative and helpful, even if the interest part isn't applicable for you. Respect for sticking to your principles 💪 Your feedback & support is what keeps me going and keeps me passionate about making these videos. Stay tuned for more content that might be right up your alley 🚀 Cheers 🙌

@Faceman12 5 месяцев назад

Hi @tux4075 which broker do you use?

@pedpess 6 месяцев назад

Thanks for the video Kai, do you know if the withdrawal in EUR is instant via SEPA alike Revolut?

@SmartMoneywithKai 6 месяцев назад

Thank you Pedro🙌 Yes, it’s like a SEPA transfer to your bank account you used for the deposit or to your Apple Pay if you used that but it can take up to 3 days so sadly not instant. For that Revolut Savings is faster and instant👌 Cheers

@Faceman12 5 месяцев назад

Hi Kai, thanks for the awesome video. I like these step-by-step explanation videos. I wonder if you had to choose which broker you would choose: Trade Republic, Trading 212, or Lightyear? Thank you in advance.

@SmartMoneywithKai 5 месяцев назад

Thanks a lot👋 Really glad to hear you liked it. If I had to choose between those 3 I would go with Trading 212. No commissions, highest interest on uninvested cash and now the ability to transfer your stocks to another broker one day if you wanted to, that's really great👌

@Faceman12 5 месяцев назад

Thanks a lot for your response. @@SmartMoneywithKai

@SmartMoneywithKai 5 месяцев назад

My pleasure🙌

@MrDekinio 6 месяцев назад

Kai, love your videos. One quastion, meybe some material for future video, maybe can you answer here…Fee for transfer crypto from coinbase to ledger are insane…meybe you have some solition to transfer crypto low fee to ledger. Thanks.

@SmartMoneywithKai 6 месяцев назад

Hi Dejan👋 Thanks for your kind words and the awesome question. Ah, those transfer fees can be a real pain. But it's not necessarily Coinbase, unless they charge a withdrawal fee on top. Here's a quick tip: Timing is key! Fees can vary depending on network congestion, so try transferring during off-peak hours. Another trick is to use a crypto with lower transfer fees (like Litecoin or Stellar) to move your assets and then convert them back. It's a bit of a workaround, but it can save some bucks. Hope this helps. Cheers

@Dinesh-Kumar 6 месяцев назад

Hi Kai, The trading 212 also started allowing to transfer shares for free to a different broker 🎉 that makes them more attractive too.

@SmartMoneywithKai 6 месяцев назад

Hi Dinesh, yes, just saw it as well, this is absolutely awesome and a very smart move by them and I will definitely be investing more with them in the future because of that👌 Cheers

@zuzanadrabikovavozarova109 5 месяцев назад

@@SmartMoneywithKai hi Kai, would you post a link where they mention that? I still see in FAQ that transfer assets are not available yet.

@SmartMoneywithKai 5 месяцев назад

@@zuzanadrabikovavozarova109 Hi, only found this link community.trading212.com/t/portfolio-transfers/66091 but I got an email from them direclty confirming the date👌 Cheers

@cmazas 6 месяцев назад

Hey Kai. What about if interest rates drop from central banks?

@SmartMoneywithKai 6 месяцев назад

Hi there👋 They might eventually also adjust it down, but I would imagine it much less and slower than those who just share the central bank interest rates with users, that's the benefit of being part of QMMF👌 Cheers

@sotiris1302 2 месяца назад

Hello Kai! Really helpful video, very structured approach! thanks a lot

@SmartMoneywithKai 2 месяца назад

Hi and thanks a lot, really appreciate that 🙏

@rogerzachariades5337 6 месяцев назад

Hi Kai, Do you think that this change towards QMMFs is done because the central bank will start to decrease interest rates? I know that QMMFs mainly consists of low risk investments like bonds therefore they found a way to provide us a high interest without being depended on the central bank?

@SmartMoneywithKai 6 месяцев назад

Hi Roger👋 Absolutely, I think you are spot on. Switching to QMMFs is likely a strategic move anticipating lower interest rates. QMMFs focus on lower-risk assets like bonds, offering a smart workaround to still deliver solid returns, even if central bank rates drop. It's a clever way to stay ahead of the curve in uncertain financial climates. So kudos to T212 for doing that👌 Cheers

@rogerzachariades5337 6 месяцев назад

@@SmartMoneywithKai Great that is what i thought as well. I think it will be great to also make a video regarding all the new changes done on the trading 212 platform ( share lending and ability to gain some interest) ,(the new interest on uninvested cash) ( the ability to transfer to other brokers -just announced)

@SmartMoneywithKai 6 месяцев назад

@@rogerzachariades5337 Thanks a lot Roger and will definitly keep that in mind and make future follow-up videos on that👌Cheers

@valterskristovskis9723 6 месяцев назад

Hey Kai! Great video. Could you explain if it would make sense to exchange some extra capital from EUR to HUF throuh Revolut and hold it in Trading 212 to gain regular 7% interest? It seems like the best option, no?

@filip3828 6 месяцев назад

I have the same question! Is there a reason why to change/not change your currency with revolut or directly inside the trading212 app and get a higher % then to just hold it in eur?

@SmartMoneywithKai 6 месяцев назад

Hi Valter, thanks a lot🙏 Good thinking and definitely tempting. But then you start almost FX trading. HUF has a high rate because of higher inflation and also it has high volatility vs EUR for example. So while you might get higher interest, if all of a sudden the rate vs EUR drops by 7-8% which it did during last year, you will be much worse off. For me this gamble it's not worth the extra 3%, but of course it's your choice. Same for Turkish Lira, interest rate there is 42.5%, but not sure that's the currency you want to invest in right now😉 Cheers

@SmartMoneywithKai 6 месяцев назад

Hi there, good question and I hope I answered it below. Cheers

@valterskristovskis9723 6 месяцев назад

@@SmartMoneywithKai Thanks for the great explanation!

@SmartMoneywithKai 6 месяцев назад

Most welcome, anytime 💯

@maximbelitskiy6695 6 месяцев назад

Hi Kai! Thx for sharing this info! Is the 212 rate less then the one on your Revolut Ultra plan?

@SmartMoneywithKai 6 месяцев назад

Hi Maxim👋 Thanks and my pleasure. Revolut Ultra has higher interest on USD 5.4% vs 5.1% on Trading 212. For EUR, Trading 212 is better with 4.2% vs 3.95% with Revolut. I am definitely sending more funds to Trading 212 now👌 Cheers

@xDarkpenance 5 месяцев назад

Loving your channel just subscribed, currently am saving 4.99% after fees on GBP with the plum app, in a fund. I wondered if I swapped my current in Revolut to say a higher yielding rate would that be beneficial? @@SmartMoneywithKai

5 месяцев назад

4% interest on cash deposits while inflation is still eating cash value at 7-8% percent. When inflation drops to 2% they will reduce interest on cash to less than 1% same like any other bank so I don't see much benenfit here.

@SmartMoneywithKai 5 месяцев назад

Hi Richard👋 That might be that they drop the rates, but then the banks will do so too, plus we never know when they drop. For now they are high so why not benefit from it, without any lock-up period. Currently I am getting €300 in interest every month from those various apps, from my home bank I get €0. As for inflation that is true, but as I said, what's the alternative. If you have a safe investment over 8% great, but I don't know any of such investments, that's why I park some of my money here, the rest I invest in the markets & real estate. Cheers

@7izaak 2 месяца назад

Hi kai, great video! I got a question about this. In Revolut, the savings account is protected to up to 20 thousand Euros. In Trading 212, once you enable the option for higher interest rates, is it protected like Revolut? If it is, by how much? King regards, Izaak.

@SmartMoneywithKai 2 месяца назад

Hi and thanks a lot. It would be part of a QMMM which means it's no longer protected as it's considered an investment, though these are extremely safe and liquid, even most pension funds invest into those. But if you want full guarantee then you and disable it, but I am totally fine with it and have quite some cash sitting there👌 Cheers

@cymp 6 месяцев назад

From 15.02.2024, you will be able to transfer your shares to and from other brokers.

@SmartMoneywithKai 6 месяцев назад

Thanks for sharing and yes, just saw that too, this is a genius move by them👌

@cymp 6 месяцев назад

@@SmartMoneywithKai I would like to ask the following what happens in the event that trading 212 is closed for some reason....will I be able to transfer my shares to another company in this case as well?

@SmartMoneywithKai 6 месяцев назад

@@cymp Yes, it might be time delayed but since the shares are kept separately from T212 funds they are yours and after litigation processes is over, you would be informed how to access and transfer your shares, even though this should be highly unlikely, but you never know😉

@zm8242 5 месяцев назад

when i buyy ETF in trading212 is in my name?

@SmartMoneywithKai 5 месяцев назад

Hi there, good question and you can read more about this here helpcentre.trading212.com/hc/en-us/articles/360008702918-Do-I-own-my-shares-#:~:text=From%20Trading%20212's%20point%20of,Depository%20Trust%20Company%20(DTC).

@EvelinaJurdonyte 3 месяца назад

Hello, a great video! I ve learned so much from your chanel, thanks! Since I m quite new to investing, can you explain me please, if I transfer money to trading 212 from my local bank, is the money still connected to my local bank? My bank is located in lithuania, im a bit concerned about the Ukraine situation, whats your opinion on that? Thanks a lot once again:)

@SmartMoneywithKai 3 месяца назад

Hi Evelina, great to hear and well done for taking the first steps to start your investing journey and super happy to hear that my channel has been helpful along the way. To your question, when you send money from your LT bank to Trading 212 it's no longer with your bank but with T212, consider it a separate bank account. You can either keep it there uninvested and it accumulates interest, currently 4.2% on € or you can invest it into stocks or ETFs. As for bank situation in LT, I understand your point, though personally I would not worry about that too much, ultimately EU funds would still protect though with the big banks like Swedbank or SEB they pay you peanuts for your cash which is the bigger problem that's why I hardly keep any money there and most with brokers where my money actually works for me and earns me more money 😉 Hope this helps. Cheers

@EvelinaJurdonyte 3 месяца назад

Thank you!😊

@EvelinaJurdonyte 2 месяца назад

Hello Kai, I have another question, if I send the money into trading 212 and then for some reason need to withdraw it again (e.g. buying real estate) , can I send my money from there to another bank account? Or if I want to send it back to my lithuanian bank account, will I need to justify it to them if it's a big sum of money? Thanks! 😊

@SmartMoneywithKai 2 месяца назад

@@EvelinaJurdonyte Hello Evelina, you can withdraw it anytime, but only to the bank account you used to for depositing your funds, but you can always send a small amount from another account if you want to withdraw to that later on. And no, there wouldnt't be any questions, as they can see it comes from a broker, not a casino 😉 I never had an issue or questions despite bigger amounts 👌 Cheers

@TheWealthUniversityOfficial 6 месяцев назад

holy shit plus in an isa its tax free gains. omg 5% GBP tax free omg im putting everything in there

@SmartMoneywithKai 6 месяцев назад

😂I like your enthusiasm and indeed, sounds like a no-brainer for people in the UK👌 Cheers

@gbednarekk 4 месяца назад

I wouldn't, because to get this rate, you have to waive FSCS protection. And this QMMF is a risky thing in uncertain times like we have now.

@SmartMoneywithKai 4 месяца назад

@@gbednarekk Agreed there is more risk despite those being very safe but ultimately everyone has to make their own decisions. For some S&P500 is risky for others Bitcoin is conservative 😂 So yes, I hear you on that, but I am fine with this level of risk. Cheers