I'm using Close Bros, 4.13 at the mo I think, min 10k.
I don't like fixed term, much
As you will probably have seen. I prefer Stocks and Shares Isas. Most people think that must involve risk, but you can stick your money in them in the Money Market, where you get what we used to call the "Bank rate".
There are tiny flickers but they do this: (clicky)
They're "instant access" of course.
Same thing last 12 months shows the rate and ripple
Trading 212 doesn't give the widest selection - It doesn't include the MAN Dynamic Interest fund I keep banging on about in the Stock Market thread over in Hobbies, but it does have some of the Vanguard uk, /global etc ones.
What's likely to happen with those, , is something like the next chart:
You have to sniff the breeze and start with just a little expecially if there's concern around. But even if you don't, history shows that something like this global equity one, will come back up, and end up higher - here 14% on the year. But if you'd thought ooo errr in March, swapped into the other fund and waited for it start to be coming back up again - which it did with all the pundits being happy when Trump was reducing tariffs, you'd have easily cleared 20% in the year.
You only have to be a BIT interested in what's going on.
If you listened to commentators right now, you wouldn't buy in to that, except a tiny bit, wait untill it has gone up a few %, or say 1 month, buy a little more, etc. You canput in "stop losses" in case they tumble when you aren't looking.
If you go somewhere different (AJ Bell, Hargreaves Landown etc etc etc) you get an extra range of options, but pay a fraction of a %..
You don't have to have anything to do with Shares/companies, you can use a Bond fund. That's eg where a large lender makes money by lending to the people who lend money for better returns - credit card companies, car loans, business loans, government loans etc. They do the lending at higher rates, so you get some of that. They're often called names like Strategic Bonds.
The MAN fund is the blue one. The Money market (= bldg soc rate) is the brown one and orange is the S&P 500:
The blue one has actuially gone up about 77% over the last 3 years, ie about 21% p.a.
If it looks scary, you can start with say 10% in the better-performing fund.
Aunty Rachel may soon INSIST we use S&S isas.. there will be new funds in them for the skeptics, but the blue one would do, I think.
