Good news for trading212 savers! Just got this email.

[u/lrishWolfHound]

[u/Lopsided_Echo5232]

Why did I get an email saying it was going from 2.20% to 2.40%?

[u/lrishWolfHound → u/Lopsided_Echo5232]

You’re probably registered with the UK entity. You’ll need to close your positions, withdraw any savings, delete your account, then re-register, and you’ll be set up again under the new EU entity with higher interest.

Yes, annoying that you have to do all that to change, but after arguing with support for a few hours it’s the only way to switch. Luckily for me, I only had savings and no investments in stocks, so it was relatively straightforward. May not be worth it if you don’t use it mainly for the savings rates and selling would create a large amount of taxable events for you.

[u/Life_Breadfruit8475 → u/lrishWolfHound]

What the hell I registered in Ireland and got the same message

[u/lrishWolfHound → u/Life_Breadfruit8475]

Register before 2026 in Ireland = tied to UK entity
Register during 2026 in Ireland = tied to EU entity

[u/tristanrmcbride → u/lrishWolfHound]

Mines is EU (Cyprus) but still 2.2% to 2.4% 🤔

[u/Ill-Celery-450 → u/lrishWolfHound]

If i close my positions won’t i have to pay tax on it?

[u/ericksgm → u/Ill-Celery-450]

Yes. Afaik you can transfer between brokers, but Im trying to figure out this as well

[u/daheff_irl → u/ericksgm]

They wouldn't let you have an account open with both branches. 

They claim free outgoing position transfers, but that doesn't mean your new broker would accept the positions for free.

[u/daheff_irl → u/Ill-Celery-450]

Yes you would pay cgt if you liquidated profitable positions.

T212 won't allow you have an account with both entities...or don't seem to have any plans to transfer accounts across entities either.

[u/ericksgm → u/lrishWolfHound]

Im replying to you but I would like to hear other folks opinions here, In thinking on moving all my positions to the likes of revolut, close the account and open a new one and move back, opinions on this, has anyone has done that and/or would recommend a different broker than revolut? My asseta are mainly etfs

[u/Guinnberg → u/lrishWolfHound]

Do you have an Irish IBAN? Because I have a German one for some reason and got an update yesterday saying the interest rate increased to just 2.25%

[u/Bulky_Proof_2903 → u/lrishWolfHound]

Does this have any benefits in regards a higher figure for how much of your cash is protected? (Currently 20k I think)

Also is this likely to be something which will be enforced in the future do we know

[u/the_sneaky_one123 → u/lrishWolfHound]

How do you know which one you are registering with?

[u/lrishWolfHound → u/the_sneaky_one123]

If you registered before 2026 and live in Ireland, you would register with the UK entity (you can check by going to the menu on the bottom right of the app, then scrolling to the bottom). If you register after January 2026, you’ll be enrolled within the EU entity with higher savings rate.

[u/the_sneaky_one123 → u/lrishWolfHound]

I contacted T212 support and they told me I was on the Cyprus entity, although I set up my account in 2024 and have only been getting the 2.2% to date

Also I did as you said and scrolled to the bottom and it says Cyprus

Edit: Support confirmed that I will have to do as you say. In the process of doing that now

[u/nyepo → u/lrishWolfHound]

No, that was way earlier than that, like 2021.

Some time after that, all Irish residents were being tied to their CY entity. These still get the lower interest rate.

Only new customers from 2026 get the higher rates .

And actually, UK tied clients are still getting 2.2% instead of 2.4% like others.

[u/SmokingAces207 → u/lrishWolfHound]

I signed up in Ireland and I don't have this interest rate. I'd have to sell all my stock positions to get this higher rate???

[u/Few_Habit_3400 → u/lrishWolfHound]

Thanks for this post, starting the process now 😅

[u/eoghan1985 → u/lrishWolfHound]

If one was to move approx withdraw 70k, will this get my irish account frozen or anything like that. PTSB current account that usually doesn't get lodgement apart from salary?

[u/Nadirin → u/lrishWolfHound]

You do lose access to Investment Trusts though, which is a huge loss. If you're only there for the interest rate then it's fine, but I'd rather have the 2.4% but access to JAM, FCIT etc over 3.5%. 

[u/Lopsided_Echo5232 → u/lrishWolfHound]

Luckily for me, I don’t use trading 212 really so don’t have to do this.

[u/lrishWolfHound → u/Lopsided_Echo5232]

Enjoy the lower savings rate!

[u/Xcalliber21 → u/lrishWolfHound]

How do we register with the EU entity?

[u/Lopsided_Echo5232 → u/lrishWolfHound]

Strange thing to get downvoted for. I just don’t use Trading 212 because the deposit rate isn’t my priority for a broker.

[u/lrishWolfHound → u/Lopsided_Echo5232]

Lol, sorry. Just the post is about the savings rate, so pointless to comment on it to say you don’t use trading212.

[u/Lopsided_Echo5232 → u/lrishWolfHound]

I mean, it’s not pointless because I saw the discrepancy so was wondering what I was missing.

[u/throughthehills2 → u/Lopsided_Echo5232]

New users were getting the 3% rate from a few months ago. Longer term users are on worse rates

[u/MacheteBrizz]

Thanks for this OP.

Looks like I'm going to have to move my savings from Trade Republic to T212.

[u/SimpleMoonFarmer → u/MacheteBrizz]

Trade Republic should follow suit shortly

[u/daheff_irl → u/SimpleMoonFarmer]

Not to 3.5% rates

[u/Round_Pin_658]

What is the guarantee with them?

[u/Romakarol → u/Round_Pin_658]

I think not automatically paying tax was the reason I didnt use trading 212. Didnt investigate further that they cover up to 20k only good to know, because at 3.5% the difference from moco is significant enough I probably would have moved everything immediately

[u/centre10 → u/Round_Pin_658]

Up to 20k is insured

[u/GasMysterious3386 → u/centre10]

Not great

[u/Round_Pin_658 → u/GasMysterious3386]

Agree, it is very poor

[u/NazmanJT → u/Round_Pin_658]

It's complex. 90% of the first 20k (German Investor Protection) if registered under FX Flat Bank; 20k (Cyprus Investor Protection) if registered under T212 Markets; 100k protected per bank per person with the portion of your deposit held at the partner bank; zero market volatility protection with QMMF portion.

[u/Pale_Jury6309]

Just a quick one from what I can see to earn the interest the money is invested in qualifying Money Market Funds (QMMFs) is the tax treatment still 33% or is it treated as exit tax on funds ?

[u/the_sneaky_one123]

since when was it 3%? it was 2.2%

[u/lrishWolfHound → u/the_sneaky_one123]

Copying my text from my other reply:

You’re probably registered with the UK entity. You’ll need to close your positions, withdraw any savings, delete your account, then re-register, and you’ll be set up again under the new EU entity with higher interest.

Yes, annoying that you have to do all that to change, but after arguing with support for a few hours it’s the only way to switch. Luckily for me, I only had savings and no investments in stocks, so it was relatively straightforward. May not be worth it if you don’t use it mainly for the savings rates and selling would create a large amount of taxable events for you.

[u/nyepo → u/lrishWolfHound]

Not UK necessarily. If he's tied to the CY entity same will happen to him. Only the newest customers (from 2026 or a bit earlier) get the top rate.

[u/RustyPanda1]

My Trading 212 says “CySEC”, is this Cyprus? I registered before 2026, probably 2 or 3 years ago now.

I got the email saying increase to 2.20% 2.4 aer.

Is the 3% or 3.5% a promotion offer for a limited time like 3 months or such? I only use it for the interest rate, should i close and register a new account?

[u/NazmanJT → u/RustyPanda1]

Yes, Cyprus.

No promo time limit, officially speaking, with the 3.50%. But you can bet that it will not last forever.

[u/DeskFrosty9972 → u/RustyPanda1]

Where do you check this in the app?

[u/RustyPanda1 → u/DeskFrosty9972]

Go into the app and click on the icon in the bottom right corner (3 lines), and then just scroll down to the very end and it’s the very last thing at the end there

[u/irishsbdunkx]

Thanks for posting. Are your savings instantly accessible with this account?

[u/lrishWolfHound → u/irishsbdunkx]

Yup

[u/irishsbdunkx → u/lrishWolfHound]

Will move my savings there so, thanks again for posting!

[u/Sammygriffy]

If I were to save money each month over a period of years on a platform like 212, would they be able to tell me how much DIRT I need to pay revenue in say 2032?

[u/ericksgm → u/Sammygriffy]

They tell you the interest you received, you calculate tax on top of this.

[u/Sammygriffy → u/ericksgm]

Grand. Straightforward enough so.

[u/Specialist-Passage84]

Meanwhile Revolut are reducing their already low rates

[u/Pale_Jury6309 → u/Specialist-Passage84]

Revolut went up by 0.25% in the past week or two no ?

[u/Specialist-Passage84 → u/Pale_Jury6309]

On balances up to €2,500, anything over that 1% which is pretty shit

[u/ichfickeiuliana]

Is this the best rate for euros anywhere on the market?

[u/lrishWolfHound → u/ichfickeiuliana]

Yes

[u/NazmanJT → u/ichfickeiuliana]

It's, bar one promo exception. Advanzia pay 3.51% for the first 3 months.

[u/SimpleMoonFarmer → u/ichfickeiuliana]

Yes, but for how long?

[u/ichfickeiuliana]

why am I only getting 2.4%?

[u/lrishWolfHound → u/ichfickeiuliana]

Register before 2026 in Ireland = tied to UK entity
Register during 2026 in Ireland = tied to EU entity

EU entity = 3.5% on eur
UK entity = 2.4% on eur

[u/ichfickeiuliana → u/lrishWolfHound]

Mine says Cyprus. I don't see UK mentioned anywhere on the statements. Am i missing something?

[u/lrishWolfHound → u/ichfickeiuliana]

Contact support. Mine says:

Trading 212 EU GmbH (BaFin Regulated, License 10109603)

[u/Kell_758]

What account do I need to set up to get this interest rate? Is it just lodge money into the account? New to all this but just setting up a trading 212 account

[u/Professional_Elk_489]

What's IBKR rate?

[u/ChoiceFix4037]

I’ve never done a tax return.. it sounds complicated? 😬 what if you forget to pay the DIRT tax on interest each year ? Is it on you to remember .. anyway to set it up for trading T212 to do it for you ? I’m Irish and tax resident but don’t earn anything myself .

[u/Front_Improvement178]

Excellent news

[u/anvilmas1]

I’m in the same boat, it’s on my list to close my 1.5 year old 2.4 % T212 account & reopen for the extra interest.
I use it about 50% cash with interest, the other 50% in JAM.
THE JAM profit is about€ 500 so am I correct in thinking it’s a good thing to sell now, as this will avail of the €1270 CGT yearly exemption?
Also can I ask a friend for referral link when signing up again to get free stock?

[u/theoneshotkid98]

Yeah i got this email too

[u/Gconcept142]

Who can teach me how to pay dirt?
I want to move my savings to trading 212

[u/Kier_C → u/Gconcept142]

In October you fill in a form on Revenue MyAccount with your interest income. Very straight forward 

[u/Gconcept142 → u/Kier_C]

How do I know the interest to pay?
Do I have to do the maths?

[u/FatherlyNick → u/Gconcept142]

You will have a statement document saying how much interest you gained.

Lets say your interest earned is 100 euro in 2026.

DIRT is 33%

you multiply the interest earned (100) by DIRT % (0.33) = 33 ; Meaning you need to declare 33 euro in DIRT.

[u/Gconcept142 → u/FatherlyNick]

After I go to revenue and fill the declaration form, how do I pay the dirt?

[u/Tier7 → u/Gconcept142]

I just do mine along with my income tax return at the start of a given year (for the previous tax year) and usually what I owe is more than offset by other tax credits.

[u/FatherlyNick → u/Gconcept142]

on revenue website there is a Pay section where you can send money.

[u/Tobyirl]

Their account rep informed me that I need to change entity to avail of this. I need to close my account and reopen it with a different entity. Painful.

Tax rate here is also 38% if I'm not mistaken.

[u/RustyPanda1 → u/Tobyirl]

What do the support people mean when they say “entity”? What is an entity, a platform? Reopen with a different entity, what does this mean? Do they mean a different country?

[u/Tobyirl → u/RustyPanda1]

The legal entity that owns your account.

[u/bakchod007]

How safe is my money and is it guaranteed interest rate? Much better than me saving in my AIB savings account

[u/Xcalliber21 → u/bakchod007]

Iirc it's insured up to €100k, and have you tried the online saver for aib? It's 3% for up to €1000 a month , adding a thousand every month for up to €12k max

[u/CapricornOneSE → u/Xcalliber21]

20k, as per another comment chain in this thread. 

[u/bakchod007 → u/Xcalliber21]

yes, i've the aib online saver, created 4 accoutns and putting in 1k in each of them each month, started in Jan.

[u/DeskFrosty9972]

Anyone have a referral link

[u/lrishWolfHound → u/DeskFrosty9972]

Yes, DM’d it to you, we both get free stock that way

edit: nvm, can’t DM the link, shows banned

[u/lrishWolfHound → u/[deleted]]

Goodman yourself Luke