Trading 212 raises € interest to 4% paid daily

[chose]

@ksheppard 4% anual, paid daily

 

[eigdim62]

@wrennelson143 If it's cash you'll need in next few years then that's a great offer

 

[wrennelson143]

@eigdim62 Yes, that makes perfect sense.
Happy cake day!

 

[eigdim62]

@wrennelson143 Didn't know it was cake day! Cheers!

 

[wrennelson143]

@eigdim62

 

[path_finder]

@wrennelson143 You know that buffett quote, to be greedy when everyone is fearful?

People called a crash last year and parked their money in guranteed 5% TDs. SNP500 is going to end 23% up this year lol.

 

[wrennelson143]

@path_finder True story!

 

[emarketts]

@path_finder Yeah, but 5% TDs is still better than ~0% returns (trading fees not included) if you've bought SP500 exactly 2 years ago where it was trading around ~4700.

 

[path_finder]

@emarketts Yes if you take a cherrypicked timeframe you can make SNP500 look bad. Good one.

If you invested 4 years ago you'd be up. What now?

Fact is, the cherry picked timeframe doesn't matter. SNP 500 handily beat TDs by 5x. Nothing you can say about cherrypicking changes this fact.

 

[resjudicata]

@wrennelson143 Now it is too late, they will start cutting interest for sure in a few months.

 

[wrennelson143]

@resjudicata I’ll enjoy it while it lasts then. The good thing is that Trading 212 pays the interest every day.