Polish broker XTB has launched a Cash ISA in the UK, offering a 6% AER introductory rate as it expands beyond its core CFD trading base and challenges fintech rivals like Trading 212 and eToro.
The new product, available to customers who open an account by the end of April, includes a 2 percentage point bonus on top of XTB’s standard 4% variable rate. The boosted rate applies to balances up to £40,000 for 90 days across both the new Cash ISA and its existing Stocks & Shares ISA.
XTB UK CEO Joshua Raymond said the launch aims to capture savers looking to lock in returns before potential Bank of England rate cuts. “Too much of the UK’s savings are still parked in accounts doing very little,” he noted.
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The move completes XTB’s core ISA offering, following its Stocks & Shares ISA launch in December 2024. The flexible Cash ISA accepts up to £20,000 per tax year with no fees, a £10 minimum deposit, and FSCS protection up to £120,000.
While the 6% headline rate tops competitors including Trading 212 (4.4%) and eToro (3.67%), the promotion lasts only 90 days before dropping to 4%.
The launch places XTB opposite brokers like IG, which has campaigned to restrict Cash ISAs, arguing they divert money from UK equities. XTB’s expansion into tax-advantaged accounts across Europe signals a strategic shift toward longer-term retail investors.
