Trade Republic

2023 - 1 - 4

Post cover
Image courtesy of "Business Plus"

Trade Republic offers 2% interest on cash balances (Business Plus)

German online investment platform Trade Republic says it will pay customers 2% annual interest on the cash balance in their account.

There is €1 of external fees to cover clearing and settlement, regardless of the size of the order. According to the company: “The securities in your custody account are not covered by the deposit guarantee scheme. Savings plans for stocks and ETFs are offered completely free of charge. They are deposited by our custodian bank HSBC Germany in the corresponding depositories in Germany and abroad.” The company said interest income is calculated in the app in real time and credited monthly and applies to cash balances of up to €50,000. The company says funds in the cash account are held in an escrow account at partner banks Citibank Europe and Deutsche Bank.

Post cover
Image courtesy of "jim o brien"

Europe's largest broker Trade Republic, launches savings accounts ... (jim o brien)

This enables them to easily benefit from the increased ECB rates. Trade Republic offers a market leading effective interest rate for both new and existing ...

With over one million customers, Trade Republic is already the home screen app for many Europeans to manage their wealth. Trade Republic is on a mission to set millions of Europeans up for wealth creation with secure, easy and commission-free access to capital markets. The duration of the offer is not limited and the interest rates will be valid until further notice. In addition, Trade Republic also offers fractional trading for almost all stocks. With the introduction of the interest, Trade Republic now doubles down on its mission to set up its customers for long-term wealth creation and saving up for retirement. Trade Republic offers a market leading effective interest rate for both new and existing customers.

Explore the last week