TRADE REPUBLIC OFFERS 2 PERCENT INTEREST ON CASH FOR ALL CUSTOMERS
Trade Republic Bank GmbH / Key word(s): Miscellaneous
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- All customers receive 2 percent p.a. interest on their cash balance
- Market leading annual interest rate - no limited offer as with other banks.
- Interest will be calculated live in the app and deposited on a monthly basis
- The offer is valid for all existing and new customers across markets for a cash balance of up to 50,000 Euro
- Expansion of market leadership as Europe’s largest savings platform
Paris, January 4th, 2023. Trade Republic, Europe’s largest savings platform, is now giving its customers 2 percent p.a. interest on their cash balance. This enables them to easily participate from the increased ECB rates. Trade Republic offers a market leading effective interest rate for both new and existing customers. Unlike many other banks, this offer is not time limited and holds until further notice. The interest is calculated in real time and paid out monthly, thus enabling customers to accrue compound interest. 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.
“With 2 percent effective annual interest per year, we are passing on the benefits of the new interest rate environment directly to our customers. Every investor can now benefit directly and easily from interest”, says Christian Hecker, Co-Founder of Trade Republic. "Exactly four years ago, we were among the first providers in Europe to introduce commission-free investing. Now, we are taking another step on our mission to make wealth accumulation possible for everyone. Today, Trade Republic is the most attractive place to save and invest your money.”