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Trade Republic introduces interest on credit balances

The neobroker is now paying its customers two percent APR on the cash balances in their clearing accounts.

Lars-Thorben Niggehoff · Stuttgart, 04. January 2023

Trade Republic introduces interest on credit balances — Die Trade Republic-Gründer Marco Cancellieri, Christian Hecker und Thomas Pischke. (Foto: Trade Republic)

Neobroker is now paying its customers two percent APR on the cash balances in their clearing accounts.

Neobroker Trade Republic is responding to the changed interest rate environment in Europe and is now offering interest on its customers' cash balances. They will receive two percent per year on the cash balances in their settlement accounts. According to the company, this is the highest effective annual interest rate in Germany.

In contrast to conventional interest payment procedures, Trade-Republic customers will be credited monthly. The offer applies to both existing and new customers and is valid for balances of up to 50,000 euros.

"With an effective annual interest rate of two percent, 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. The offer is also not limited in time and the interest rate is valid until further notice.

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