Trade Republic: 3.5 % p.a. on your cash (2024)

FAQs

What is the interest rate on cash in Trade Republic? ›

FAQ. How do I get interest? Activate 3.75 % annual interest with your new Trade Republic IBAN and earn money every month on unlimited cash balances. Enjoy full flexibility to withdraw any time.

Trade Republic is a legit brokerage. It has a banking license and is regulated by the German authority BaFin. There is investor protection up to €100,000 for cash and €20,000 for assets.

As a Trade Republic customer you can start earning 3.75 % TIN interest on your cash balance, which corresponds to a 3.82 % TAE, up to 50.000 €. Interest is accrued daily and paid out monthly. You can withdraw your money anytime. How does Trade Republic calculate the interest?

Trade Republic Bank is a full German bank. We are supervised by the BaFin (Federal Financial Supervisory Authority) and offer you the usual reliability and security of a full German bank.

Trade Republic holds a banking licence in Germany and is supervised by the Bundesbank and BaFin. It is backed by the world's most renowned VCs. Participating in capital markets has been a privilege of the elite for too long. Trade Republic was founded with the conviction to democratize access to capital markets.

When placing an order, savings plans are free of brokerage fees and there is one euro for single trades plus third party costs and spreads, but no order commission. All Trade Republic cards are subscription free.

Trade Republic is regulated by the German regulator (BaFin) which means you are protected by the European Investor Protection Scheme up to €20,000.

A broker is good for beginners if it has low fees and an easy-to-use platform. Trade Republic has a user-friendly mobile platform. Trade Republic has low fees overall and a minimum deposit of $0. Account opening at Trade Republic takes 1 day.

A few reasons why your funds are unavailable:

Your funds are pending in the time between performing an action (for example, a sell trade or a card payment) Your funds are pending in the time the actual money moves and if you have some reserved funds. Funds are reserved for open orders, for example limit or stop orders.

Do I have to pay dirt on Trade Republic? ›

Dealing with Taxes:

Whilst Raisin.ie and Trade Republic are subject to DIRT Tax, currently 33% on the interest, some institutions may be liable for Exit Tax @41%.

The processing time can vary depending on your current custodian bank and should normally not take more than 3 weeks. In exceptional cases, the transfer may take longer. In this case, it is the responsibility of the issuing custodian bank to inform you of the delay.

Republic FAQ

Republic vets the companies that use its platform, so you can feel confident in your investment. Has anyone made money from Republic? Plenty of companies make money with Republic. In fact, on average, companies raise about half a million dollars on Republic.

The good news is that Trade Republic has no minimum deposit requirement, so you can easily start trading with as little money as you wish. I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager.

Trade Republic is the largest savings platform in Europe enabling millions of people to create wealth.

The current official cash rate as determined by the Reserve Bank of Australia (RBA) is 4.35%.

Hence, banks will not have any money to use for other purposes. You also need to remember that the RBI does not pay any interest on balances of the CRR.

Powered by AI technology and cloud computing, CashNow conducts sophisticated credit check and risk management while provides people a simple money lending user journey. Interest Rate: 34.0% per annum. Processing Fees: 4.9%. The fees will be deducted from the credits.