Trade Republic, a Stock Trading App, Adds 2% Interest On Cash


Share post:

Trade Republic, a German startup, is increasing interest in unspent funds. Users will earn 2% a year in interest on any cash they have in their Trade Republic accounts.

Due to the impact of inflation on European consumers’ savings, Trade Republic will likely draw in new clients who are searching for higher interest rates with the new feature. Trade Republic receives revenue from small fees and the payment for order flow.

More specifically, Trade Republic specifies that daily interest calculations will take place and that the startup will credit user accounts once every month. Interest is only paid to users with cash balances up to USD 50,000. The business is currently promising 2% APY.

Read More: Trade Republic, a popular stock trading app, adds 2% interest on cash | TechCrunch

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

Hyve Launches Multiplayer Money Platform – Earn and Save Faster with Others

Hyve announces its mobile app is now available on iOS and Android. Hyve aims to pave a simplified...

JustPaid Offers State-Of-The-Art Revenue Management Functionality

JustPaid announces the launch of its fully automated revenue management functionality within the platform. The new feature in the...

Fraud Detection Best Practices in Fintech

Fraud poses a significant threat to financial technology companies. To stay safe, firms need to be vigilant. Firms...

SMArtX Advisory Solutions Enhances New SMArtY Platform with Two More Asset Management Firms

SMArtX Advisory Solutions, a leading innovator in managed accounts technology, today announced Fidelity Investments and Invesco will make...