Trade Republic: broker and interest-bearing account in one
Trade Republic is a European broker headquartered in Berlin, founded in 2019, that has attracted millions of customers across Europe with its €1-per-trade commission model. Beyond investing, it also offers a basic banking service: a European IBAN account that pays interest on uninvested cash.
In 2026, Trade Republic pays 2.02% AER on account balances. View product →
How does the interest payment work?
Trade Republic automatically applies interest to the cash balance (money not invested in stocks, ETFs or other instruments). Interest is credited monthly. The rate is linked to the ECB Deposit Facility Rate, meaning it adjusts when the ECB changes rates — unlike a fixed-term deposit where the rate is locked.
What guarantees protect your money?
Trade Republic Bank GmbH holds a full banking licence from BaFin (German financial regulator) since 2023. Cash in the account is protected by the German Deposit Guarantee Scheme up to €100,000 per depositor — the same protection as any traditional bank.
Trade Republic vs alternatives in 2026
- Raisin Welcome Account: 3.33% AER — no lock-in, no conditions. View →
- XTB Cash Account: 3.50% AER (promo) — promotional rate subject to change.
- Trade Republic: 2.02% AER — ECB-linked, no additional conditions.
Who should use Trade Republic?
Trade Republic makes most sense if you already invest or plan to invest in stocks and ETFs. Uninvested cash earns 2.02% while you wait for the right opportunity. If you're only looking for savings yield without investing, better standalone options exist.
To maximise savings yield, consider pairing Trade Republic with higher-yielding products from our comparison tool.