Trade Republic, a 100% mobile broker, offers a remunerated cash account for its clients. Uninvested amounts are remunerated at an annual rate of 4%, with a limit of 50,000 euros per account. A good reason to get into the stock market!
The following article may be the sign you’ve been waiting for to open an account with Trade Republic. And for good reason, the German broker specializing in 100% mobile investment, offers a remuneration of 4% on the cash deposited by its clients. Strictly speaking, it is not a traditional savings account. Concretely, Trade Republic remunerates the funds placed in the cash accounts associated with the securities accounts of its clients. The remuneration rate of 4% per year is applicable up to 50,000 euros deposited by account.
Accessible to all major Trade Republic customers, this advantageous rate does not require no conditions prior payment such as a minimum payment or an investment commitment. Furthermore, the advantage for the client is that his funds remain available at all times.
Concerning interest, it is calculated daily on the cash balances at the end of the day, and it is paid monthly to the customer’s account. It is also important to note that the cash account is covered by the deposit guarantee, up to 100,000 euros per client.
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The Trade Republic money account
The Trade Republic offer
The German broker, which aims to democratize investment in the stock markets at lower costs, offers a complete investment platform, accessible via a mobile application. With over 10,200 stocks, ETFs, bonds and cryptocurrencies availableTradeRepublic allows users to trade on markets around the world, including through scheduled purchases.
To make investing easier, TradeRepublic offers three types of stock market orders via its partnership with the LS Exchange electronic trading system, operated by the Hamburg Stock Exchange: market orders, limit orders and threshold trigger orders. In addition, its scheduled investment plan service allows clients to gradually build a diversified financial portfolio.
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To fund their cash account and carry out transactions, users can make transfers from a SEPA bank account in their name, use a bank card or even Apple Pay or Google Pay. Transfers are instant and free of charge, offering great flexibility to investors.
When it comes to fees, TradeRepublic stands out for its transparent and competitive policy. Opening and maintaining the securities account is free, as are the statements and the annual tax certificate. Moreover, no commission is not invoiced, and the broker only charges one euro for external fees per transaction, excluding scheduled investments.
Scheduled investments also benefit from advantageous conditions, with free setups and monthly executions at no cost. Only a flat rate commission of one euro is due in the event of a sale. Finally, domestic or international dividend payments are also exempt from additional fees.
Details of the Trade Republic stock market offer