Interest rate advertising: Consumer center sues Neobroker Trade Republic

Spiegel

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The Neobroker Trade Republic has to answer to court: the consumer centre in Baden-Württemberg sued for allegedly misleading advertising for interest and deposit insurance.

Tagesschau

Center

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The consumer centre of Baden-Württemberg takes legal action against the Neobroker Trade Republic. One sues for "misleading advertising".

Welt

Lean Right

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Those who invest their money will come into contact with Trade Republic sooner or later. The Neobroker advertises with relatively high interest rates on the current account. However, the company should not sufficiently point out that the interest rate is variable. Now there is trouble in court.

t3nMagazin

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The consumer center Baden-Württemberg is suing against Trade Republic. The focus is not on high interest rates, but rather on the allegedly "misleading" communication with the customers. The Neobroker defends itself.read more on t3n.de

turi2

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Intransparent: The consumer center Baden-Württemberg complains about misleading advertising against the Neo-broker Trade Republic. The company has advertised for a Giro-account with 3% interest. According to the consumer protectors it is not sufficiently clear that the interest rate is changeable – currently only 2.75% – and that the property is not completely under the protection of the deposits. businessinsider.de, consumerzentrale-bawue.de

stadt-bremerhaven.de

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The neobroker Trade Republic is currently the focus of criticism from the Baden-Württemberg Consumer Center. The reason is advertising statements about interest rates and deposit protection, which, in the opinion of the consumer advocates, do not meet the required transparency. Trade Republic had an interest rate of 3...To the article: Misleading advertising: Trade Republic under fire for interest rate promises To the blog: Caschy's blog You c…