Trade Republic Raises up to 4.07 per Cent Interest on Your Remunerated Account
9 Articles
9 Articles
Promotional interest shall apply until 1 March 2027
How to make savings profitable is one of the great challenges in a context in which inflation is rising as the latest INE data placed the IPC at 4.9%. Banks find in this situation a way to attract customers through incentives to their savings. Trade Republic has launched on Thursday an offer in which it raises its remunerated account to 4.07% TAE. It is a temporary promotion for balances of up to 20,000 euros aimed at new neobank customers, alth…
Users who open an account in the Spanish market will obtain this profit on the first 20,000 euros of balance until next March 1, 2027.
Since January 2023, when it transferred to customers the ECB's full interest rate, Trade Republic has paid more than EUR 4 billion in interest to customers across Europe.
The race to capture the savings of the Spaniards has been monopolized by the neobanks that already reach up to 4% of remuneration with limited balances and time limits.
The slashing of savings interest rates has reached a new peak: starting Thursday, neobank Trade Republic is offering new customers in the Netherlands 4 percent interest on their savings up to 20,000 euros. "This is an important psychological barrier."
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