Trade Republic Ireland - techbuzzireland

Trade Republic, Europe’s largest savings platform, is now giving its  customers 2 percent p.a. interest on their cash balance. This enables them to easily benefit from the  increased ECB rates. Trade Republic offers a market leading effective interest rate for both new and  existing customers. This offer is not time limited and holds until further notice. The interest is  calculated in real time and paid out monthly, thus enabling customers to accrue compound interest.  With the introduction of the interest, Trade Republic now doubles down on its mission to set up its  customers for long-term wealth creation and saving up for retirement.

“With 2 percent effective annual interest per year, we are passing on the benefits of the new interest rate  environment directly to our customers. Every investor can now benefit directly and easily from interest”,  says Christian Hecker, Co-Founder of Trade Republic. “Exactly four years ago, we were among the first  providers in Europe to introduce commission-free investing. Now, we are taking another step on our  mission to make wealth accumulation possible for everyone. Today, Trade Republic is the most attractive  place to save and invest your money.” 

With the European Central Bank rising rates, reversing a multi-year trend of negative rates, interest based savings have once again become attractive. Trade Republic is the first broker to seize on the  opportunity to pay interest on all customers’ uninvested cash assets. With an effective annual interest of  2 percent p.a. for all existing and new customers, Europe’s largest savings platform clearly sets itself  apart from the competition. The duration of the offer is not limited and the interest rates will be valid until  further notice. The interest income is calculated in the app in real time and credited monthly. The offer  applies to cash balances of up to EUR 50,000. The customer funds are protected up to EUR 100,000 by  the deposit guarantee schemes (DGS). 

A Trade Republic account can be opened in only five minutes in the app or via desktop. Customers can  invest in Europe’s largest ETF savings plan offering free of charge. In addition, Trade Republic also offers  fractional trading for almost all stocks. This allows customers to invest any budget, including highly priced individual stocks such as Booking.com or Warren Buffett’s Berkshire Hathaway.

Trade Republic  is active in 17 European countries and is supervised by BaFin and Bundesbank.

ABOUT TRADE REPUBLIC 

Trade Republic is on a mission to set millions of Europeans up for wealth creation with secure, easy and  commission-free access to capital markets. With over one million customers, Trade Republic is already  the home screen app for many Europeans to manage their wealth. It offers investing in savings plans,  fractional investing and ETFs as well as derivatives or crypto. Trade Republic is a technology company  supervised by Bundesbank and BaFin. As Europe’s largest savings platform, Trade Republic has received  investments by Accel, Peter Thiel‘s Founders Fund, Ontario Teachers‘, Sequoia and TCV. The company  based in Berlin was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri.

By Jim O Brien/CEO

CEO and expert in transport and Mobile tech. A fan 20 years, mobile consultant, Nokia Mobile expert, Former Nokia/Microsoft VIP,Multiple forum tech supporter with worldwide top ranking,Working in the background on mobile technology, Weekly radio show, Featured on the RTE consumer show, Cavan TV and on TRT WORLD. Award winning Technology reviewer and blogger. Security and logisitcs Professional.

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