Investment platform Trade Republic decreases interest rates once more, leaving little hope for deposit earnings
In a move that sets it apart from many traditional European savings accounts, Trade Republic has removed the limit on its uncapped savings interest rate, now offering a competitive 2% on all cash balances. This change, effective immediately, makes Trade Republic's savings account one of the best in the continent.
Last Thursday, the European Central Bank (ECB) announced a decrease in its deposit rate by 25 basis points, from 3.5% to 3.25%. This decision, however, does not seem to have affected Trade Republic's savings account interest rate, which remains at 2% for both new and existing customers.
Comparison with Other European Savings Offers
Trade Republic's 2% interest rate is highly competitive, especially when compared to the average current accounts in the region, which often offer about 0.11% as of April 2025.
Looking across Europe, Trading 212 offers the highest fixed return at around 2.20% on Euro balances, slightly above Trade Republic. Other notable savings accounts include Lightyear at 2.02%, Mintos and Scalable Capital both at 2.00%, Wise offering 1.76%, Interactive Brokers and BUX offering below 1.5% to 1.25%. In Germany, TF Bank offers a higher introductory interest rate of 2.55% for the first 3 months, then reduces to 1.45% afterward.
Summary Table of Interest Rates in Europe
| Platform | Interest Rate (%) | Notes | |-------------------|-------------------|--------------------------------| | Trading 212 | 2.20 | Highest fixed Euro cash yield | | Lightyear | 2.02 | High yield | | Trade Republic | 2.00 | Full ECB rate, uncapped | | Mintos | Up to 2.00 | Variable | | Scalable Capital | 2.00 | Competitive | | TF Bank (Germany) | 2.55 (3 months), then 1.45 | Introductory rate, then lower | | Wise | 1.76 | Moderate | | Interactive Brokers | 1.495 | Lower yield | | BUX | 1.25 | Lower yield |
With this change, Trade Republic's savings account offers a transparent and attractive option, especially combined with its free current accounts, automated tax handling, and savings plans. For those seeking the best interest rates with minimal effort, Trade Republic's offer may be the best choice.
However, it remains to be seen whether Trade Republic still offers the best savings account rates for customers, as other offers, such as new customer offers with three to six-month interest guarantees, may provide more benefits. To learn more about Trade Republic's overall package, click here.
For those in Germany, Consorsbank's savings account details can be found here, while ING's savings account details can be found here. The comparison sometimes uses affiliate links for compensation, but this does not influence the content's objectivity.
In light of the European Central Bank's recent decrease in deposit rate, Trade Republic's unprecedented savings account interest rate of 2% stands out as highly competitive, surpassing most personal-finance offers in the region. Among the notable contenders, Trading 212 offers a slightly higher fixed return at around 2.20%, while Trade Republic's offer remains commendable.
