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Trade Republic raises its savings account rate to 4.07% APR for new customers

FinanceInternationalExpansiónAI summary
Image: Expansión

German neobank Trade Republic is raising the yield on its savings account to 4.07% APR from today, an offer aimed exclusively at new customers and valid until March 1. It pays interest on a maximum balance of 20,000 euros; above that amount the rate drops to 2.5%. According to the outlet, the account thus becomes the best no-conditions offer on the Spanish market, above Monzo's 4%, which pays on up to 5,000 euros.

In 35 seconds

  • Trade Republic offers 4.07% APR on its savings account until March 1
  • The offer is for new customers only and pays on up to 20,000 euros; above that, the rate falls to 2.5%
  • It tops Monzo's 4%, which pays on a maximum balance of 5,000 euros
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

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