Trade Republic raises its savings account rate to 4.07% APR for new customers
Trade Republic has paid new customers of its savings account 4% nominal interest, equivalent to 4.07% APR, since Thursday, November 12, applied to the first 20,000 euros of balance. The offer runs until March 1, 2027 and places the bank ahead of Raisin (3.30% APR for 3 months) and Openbank (3.25% APR for 12 months) among accounts without payroll requirements. It previously paid 3% nominal interest on the entire balance with no cap.
In 40 seconds
- The 4% nominal rate (4.07% APR) applies only to the first 20,000 euros; the rest earns the rate tied to the ECB deposit facility, at 2.50%.
- The promotion runs until March 1, 2027 and does not require direct salary deposit.
- With 20,000 euros at 4.07% APR for 3 months, savers earn 203.50 euros gross and 164.84 euros net after the 19% withholding.
Read the full story at La Razón
IASummary generated by artificial intelligence from a story by La Razón. It may contain errors: the original source prevails.
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