Trade Republic redistributes one billion euros of interest to its customers

Trade Republic has announced that it has paid out over €1 billion in interest to its European customers since January 2023. This move, which mirrors the European Central Bank (ECB) interest rate, marks a significant change in the banking market. By offering a rate of 3.25% per annum and fully passing on the ECB rates, the platform aims to increase the purchasing power of savers.

With a 1% Saveback on card payments and no-fee savings plans, Trade Republic seeks to reduce the average loss of €700 per year that European households suffer due to lack of adequate returns. In France, €557 billion in low-yield accounts represents considerable untapped potential.

Since its inception, Trade Republic, recognized for its financial innovations, has strived to transform the European banking landscape by focusing on savings and simplified financial management.