Especially in times of high inflation, many people look around for investment opportunities with interest. For a good reason: what does not bring a return loses value from day to day.
A popular form of investment is stocks and ETFs. However, those who had not invested part of their assets at the moment – for example because they are waiting for a suitable entry or because the market situation is too uncertain – have so far received nothing. The money was held by the broker like cash, so it didn’t earn any interest.
This is exactly what the German neo-broker Trade Republic wants to change now and is now offering its customers two percent interest on uninvested money deposits – a decent return that is not yet available from other brokers. This change means less effort for customers of the broker: Uninvested funds no longer have to be shifted back and forth between the broker and the call money account, the interest is paid out automatically.
The other conditions of the system are also pleasing: The currently guaranteed interest rate of 2 percent applies to a sum of up to 50,000 euros and for both new and existing customers. In addition, the interest is paid on a monthly basis. Due to the compound interest effect, the effective return over the year would be even higher.
To accept the offer, customers must have an account with Trade Republic. They then have to accept the offer themselves via a banner in the app. Trade Republic points out that the banner may only be visible after the app has been updated or reinstalled.
According to Trade Republic co-founder Christian Hecker, they want to “be the home for customers’ assets”. In addition to the classic business with shares and savings plans, this now also includes the interest rate offer.
Quelle:Trade Republic
