Just saw this *ad* ..so Trade Republic may be joining the promo gang as well... And @Lightning I had no clue about deposit rates in Europe until I stumbled onto AAM one day. Really appreciate the work you do.
Trade Republic Now Paying 3% for New Customers
- Thread starter ACER10
- Start date
Seems like there are 2 ways to get the 3% rate:
1. New Customer.
2. Existing customer who refer a friend who in-turn must make at least 3 investments and pay in 100 EUR in the first 21 days and the 3% rate expires after 3 months in these circumstances.
Does it get more complex!
1. New Customer.
2. Existing customer who refer a friend who in-turn must make at least 3 investments and pay in 100 EUR in the first 21 days and the 3% rate expires after 3 months in these circumstances.
Does it get more complex!
I see this:
Activate 3.04 % AER
on your cash balance up to 50,000 € for new customers.
irishfinanceguy
Registered User
- Messages
- 289
Wonder can you delete your trade republic account and setup new account to get the 3% like with trading212?
Exact same thing happened to me and a work colleague too.
The Trade Republic homepage keeps changing between 3.04% interest for new customers with a 50k cap and 2.25% interest via partner banks and MMF.
It's now back saying 3.04% when you select Ireland in the country box at the bottom. Different to earlier today!
It seems that Trade Republic rolled out a new MMF element, with no 50k cap, in several European countries in recent weeks.
It's now back saying 3.04% when you select Ireland in the country box at the bottom. Different to earlier today!
It seems that Trade Republic rolled out a new MMF element, with no 50k cap, in several European countries in recent weeks.
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UnpaidUtility
Registered User
- Messages
- 397
Does this effect existing Trade Republic customers who have been customers for a number of years? I'm just curious if this changes the tax?
Most existing Irish customers are getting paid 2.25% with a 50k cap and no part-MMF investment.
Most recent Irish customers are getting paid 3.00% or more recently 3.04% with a 50k cap no part-MMF investment.
In Germany, and in many other EU countries, new customers are getting paid 2.25% with no cap with the deposit in partner banks and MMF and often a local IBAN.
3.04% is the rate for new customers in Ireland right now but I would guess that change is coming.
Most recent Irish customers are getting paid 3.00% or more recently 3.04% with a 50k cap no part-MMF investment.
In Germany, and in many other EU countries, new customers are getting paid 2.25% with no cap with the deposit in partner banks and MMF and often a local IBAN.
3.04% is the rate for new customers in Ireland right now but I would guess that change is coming.
Could be mistaken but don't you manually activate interest in the Trade Republic app.?
Go to the Cash tab, click on the Interest tile or section, and select the option to turn or activate it.
It does not start on its own for new users (if I recollect properly) though haven't anything in it anymore.
Go to the Cash tab, click on the Interest tile or section, and select the option to turn or activate it.
It does not start on its own for new users (if I recollect properly) though haven't anything in it anymore.
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dowtchaboy
Registered User
- Messages
- 14
Ummm... why this need to "activate the interest"? If you don't, does the deposit just sit there doing nothing? Why would anybody put money into that? This seems as logical as leaving €5,000 earning little or nothing in the Credit Union as security for your loan of €5,000 on which you pay mucho interest!
balders93
Registered User
- Messages
- 215
Because they want to put your money on deposit with pillar banks and/or MMFs to earn that interest, but they need your permission to move your money into those accounts.
If you don't activate then yes it just sits with Trade Republic doing nothing.