It beats the 0.00000001% available on most other savings accounts. Trade republic is a German online stock broker. 2% is available on cash balances of up to €50,000 and is covered up to €100,000 by the deposit guarantee scheme.
Try again by switching from desktop to app or visa versa.
delete
How does the monthly interest work? So if I put in 10,000, I get 2% or 200 euro interest. But they say it's applied monthly. So do I get 200 / 12 monthly?
In the first full month you would get 16.67 Euro interest and if you don't touch it, then due to compound interest the amount will go up to 16.69 Euro next month etc. So, if you leave it there for a year you would actually get 201.84 Euro interest. Not 200 Euro.
Assuming off cause that there is no change in interest rate, which is unrealistic.
If I try on browser it pushes me to use the app
Can anyone let me know if a driver's licence will work for identification or do they require a passport?
Just a passport
Nope a passport or passport card. The whole thing is a bit of a pain as you need to move the document in front of your camera and can take a while.
Will my money be safe?
Interested in a referral code too please.
Me too, please.
There is a thread in the dedicated Referral codes section of boards:
Trade Republic 2% interest on Savings + referral bonus — boards.ie - Now Ye're Talkin'
Post 26 in this thread should give you a starting point for your own research.
Did anyone invest after opening and get their free fractional stocks? What were they?
Yeah I got Tesla when I signed up and Alphabet for someone I referred. Both worth around €50.
Did you have to invest much to get the free stocks. I thought you got the stocks free when you signed someone up.
I had to deposit 500 euro and make 3 trades. I'm using it for its savings rate so the 500 euro doesn't really matter to me anyway. For the trades, I just bought 10 euro worth of bitcoin 3 times and sold it again.
I signed up this week, the deposit is now 3k
I've given 50% to boardsies who sign up with my code in the referral thread.
I'm interested in a code, please
Pm sent
My 3 trades went through, got ~€50 of Disney myself
Anyone have issues adding their TAX ID within the Trade Republic app? I assumed it would be my PPSN but it doesn't allow me to input letters (only numbers) and when I enter my PPSN without the letter it says it is an incorrect TAX ID.
I was able to put in my PPS, letter and all without any issue
I got 55.31€ of Amazon for putting 3,000€ into the account and doing 3 trades which cost me 3.43€ (including loss), not a bad profit for a few seconds of work and 3.43€.
Cant be done on the android app, but you can do it from the web app on a desktop
They've rejected my sepa transfer for some reason - anyone know if you deposit by credit card is it treated as cash?
What are people using for tax id?
That came through today @eclipsechaser Thanks a mill!
Same, I got €50 apple shares today for signing up and @eclipsechaser sent me half of the €50 referral bonus to my Revolut too
Me too!
