What is the interest rate on Trade Republic Savings Account?
Trade Republic Savings Account pays 3.04% AER. After 33% DIRT tax, the effective rate is 2.04%.
Trade Republic Savings Account
3.04% AER - Instant Access savings account from Trade Republic. 2.04% after 33% DIRT tax.
Account Details
- Interest Rate: 3.04% AER (2.04% after DIRT)
- Account Type: Instant Access
- Access: Instant access - withdraw anytime
- Minimum Deposit: €1
- Maximum Deposit: No maximum
- Deposit Protection: Partner banks' DGS
- Provider: Trade Republic
Notes: Interest on uninvested cash. 3.04% AER on balances up to €50,000, for new customers. No tax is withheld on interest; declare it in your tax return.
Interest Calculator
Estimated annual interest at 3.04% AER:
- €1,000 → €30.40 gross (€20.37 after DIRT)
- €5,000 → €152.00 gross (€101.84 after DIRT)
- €10,000 → €304.00 gross (€203.68 after DIRT)
Use our savings calculator for detailed projections.
About Trade Republic
German broker. Interest on uninvested cash. No DIRT auto-deduction.
Website: https://traderepublic.com/
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Frequently Asked Questions
Is my money protected with Trade Republic?
Yes, deposits are protected under Partner banks' DGS. This provides protection up to €100,000 under EU deposit guarantee rules.
How do I open this account?
Download the Trade Republic app and complete ID verification. The process is fully digital.
Do I have to pay tax on the interest?
Yes, interest is subject to 33% DIRT (Deposit Interest Retention Tax). Trade Republic does not deduct DIRT automatically - you must declare it in your tax return.
More Information
- Compare all savings accounts: https://www.smartsaver.ie/savings
- All Trade Republic accounts: https://www.smartsaver.ie/savings/provider/trade-republic
- Savings calculator: https://www.smartsaver.ie/savings/tools/savings-growth
- Trade Republic website: https://traderepublic.com/