Prices correct as of 6 July 2026, scraped directly from Bunq and Trade Republic.
| Bunq | Trade Republic | |
|---|---|---|
| Best instant access | 3.01% AER | 3% AER |
| Best fixed term | 2.11% AER (12 mo) | None |
| Deposit guarantee | Dutch DGS | German DGS |
| Provider type | Neobank | Neobank |
| Products listed | 5 | 1 |
Our verdict
Ireland's two favourite EU neobanks for parking savings, both protected by €100,000 national deposit guarantees (Dutch and German respectively). Bunq usually edges the headline instant-access rate and takes balances to €100,000; Trade Republic caps interest-earning balances lower but doubles as an investment platform if you ever want shares or ETFs alongside cash. Neither auto-deducts Irish DIRT — you declare it yourself either way. Pick on rate and ceiling: check the live numbers below.
Frequently asked questions
Who pays a better rate, Bunq or Trade Republic?
Bunq currently has the higher best rate — 3.01% vs 3% AER. Rates are scraped daily from both providers.
Are Bunq and Trade Republic savings protected?
Yes — Bunq deposits are covered by the Dutch DGS and Trade Republic by the German DGS, each up to €100,000 per person.
What about DIRT tax?
Irish banks deduct 33% DIRT at source. EU neobanks generally do not — you declare interest to Revenue yourself. The comparison rates shown are gross AER.