Trade Republic paying 4% on deposits up to €50,000

Quick question. Are there issues involved in transferring by SEPA funds from Trade Rep to Raisen.

I want to transfer about 50k over a single transfer.

will i encounter problems ?
 
It's been a while since I transferred to raisin but I believe they have a security restriction that means only one account can transfer in and out.

Also does it need to be in one go? Could it be several transfers to reduce the risk of delaying the whole thing if something goes wrong in transit?
 
someCitizen said:
It's been a while since I transferred to raisin but I believe they have a security restriction that means only one account can transfer in and out.

Also does it need to be in one go? Could it be several transfers to reduce the risk of delaying the whole thing if something goes wrong in transit?
Click to expand...
No, you can drip feed into your Raisin account. Only when the balance reaches the required level will your deposit application be completed.
 
Trade Republic has introduced current accounts in Germany under their new banking license, getting an IBAN, card and Interest of 4% continues.

In addition, they say that the wait list for the card is gone now.

No info as yet on how long it will take until the account is available to all customers in the EU.
 
Hi all. Sorry if this is a stupid question but I’ve just moved some money from the revolut savings to TR.

On the savings best buy page under the TR 4% savings it says “This rate requires opt-in inside the app”

I’m probably really stupid but I can’t find anywhere on the app to opt into the 4% interest rate. Any ideas?

Thanks.


Update:
Okay Nevermind. I had to uninstall the app and reinstall it and then there was an option to opt in to the 4%.
 
Last edited:
DublinTexas said:
Trade Republic has introduced current accounts in Germany under their new banking license, getting an IBAN, card and Interest of 4% continues.

In addition, they say that the wait list for the card is gone now.

No info as yet on how long it will take until the account is available to all customers in the EU.
Click to expand...

Good news that Trade Republic are going to offer current account product.

The 4% interest now apparently has no cap as well. Source: https://x.com/traderepublic/status/1795342185119793179?s=46

But it does not seem to be live yet - I guess this is getting rolled out over the coming weeks in conjunction with the current account offering?
 
Lightning said:
Good news that Trade Republic are going to offer current account product.

The 4% interest now apparently has no cap as well. Source: https://x.com/traderepublic/status/1795342185119793179?s=46

But it does not seem to be live yet - I guess this is getting rolled out over the coming weeks in conjunction with the current account offering?
Click to expand...

The no cap can only be applied once the account has moved to Trade Republics own bank license (and then please remember the German Bank Guarantee Limits), so until the current trading account moves into the current account (with IBAN of TR) it won't happen.

Plus they are going to roll this out in Germany first and envision it to take month, so nobody knows when it's available for the non-German location, remember also that once the account moves you might need to re-do KYC process because for a true bank account the requirements are higher than for a trading account.
 
It was nice whilst it lasted. Wondering if it would be wise to now consider moving my €50k lump sum out of Trade Republic and into Advanzia where it will hopefully continue to earn 3.97% until August 31st.
 
Hi - brand new to AAM and saw this forum as a perfect one for me to ask the sages a question or three. Thank you in advance for any guidance.

So, I have taken the leap and moved a decent chunk to Trade Republic out of the hellhole that is Irish Banking. Yes, earning 4% but will be altered to 3.75% with central bank's decision.

My question is this. There is a really attractive bond offer with Trade Republic right now called Bond Aug 2026 from Deutsche Pfandbriefbank @ 5.5% Annual Return. I've never invested in anything really before and understand bonds to be a saf-ish option. Am I correct; would ye recommend; can anyone expand on the limited information TR seem to be publishing about the bond.
 
Goozer16 said:
Hi - brand new to AAM and saw this forum as a perfect one for me to ask the sages a question or three. Thank you in advance for any guidance.

So, I have taken the leap and moved a decent chunk to Trade Republic out of the hellhole that is Irish Banking. Yes, earning 4% but will be altered to 3.75% with central bank's decision.

My question is this. There is a really attractive bond offer with Trade Republic right now called Bond Aug 2026 from Deutsche Pfandbriefbank @ 5.5% Annual Return. I've never invested in anything really before and understand bonds to be a saf-ish option. Am I correct; would ye recommend; can anyone expand on the limited information TR seem to be publishing about the bond.
Click to expand...
I am in no way saying I know anything about the bond market but I think you should be aware that this is not a bond issued by a country (despite their owners) but by a corporate entity.

Here is an article from February that might help to explain the return

 
'Evening all. What's the cheapest way of transferring funds to Trade Republic ? The interest rate is very good fees seem to be a bit on the high side. Maybe I'm missing something here.:oops:
 
Bradipo said:
I found this interesting reddit post from a Dutch tax resident:

He mentioned he just opened an account with Trade Republic, and got an Ireland IBAN.
I consider this a good news for Irish residents, I think the current accounts for Ireland could be soon activated
Click to expand...

I think this is too early for it to be a sign of a current account.

This is most likely due to the fact that this particular customer's escrow account is with Citibank Europe plc using an Irish IBAN.

But as the poster did not provide either BIC or the first couple of IBAN digits it's hard to know.
 
I just did a transfer from Revolut to TR (to the German IBAN at Citibank) and to my surprise the money was credited within 5 minutes, I did not expect TR to process Real Time now.
 
I have an Irish IBAN, well starts with IE and has HSBC in it.

I also have the option to order a card. Does that make it a regular account?
 
You must log in or register to reply here.
Back
Top