FinTech news in Trade Republic category

While German startup Trade Republic is better known as a mobile app that helps you buy and sell stock, the company is adding interest on uninvested cash. With this new feature, Trade Republic will likely attract new customers who are looking for higher interest rates as inflation impacts the savings of European consumers. Users who hold cash in their Trade Republic account will receive 2% in annual interest. More precisely, Trade Republic says that interests will be calculated on a daily basis and the startup credits user accounts once per month.