Your cash deposits are distributed among partner banks, such as Deutsche Bank, HSBC or J.P. Morgan and for higher balances are further diversified into liquidity funds (only if you have already activated your Trade Republic IBAN). Your deposits on each escrow account are protected with up to €100,000 respectively. You can find further information on deposit protection of each partner bank in the respective Depositor Information Sheets.
Cash deposited in the liquidity funds are directly held on a segregated custody account. Liquidity funds’ allocations follow the same strict safeguarding rules that are in place for stocks and ETFs. This means that your assets are segregated from corporate assets. Hence, for liquidity funds, deposit guarantee schemes do not apply.