We pass on the ECB interest rate of currently 3.25% p.a. on all cash deposits – uncapped with the new Trade Republic IBAN.
Interest is accrued daily and paid out monthly. This means that on each day, at the end of the day, we determine the balance of your cash account and multiply this amount by the share of the applicable interest rate per year attributable to the respective day. Then all the values of the individual days will be summed up and the total amount will be forwarded to your cash account as a monthly payout.