Dilemma with Trade Republic's Daily Salaries - Here's What You Should Be Aware Of
Berlin-based neobroker Trade Republic, renowned for its competitive trading conditions and high daily interest rates, is currently under legal scrutiny. Consumer advocates in Baden-Württemberg have filed a lawsuit against the company, alleging misleading advertising of fixed interest rates.
Trade Republic offers its customers the current deposit interest rate of the European Central Bank (ECB) on their settlement account. While this offer has proven popular, the company is now facing challenges. The consumer center in Baden-Württemberg claims that rather than investing the money as promised, Trade Republic invests it in money market funds, which can theoretically fluctuate in value.
The lawsuit, announced on Tuesday, follows complaints about the advertising practices. Trade Republic has maintained that the diversification of customer deposits across multiple partner banks and money market funds was introduced in May 2024.
Despite the legal complications, Trade Republic's daily interest offer is unlikely to be affected, the company states. Customers can continue to take advantage of the high interest rates. Those interested in learning more about the offer may visit Trade Republic's website.
For customers eager to explore alternatives, the BÖRSE ONLINE daily interest comparison offers insights. As for the allegations against Trade Republic, the neobroker continues to defend its practices, assuring customers that they have always been informed about the nature of their interest offer.
It should be noted that as of May 31, 2025, no publicly available information suggests a direct connection between the lawsuit and a change in Trade Republic's daily interest rates. Further updates may be found by checking legal databases or Trade Republic's official communications.
Trade Republic, a Berlin-based neobroker known for its competitive trading conditions and high daily interest rates, is currently under legal scrutiny due to claims that it may not be investing customer deposits as promised, affecting the business aspect and investing activities. Despite this, customers can still take advantage of the high daily interest rates offered by Trade Republic for their settlement accounts, as the lawsuit is primarily focused on advertising practices and the nature of the interest offer.
