Berlin-based Trade Republic, an online broker and bank, has announced a new free current account for its Dutch customers that pays the full ECB interest rate of 2 per cent on unlimited cash balances.

With this announcement, customers can now send and receive money instantly, move funds between banks with ease, and earn 2 per cent interest on their full balance, whether they’re new or existing users.

The account also includes Dutch IBANs and integrates with Trade Republic’s investment platform.

The current account complements Trade Republic’s existing card offering, which includes the unique Saveback feature.

This rewards users with 1 per cent back on every card payment, which is automatically invested into their selected savings plans.

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“3 years after launching in the Netherlands, we’re proud to serve 200,000 customers. With our Dutch branch, our attractive saving and investing products come with all local benefits, making it the best offering for your money on the market”, says Christian Hecker, Co-Founder of Trade Republic.

“With our free current accounts featuring Dutch IBANs, the ECB interest rate of 2 per cent uncapped on all cash balances, free savings plans, and automated taxes, we’re empowering a new generation of Dutch savers to put their money in their own hands,” adds Hecker.  

2 per cent interest rate based on ECB rate

Dutch household savings reached a record high of over €600B in December 2024. Despite this, a study by Ipsos I&O for Trade Republic shows that 59 per cent of Dutch savers are unhappy with their bank’s interest rates.

In April 2025, the average interest rate on current accounts was only 0.11 per cent.

In comparison, Trade Republic offers a 2 per cent interest rate, based on the full European Central Bank (ECB) rate, on all current account balances for both new and existing customers.

“To build long-term wealth, low-cost investing is essential,” says Erik Mauritz, Senior Advisor Netherlands at Trade Republic.

“With a flat fee of 1 euro per trade and free savings plans for stocks and ETFs, we’re already helping 200,000 Dutch customers save as efficiently as possible. Beyond investing, our interest offering has been a major success in the Netherlands. By passing the full ECB rate to our customers, we  1/2 enable them to earn a return on their cash, even when it’s not invested. We are now taking it a step further by removing the previous 50,000 euro limit and offering the full ECB rate on unlimited cash deposits,” adds Mauritz.  

According to the company, the interest is calculated daily, paid monthly, and applies to both new and existing customers. Trade Republic does not charge subscription fees for holding an account.

Funds can be withdrawn at any time and are held with partner banks such as Credit Agricole, Deutsche Bank, J.P. Morgan, and HSBC, and are protected by the European Deposit Guarantee Scheme up to 100,000 euros.

Trade Republic offers a comprehensive financial ecosystem through its banking products, which include a current account with a 2 per cent interest rate, Dutch IBANs, and automated tax returns.

Additionally, users can benefit from the 1 per cent Saveback on card payments, which is automatically reinvested into their savings plans, providing another avenue for wealth growth.

Trade Republic: Helping people build wealth

Founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri, Trade Republic is focused on helping people build wealth by giving them easy, safe, and free access to financial services.

Trade Republic offers savings plans and allows users to trade fractions of shares, ETFs, bonds, derivatives, and cryptocurrencies. Customers can also use the Trade Republic card, which offers 1 per cent cashback on purchases and interest that matches the European Central Bank (ECB) rate.

As a full-service bank, Trade Republic is regulated by the Federal Financial Supervisory Authority (BaFin) and Deutsche Bundesbank.

 It is Europe’s largest broker and savings platform, and it has received funding from well-known investors, including Accel, Peter Thiel’s Founders Fund, and others.