Trade Republic Brings Current Accounts to Greece with 3% Interest Offer
By Tanya Chepkova
AI summary of the source article
Trade Republic has expanded its offering in Greece by launching current accounts, allowing users to receive salaries, pay bills, and make instant SEPA transfers within its existing investment app. The BaFin-supervised German institution is advertising a 3% annual promotional return for new customers on cash balances up to €50,000, calculated daily and paid monthly. Customer funds can be held in omnibus trust accounts at partner banks, covered up to €100,000 by deposit guarantee schemes, or allocated to liquidity funds that sit outside bank deposit insurance. Trade Republic has not disclosed how long the promotional rate will remain active.
Why it matters
The rollout combines everyday payment features with investing tools, offering Greek depositors a promotional yield above the local overnight household average.
Key facts
- Trade Republic introduced current accounts in Greece with salary deposits, bill payments, and instant SEPA transfers.
- A promotional 3% annual return is offered to new customers on cash balances up to €50,000.
- Customer funds may be held in partner bank accounts covered up to €100,000 by deposit insurance, or in liquidity funds without deposit insurance.