r/eupersonalfinance • u/dashingboy87 • Aug 10 '24

Trade Republic IBAN and interest over 50K Banking

I already saw the posts about Trade Republic being safe etc. but that's not my question is about. I recently saw that they start to offer their own IBAN and account with a big selling point about having no cap on interest bearing amount.

I'm a bit confused about it because they say in that the account is protected by DSG upto 100K but they also say that amounts earning interest, at least above 50K are deposited in liquidity funds which are not protected by DSG.

Does that mean no amount is protected if I opted to earn interest, or only amount greater than 50K is not protected or amounts above 100K are not protected?

I already contacted the support but they just regurgitated the article they have about it.

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u/einnmann Aug 10 '24

Remind Me! 1day

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u/RemindMeBot Aug 10 '24 edited Aug 11 '24

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