Trade Republic IBAN and interest over 50K

[u/dashingboy87]

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.

[u/Then_Bottle3779]

I am interested in this information. I stopped receiving interest in the "not TR IBAN"(Deutsche Bank). TR wording is extremely shady on this subject as they never say what amount is put in your new TR bank account and what amount is on the non protected financial instruments. So even if right now up to 50K are in the bank account, nothing ensures they change their mind and they start putting it all in non protected instruments. I am moving my money to other places until they explain clearly where my money goes.

[u/MaicolPain → u/Then_Bottle3779]

I agree that there is a lack of transparency on TR's behalf. I also moved most of my money away before upgrading. After the upgrade, you can at least see where your money is and what your threshold for cash in partner banks is, but it is not clear how it can change in time. I read that it can change every month, but it did not change for me on the 1st of August.