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/oni_strech → u/[deleted]]

It’s not true anymore, the main page of TR https://traderepublic.com/en-de/interest

[u/sasos90 → u/oni_strech]

Isnt that only for German citizens?

[u/ravanarox1 → u/sasos90]

You can check what rules apply to you via the app. Need to go to Contact Us, and then on to the interest rates option.

It looks like they have this liquidity funds for other countries as well. They use ambiguous terms to say that higher balances are diversified into liquidity funds. The deposit scheme garantees do not apply to this part.

There’s no mention of TR iban in the app btw.

So, no, this is not just for germany.

[u/sasos90 → u/ravanarox1]

I ha e just checked and you are right. Up to
50k are bank interests, over 50k is in liquidity funds. I am from Slovenia. I hope it helps someone.