logo
Trade Republic Launches Its Dutch Banking Offering, Challenging Local Banks With a Free Current Account With a Dutch IBAN and 2% Interest Uncapped on All Cash Deposits

Trade Republic Launches Its Dutch Banking Offering, Challenging Local Banks With a Free Current Account With a Dutch IBAN and 2% Interest Uncapped on All Cash Deposits

Business Wire6 days ago
AMSTERDAM--(BUSINESS WIRE)-- Three years after its launch in the Netherlands, Trade Republic has established itself as an important part in the financial lives of 200,000 Dutch customers. With the new current account, customers can send money to anyone, add or withdraw funds from other banks instantly, and earn 2 percent interest on their cash. Both new and existing customers benefit from the ECB rate of 2 percent on their entire cash balance. The current account completes Trade Republics card offering with the unique Saveback feature, earning a 1 percent Saveback reward for every card payment back into their savings plan. As Europe's largest savings platform – with more than 8 million customers and over 100 billion euro in assets under management – Trade Republic once again reinforces its commitment to making banking and long-term wealth building simpler and more affordable for all Europeans. Trade Republic now provides everything Dutch customers need to make the most of their money.
'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 percent 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.'
Dutch household savings reached a new record in December 2024, surpassing 600 billion euro. Ipsos I&O research commissioned by Trade Republic however shows that 59 percent of Dutch savers are unhappy with the interest offered by their banks. In April 2025 the average interest rate on current accounts was only 0,11 percent. Trade Republic is proud to offer Dutch customers the most transparent and fair interest rate on the market: the full ECB rate, currently 2 percent, on their entire current account balance for both new and existing customer.
'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 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.'
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 euro.
The combination of Trade Republic's banking products, including a current account with 2 percent interest, Dutch IBANs and automated tax returns, provides users with a complete financial ecosystem to optimize their money. With the added benefit of 1 percent Saveback on card payments, automatically reinvested into their savings plans, users have an additional opportunity to grow their wealth. This approach allows users to manage their finances efficiently, from everyday banking to long-term wealth building, all through a secure and easy to use platform.
For information:
About Trade Republic
Trade Republic is on a mission to empower everyone to create wealth with easy, safe and free access to the financial system. With millions of customers across 17 European countries and over 100 billion euro in assets under management, Trade Republic has become the home screen app for Europeans to manage their wealth. Trade Republic offers savings plans, fractional trading of shares, ETFs, bonds, as well as derivatives and crypto. On top of that, customers benefit from the Trade Republic card with 1 percent Saveback on card payments and interest offering that pays the European Central Bank (ECB) interest rate to all customers. Trade Republic is a full-service bank and is supervised by the Federal Financial Supervisory Authority (BaFin) and Deutsche Bundesbank. Europe's largest broker and leading savings platform has received growth capital from leading global investors such as Accel, Peter Thiel's Founders Fund, Ontario Teachers' Pension Plan, Sequoia, Creandum and TCV. The Berlin-based company was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Subdued dollar firms after ECB leaves rates alone; tariffs and Fed in focus
Subdued dollar firms after ECB leaves rates alone; tariffs and Fed in focus

Yahoo

time34 minutes ago

  • Yahoo

Subdued dollar firms after ECB leaves rates alone; tariffs and Fed in focus

By Alden Bentley and Stefano Rebaudo (Reuters) -The dollar traded sideways versus the euro on Thursday after the European Central Bank held rates steady, and was confined to a tight range against the yen as prospects for higher Japanese rates offset worries about political risk after Sunday's elections. The greenback showed fractional gains late in a subdued U.S. session, with investors girding for a busy news flow next week. The European Central Bank left its policy rate at 2%, as expected, on Thursday, taking a break after a year of policy easing to wait for clarity over Europe's future trade relations with the United States. "The view that the ECB is probably on hold here is probably gaining a bit more traction. We've trimmed expectations for the cuts in September to certainly less than 50/50," said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto. The Japanese central bank's deputy governor, Shinichi Uchida, said Tuesday's trade deal with Washington had reduced economic uncertainty, comments that fuelled optimism in the market about the potential resumption of interest rate hikes. Analysts believe the yen will face persistent headwinds after Sunday's upper house election, with the opposition considering a no-confidence motion. The European Union is nearing a deal that would impose a broad 15% tariff on EU goods, diplomats said. The rate, which could also extend to cars, would mirror the framework agreement the United States struck with Japan. "The ECB faces a challenge that is quantitatively different from the BoJ's," said Thierry Wizman, global forex and rates strategist at Macquarie Group. "The euro has appreciated by far more than the JPY so far in 2025, meaning that the disinflationary impulse from U.S. import tariffs may be greater in the EU than in Japan, or the ECB may suspect as much," he added. PMI data showed fragility in France following budget-cut proposals there, but also resilience in Germany and other parts of the euro zone. Data showed that German business activity continued to grow marginally in July. "As of now, there has been very little tariff impact on the hard data," said Mohit Kumar, economist at Jefferies. ECONOMIC FALLOUT Meanwhile, risk assets rallied as the trade deals eased fears over the economic fallout of a global trade war. Next week the Federal Open Market Committee meets and is expected to leave rates where they are as policy makers wait for the expected impact from tariffs on inflation and growth to show up. Traders are now pricing in a 60% chance of a quarter point September rate cut, according to CME's FedWatch tool. A number of U.S. employment releases next week culminate with Friday's big June payrolls report, while the July Personal Consumption Expenditures Price Index and the first revision to 2nd quarter Gross Domestic Product could also move markets. "A lot of event risk next week and not just from the Fed, we've got a lot of data next week as well, so that's probably going to shape expectations to some extent for September," Osborne said. The euro was last off 0.03% $1.1766, near the $1.1830 high from earlier this month, which marked its strongest level in more than three years. Against the yen, the dollar was 0.27% firmer at 146.88, having hit a two-week low earlier in the session at 145.86. Olivier Korber, forex strategist at Societe Generale, expects the yen to strengthen further, citing support from the trade deal and prospects for higher interest rates. Japanese Prime Minister Shigeru Ishiba denied on Wednesday he had decided to quit after a source and media reports said he planned to announce his resignation to take responsibility for a bruising upper house election defeat. Currencies mostly shrugged off news that U.S. President Donald Trump, a vocal critic of Federal Reserve Chair Jerome Powell, will visit the central bank on Thursday, a surprise move that escalates tensions between the administration and the Fed. The dollar index, which measures the greenback against a basket of six currencies including the euro and yen, rose 0.17% to 97.36. In cryptocurrencies, bitcoin rose 1.17% to $119,376.30. Ethereum rose 4.62% to $3,735.62. Sign in to access your portfolio

GTJAI Achieved 'Carbon Neutrality' at Operational Level for the Third Consecutive Year
GTJAI Achieved 'Carbon Neutrality' at Operational Level for the Third Consecutive Year

Business Wire

time3 hours ago

  • Business Wire

GTJAI Achieved 'Carbon Neutrality' at Operational Level for the Third Consecutive Year

HONG KONG--(BUSINESS WIRE)-- Guotai Junan International Holdings Limited ('GTJAI' or the 'Company', stock code: a company of Guotai Haitong Group, is pleased to announce that while actively saving energy and reducing emissions, it has successfully offset its Scope 1 and Scope 2 carbon emissions totaling 609.29 tons of carbon dioxide equivalent for the year 2024 by subscribing to the carbon credits issued under the international Verified Carbon Standard (VCS). This marks the third consecutive year that GTJAI has achieved 'carbon neutrality' at the operational level, demonstrating the Company's leading practice and commitment to green operation. The carbon credits come from 'Guoluo Grassland Sustainable Management Project' located in Guoluo Tibetan Autonomous Prefecture, Qinghai Province, China. It is dedicated to the restoration of degraded grassland ecosystems, based on the holistic nature of the ecosystems, in line with the concept of ecological civilization construction, and to effectively respond to the challenges of climate change. The project is also the first grassland carbon project in China receiving both VCS certification and the Climate, Community and Biodiversity Standards (CCB) - CCB-Biodiversity Gold Level certification. In recent years, GTJAI has been continuously reducing its operational carbon footprint through systematic energy saving and emission reduction initiatives, which is the core support for the achievement of 'carbon neutrality', including vigorously implementing energy-saving renovation of office space, deepening digitalization and paperless transformation, and implementing stringent waste management (100% safe recycling of hazardous waste by 2024). Solid internal emission reduction efforts, combined with carbon offsetting through high-quality carbon credits, enabled the Company to achieve 'carbon neutrality' at the operational level. Adhering to the core philosophy of 'finance for the country, finance for the people, finance for the good', GTJAI has always placed sustainable development at the core of its corporate strategy. The Company is committed to supporting the real economy through financial services while facilitating the green transformation of its corporate clients. In 2024, the Company successfully completed 90 sustainable finance projects covering green bonds, sustainable bonds and green sector IPOs with a total issuance volume of HK$179.8 billion, significantly broadening the financing pipeline for the green industry. Meanwhile, the private equity sector is actively engaged in the sustainability sector, with more than half of its investments focusing on ESG-related industries. Looking ahead, GTJAI will deepen the level of ESG governance, fully integrate ESG factors into its operations and management processes, further leverage its professional strengths and enhance the level of green financial services capabilities. Through innovative products and services, GTJAI will proactively contribute to the realization of the country's 'dual carbon' goal and promote the high-quality development of the economy and society. About GTJAI Guotai Junan International ('GTJAI', Stock Code: a company of Guotai Haitong Group, is the market leader and first mover for internationalization of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering. Based in Hong Kong with subsidiaries in Singapore, Vietnam and Macau, GTJAI's business covers major markets around the world, offering high-quality and diversified comprehensive financial services for clients' overseas asset allocation. Core business includes brokerage, corporate finance, asset management, loans and financing, financial products, which cover three dimensions including individual finance (wealth management), institutional finance (institutional investor services and corporate finance) and investment management. GTJAI has been assigned 'Baa2' and 'BBB+' long term issuer rating from Moody and Standard & Poor respectively, as well as an MSCI ESG 'A' rating, Wind ESG 'A' rating and SynTao Green Finance 'A' rating in ESG. Additionally, its S&P Global ESG score leads 84% of its global peers. The controlling shareholder, Guotai Haitong Securities (Stock Code: is the comprehensive financial provider with a long-term, sustainable and overall leading position in the China's capital markets. For more information about GTJAI, please visit

Private investors buy into largest-of-its-kind solar deal to electrify Kenya
Private investors buy into largest-of-its-kind solar deal to electrify Kenya

CNBC

time5 hours ago

  • CNBC

Private investors buy into largest-of-its-kind solar deal to electrify Kenya

Commercial banks have bought into a major $150 million financing deal for off-grid solar power in Kenya, in a sign of growing investor confidence in the electrification of sub-Saharan Africa. Sun King, an off-grid solar energy company, raised the Kenyan-shilling equivalent of $156 million by bundling future payments from its solar-power customers into an asset-backed security that was bought by investors. The deal, arranged by Citi , is one of the largest of its kind and the first to be led by commercial banks. The transaction is expected to enable the sale of about 1.4 million solar home systems to Kenyans, most of whom live in rural areas without access to the electricity grid, according to Sun King. The deal, which pays investors a small premium above the Kenya government's 6-month bond yield, which currently trades at 8.4%, was structured with two tranches. The senior tranche — a relatively safer slice — of the debt was funded by commercial banks, including Absa , Citi, The Co-operative Bank of Kenya, KCB and Stanbic Bank Kenya. Development finance lenders (DFIs), including the British International Investment and the Dutch development bank FMO — which have traditionally been the primary backers of such ventures in the past — bought into a smaller but riskier "mezzanine" tranche, which would be the first to absorb losses if they occur. "This is an example of how to create structures that enable private capital to come in at scale," said Jorge Rubio Nava, Citi's Global head of social finance. This layered structure was critical, providing a safety cushion that made the deal palatable for the commercial lenders. "It's important for [DFIs] to be in the mezzanine, and that's where they can provide a cushion to the senior private capital lenders," Rubio said. The investment arrives amid a challenging macroeconomic backdrop for Kenya. The nation is grappling with persistent budget deficits, with the country paying close to 10% interest on its foreign currency-denominated debt. "The situation may be manageable for now, but without a clear and credible consolidation path backed by external support from the IMF we fear sovereign default will become harder to avoid over time," said David Omojomolo, Africa economist at Capital Economics, in a note to clients on July 3. Skipping a generation About 600 million people in Africa live without grid-connected electricity, according to a 2022 report by the European Investment Bank. The stretched public finances, not just in Kenya but across sub-Saharan Africa, mean state-led investments to grow the electrical grid remain constrained. Sun King and a growing number of off-grid solar companies, like Ignite Energy Access, are leapfrogging the grid entirely by providing households with solar panels and battery storage. A key hurdle for consumers has been the high upfront cost. A "pay-as-you-go" model, used by Sun King and others, aims to make these off-grid systems more accessible. Customers pay a small deposit of about $7 and then make small weekly payments over 12 to 18 months to own the system and pay off the loan. "What makes this work is that we collect small, steady and predictable payments from millions of customers," said Anish Thakkar, co-founder of Sun King. "Then we bundle those payments together and securitize them." The securitized notes are sold to large investors, providing Sun King with the upfront capital it needs to manufacture and distribute more solar systems. The deal builds on a previous $130 million securitization completed in 2023.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store