
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
'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 Funds can be withdrawn at any time and are held with partner banks such as Credit Agricole, Deutsche Bank, J.P. Morgan, and HSBC, and are protected by the European Deposit Guarantee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.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
2 hours ago
- Business Wire
Hawaii American Water Granted New Rates by Hawaii Public Utilities Commission
HONOLULU--(BUSINESS WIRE)--The Hawaii Public Utilities Commission (HPUC) has approved new wastewater rates for Hawaii American Water's Hawaii Kai, Mauna Lani, and Waimea service areas. The company's rate request was filed on August 5, 2024, and was primarily driven by over $40 million in local infrastructure upgrades in all three districts. The new rates reinforce the company's commitment to replace aging infrastructure, provide safe and reliable service, comply with environmental regulations and support infrastructure improvements for treatment plants, collection systems and pump stations. 'We are committed to making necessary infrastructure investments that allow us to continue providing safe and reliable wastewater services, while also enhancing the systems for long-term sustainability, resiliency and environmental protection,' said Lee Mansfield, Senior Manager Operations, Hawaii American Water. 'Our approach to consistent and efficient investment balanced with managing costs helps us deliver reliable and affordable service to our customers.' New rates are expected to be effective in early August 2025. The typical single-family customer in Hawaii Kai will see a monthly rate increase of approximately $4. For our Big Island operations at Mauna Lani and Waimea the typical single-family customer will see a rate increase of approximately $18 to $25 per month. The last rate adjustments were September 2003 for Mauna Lani operations and January 2011 for Waimea operations. The company last filed a rate case for the Hawaii Kai system in 2021. Customers will receive information about the new rates on their Hawaii American Water bill. Information will also be available on the company's website under Customer Service Billing, Your Wastewater Rates. About American Water American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water's 6,700 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit and join American Water on LinkedIn, Facebook, X and Instagram. About Hawaii American Water Hawaii American Water, a subsidiary of American Water, provides high-quality wastewater services to approximately 30,000 people. AWK-IR
Yahoo
5 hours ago
- Yahoo
3 Top Cybersecurity Stocks to Buy Now
Some administrators who logged in last week found their on-premises Microsoft SharePoint servers silently uploading web shells instead of documents. A single, carefully forged packet had slipped past every guardrail and granted attackers full remote control before any human had typed a password. What unfolded is now known as the ToolShell exploit chain. Security researchers at the Dutch firm Eye Security noticed an unusual file on a client's server and sounded the alarm. More News from Barchart Dear Palantir Stock Fans, Mark Your Calendars for August 4 The 3 Buffett-Backed Dividend Stocks That Beat the Market in 2025 Should You Buy the Post-Earnings Plunge in Intel Stock? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Thousands of organizations worldwide use SharePoint. Does this prove that hackers are becoming better and more dangerous? The uncomfortable answer is yes. As the internet becomes the primary place where corporations store their valuable data, cybersecurity is only going to get more important. Here are three cybersecurity stocks that have seen positive price action since the exploit. They have also topped Barchart's cybersecurity stocks list, sorted by analyst recommendations. Cybersecurity Stock #1: Cyberark Software (CYBR) CyberArk Software (CYBR) is not as familiar as a name as CrowdStrike (CRWD) or Palo Alto (PANW), but the Israeli company has built its reputation on privileged access management. More than half of Fortune 500 companies and roughly 35% of the Global 2000 rely on CyberArk to lock down the credentials that attackers prize most. Its solutions portfolio stretches from the classic Privileged Access Manager to newer software-as-a-service offerings such as Privilege Cloud, Endpoint Privilege Manager, and Secure Cloud Access, all unified under an identity security platform that now includes machine identities and, most recently, artificial intelligence agents. Q1 revenue increased 43% to $318 million. Subscription sales grew 60% year-over-year, and annual recurring revenue crossed the $1 billion mark for the first time at $1.215 billion. 85% of that total now comes from subscriptions rather than older perpetual licenses. Management guided full-year revenue to roughly $1.3 billion, implying 31.5% growth without assuming any additional large deals. The mean price target here is $449, with targets going up to $500. Cybersecurity Stock #2: Broadcom (AVGO) Broadcom (AVGO) is as much a cybersecurity company as it is a chip designer. It acquired the Symantec division in 2019, and its Endpoint Security Complete is now the default choice for enterprises that run virtual machines like VMware. Broadcom's infrastructure software grew 47% year-over-year to $6.7 billion in Q1. In Q2, it grew 25% year-over-year. Looking ahead, the company guided to $15.8 billion of revenue for Q3, up 21% year-over-year, and reiterated that AI-driven security will be one of the two main growth vectors alongside custom AI accelerators. Free cash flow is already running at more than $6.4 billion per quarter, and management returned $7 billion to shareholders through buybacks and dividends last quarter alone. Out of 36 analysts, 32 tag it as a 'Strong Buy,' with one 'Moderate Buy' and three 'Hold' ratings. Price targets go up to $400, with the mean price target at $298.55. Cybersecurity Stock #3: Zscaler (ZS) Zscaler (ZS) is a cloud-based cybersecurity company. It sends all traffic through a single cloud checkpoint before anything touches the open web or a private server. It is becoming more popular as many see it as a better solution due to its Zero Trust mode, which does not give any device trusted access. Hence, hackers can't take over the network if any device is hacked. Fiscal Q3 results exceeded even the most optimistic projections. Revenue rose 23% year over year to $678 million. Calculated billings, a forward-looking gauge of contract signings, jumped 25% to $785 million, while deferred revenue climbed 26% to just under $2 billion. Earnings per share came in at 84 cents, 12% ahead of expectations and nearly 20% higher than the year-ago quarter. The balance sheet is equally sturdy. Zscaler now holds more than $3 billion in cash and short-term investments. There are price targets going to $385, with the mean price target at $310.33. On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Business Insider
9 hours ago
- Business Insider
I left the US after being laid off from Amazon. Living in the Netherlands is more affordable, and my small business is thriving.
This as-told-to essay is based on a conversation with Denise Segler, 54, who moved from Seattle to Haarlem, a city in North Holland, the Netherlands, in 2024. The conversation has been edited for length and clarity. I fell in love with Europe at 18 during a school trip and promised to live abroad someday. I didn't know when or where, but I would make it happen. Later in life, I found myself divorced, with grown children, and recently laid off from my job. I'm a project manager in Information Technology (IT), and I used to work for Amazon. In January 2023, the company laid off my entire team. After that, I asked myself: What do I want to do with my life? I also questioned what was keeping me in the US. A lot of different things were pulling me toward Europe. I wanted to be my own boss and work as a freelancer. But health insurance in the US is incredibly expensive, and that's not the case in much of Europe. I also think Europeans have a better quality of life and work-life balance. In addition, the political climate in the US added a sense of urgency. Europe was calling my name When 2024 came around, I knew it was finally a good time to take a chance abroad. I had earned higher-level project management credentials and started actively promoting my own business as an IT project manager. I had also taken a trip to Ireland. I spent three weeks there — two on my own, and then my 27-year-old joined me for the last week. During that trip, I realized: OK, I can do this. I can go somewhere unfamiliar and be just fine. I researched different European visas and discovered the Dutch American Friendship Treaty (DAFT) visa. It allows Americans to live in the Netherlands as independent business owners. They just need to maintain a minimum of €4,500 ($5,278) in a business bank account. The visa was attractive to me. I also found out that the Netherlands had more affordable health insurance. Then I looked around, and other things were cheaper: cellphone and internet services. I thought, "Why not give that a try?" While you can do it yourself, I used a Dutch legal professional to file my visa paperwork. The legal office submitted my visa application and documents to the Dutch government on my behalf in August 2024 and let me know the visa was approved in September. I landed in Amsterdam on November 5. The Netherlands is the perfect place for me Before I moved to the Netherlands, I had never visited. But I received a lot of advice from people who had. Everyone had wonderful things to say — it was beautiful, and the people were fantastic. I live just south of Haarlem, the capital of North Holland, in a really cute neighborhood with shops, restaurants, and cafés. I feel very lucky, there's a train station just an eight-minute walk away from my apartment, and I'm right near a shopping area with all kinds of grocery stores. In some ways, the area reminds me of parts of Seattle, like the South Lake Union neighborhood. Before moving to the area, I hired a makelaar, a real estate agent, who helped me find a place to live. There's a housing shortage in the Netherlands, so you have to be either very flexible about where you live or be prepared to spend a lot of money. I was very lucky and ended up getting the first apartment I looked at. I had to pay six months' rent in advance because, as someone new to the country, I didn't have any local rental history. My apartment has a bedroom, a bathroom, and a small second room that I use as an office. There's also a combined living and dining area that leads past the kitchen. I spend more on housing but less on everything else I am self-employed, and I am withdrawing from my retirement account for now, which I do not recommend. So budgeting is important. I am paying more for housing in the Netherlands, about €1,735 ($2,041) for my apartment, but all my other bills are significantly cheaper than in the US. I pay €38 ($45) a month for internet and TV, whereas in the US, I paid over $100. My health insurance is also much cheaper here. Legally, you must have health insurance in the Netherlands, and there are a variety of insurance companies to choose from. In the US, I was on COBRA, which cost over $800 a month. Here, I pay €190 ($224) a month. It could be cheaper, but I added dental coverage and extra benefits for chiropractic care. Since I've been here, I've had my teeth cleaned once by a dentist, and that was about €150 ($176). The insurance paid half, and I paid the other half. I worried that food would be more expensive in the Netherlands, but it's not that bad. Produce is pretty cheap. For example, eggs usually come in packs of 10, costing between $3 and $4, depending on the type. The produce here is fantastic. There are farmers markets all over. I go to one every Wednesday, and I have to be careful because I always come back with all kinds of potatoes and cheeses. I think the bread is better here, too; many stores have in-house bakeries. There are pros and cons to living here English isn't an official language of the Netherlands, though most people speak it fluently. French is also commonly spoken, which works well for me. While I wasn't fully immersed in French, I practiced it five days a week for over a decade, starting when I was about nine years old. The locals are generally welcoming. I have seen someone shouting at people speaking a language other than Dutch or English, but only once or twice in the several months that I've been here. No one has been angry with me for speaking English. I think they take me as a tourist and are glad that I have a few words of Dutch. The people here are kind of direct, but I don't mind that much. Once, I went to get my hair cut, and the hairdresser commented, "Oh, you have to color your gray." I said, "No, I like my gray."' It can be hard to make friends, but there are meetup groups and Tinder, if you want to date. I do miss my chosen friends and family, and I have standing phone calls with them every Sunday night. Moving to the Netherlands was the right decision for me My life is more relaxed in the Netherlands because, honestly, I feel safer here. There aren't nearly as many guns, and I'm living in a safer neighborhood than I was in the US. I'm also not worried that a medical emergency is going to bankrupt me. I'm paying significantly less in bills, and the money I am saving every month on health insurance is going toward my savings and my business. My business is also about ready to take off. I joined two networking organizations of business owners, one based in the Netherlands and one based in the UK. I am working with a business coach, and I will be hiring a branding expert next month. My visa expires in July next year. I can request an extension, which I believe would grant me an additional three years. At that point, I would have been here five years, and I can apply for permanent residency, or, after taking Dutch classes, citizenship. I don't know if I want to become a citizen of the Netherlands, but for now, I'm just happy to be here because I can support myself.