Trade Republic has recently introduced a new offering in the Netherlands, launching its first free current account for Dutch users.

Key Features of the New Account

This new account allows customers to send and receive funds easily. Users can instantly add or withdraw money from other bank accounts, with a 2% interest rate paid monthly on all cash deposits, uncapped. The previous EUR 50,000 limit no longer applies.

Additionally, users can link their salaries to this account for automatic deposit. There are no fees for making free instant transfers for bills and other daily transactions, and a 1% Saveback on card payments is offered with no ATM fees above EUR 100 or surcharges for international transfers.

Enhanced Banking Services for Dutch Savers

Trade Republic aims to empower Dutch savers by providing transparent and fair interest rates, featuring a full ECB rate of 2% for both new and existing customers. The company also introduces free savings plans and automated tax handling.

According to research from Ipsos I&O, commissioned by Trade Republic, 59% of Dutch savers are dissatisfied with the average interest rate of 0.11% offered by their banks in April 2025. Trade Republic addresses this dissatisfaction by offering a clear and fair interest rate.

Trade Republic’s free current accounts come with Dutch IBANs, allowing seamless financial transactions. There are no subscription fees for holding an account, and users can withdraw their money at any time. Partner banks like Credit Agricole, Deutsche Bank, J.P. Morgan, and HSBC ensure the safety of funds up to EUR 100,000 through the European Deposit Guarantee Scheme.

By integrating savings plans with card payments, Trade Republic provides an added benefit where users can earn a return on their cash even when it’s not invested. The interest is calculated daily and paid monthly, offering a comprehensive financial ecosystem to optimize money movement and investing.