Trading 212 raises € interest to 4% paid daily

[pandaman]

@wrennelson143 Trade republic has had 4% for months

 

[wrennelson143]

@pandaman Ok, thanks for the info. My questions still stand, no matter which broker you choose to get interest from.

 

[shyivee]

@wrennelson143 Trade republic also has 4% and is protected by the German 100k guarantee

 

[chose]

@shyivee The 4% only applies till 50k.
It's the security that applies till 100k.

 

[shyivee]

@chose Yup that’s what I meant

 

[davidbekham]

@wrennelson143 So how much would you get daily if you have 1k ?

 

[wrennelson143]

@davidbekham 1000 * 4% = €40 a year.
€40 / 365 = 11 cents a day.
(Average - Could be 10 at the beginning, 12 at the end)

 

[davidbekham]

@wrennelson143 So I’m getting 11 cent a day then . They wasn’t clear as they mentioned 4% daily not 4% yearly

 

[wrennelson143]

@davidbekham They say the will pay you daily
4% daily makes you a billionaire in not time.

 

[davidbekham]

@wrennelson143 False advertising

 

[wrennelson143]

@davidbekham Absolutely!
Just called the ombudsman, no I’m calling my mom…

 

[pandaman]

@davidbekham Oh my god

 

[davidbekham]

@wrennelson143 It’s 4% yearly not daily . This is false advertising

 

[tommyosmena]

@davidbekham Bank savings interest rates are always expressed as annual percentages.

 

[cotta]

@davidbekham Its not false advertising. You just need to learn to understand what you read

 

[kharrisbeckett]

@davidbekham This is not crypto

 

[planbtozer]

@wrennelson143 vai aterrar de focinho no chão adoro quem diz isso todos os dias, e quando acontece acham que tinham razão… os juros a equilibrar/baixar e a inflação a estabilizar mas yah… o mercado vai quebrar mesmo a força toda, diria até para níveis de 2001 ahahah

 

[deqxter]

@wrennelson143 Euribor12m already dropped from 4.2 to 3.6%. I don't think 4% is accurate.

 

[hb3]

@wrennelson143 Depends what your current bank accounts rates are. Some countries have little to no interest. Be as well get something.

 

[ksheppard]

@wrennelson143 4% paid daily and compounding daily????