Trade Republic, a popular stock trading app, adds 2% interest on cash

While German startup Trade Republic is better known as a mobile app that helps you buy and sell stock, the company is adding interest on uninvested cash. Users who hold cash in their Trade Republic account will receive 2% in annual interest.
This feature reminds me of Robinhood’s brokerage cash sweep program. In the U.S., Robinhood users currently get 1.5% interest on cash sitting in their accounts.
With this new feature, Trade Republic will likely attract new customers who are looking for higher interest rates as inflation impacts the savings of European consumers. Of course, the company prob

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