Trading 212 Now Offers 3% Interest on EUR in 13 European Countries

Trading 212 has just raised the bar for cash interest in Europe. As of March 2026, users in 13 European countries who fall under Trading 212 EU GmbH can now earn 3% per annum on their uninvested EUR cash, one of the highest rates available from any European broker.

This is a significant move, especially considering that the current ECB deposit facility rate sits at around 2.00%. Trading 212 is effectively offering a premium above the reference rate, making it a compelling option for anyone holding EUR cash in a brokerage account.

Which countries are eligible?

The 3% EUR interest rate is available to Trading 212 users in the following countries:

• Austria
• Denmark
• Finland
• France
• Germany
• Iceland
• Ireland
• Liechtenstein
• Luxembourg
• Netherlands
• Norway
• Sweden
• Switzerland

These are all users whose accounts are serviced under Trading 212 EU GmbH, Trading 212's partner entity for these markets. If you're in one of these countries and already have a Trading 212 account, you should see the updated interest rate reflected automatically.

How does the interest work?

Here are the key details about how Trading 212's EUR interest works:

• Interest rate: 3% per annum on EUR
• Accrual: Interest is calculated daily on your uninvested cash balance
• Payout: Interest is paid out monthly
• Minimum balance: None - you earn interest from the first euro
• Maximum cap: None - there's no upper limit on the balance that earns interest

This is a standout feature. Many competitors, like Trade Republic, may impose caps (e.g., interest only on the first €50,000) or require minimum balances. Trading 212 keeps it simple: all your uninvested EUR earns 3%, no strings attached.

Where is the cash held?

Your uninvested cash is held with J.P. Morgan SE, a credit institution authorized and supervised by the German Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB). A portion of this cash is also invested in Qualifying Money Market Funds (QMMFs), which are low-risk, highly liquid funds designed to preserve capital. These QMMF holdings are held separately from Trading 212's own assets.

This means the cash deposited with J.P. Morgan SE is protected under the German Deposit Guarantee Scheme, which covers up to €100,000 per depositor. This is the same level of protection you'd get at any major European bank. The portion held in QMMFs, while not covered by the deposit guarantee, benefits from strict regulatory standards and asset segregation.

According to Trading 212, there is no significant additional market risk, credit risk, or liquidity risk associated with this interest arrangement. While QMMFs carry a minimal level of investment risk, they are among the safest investment vehicles available.

Why is Trading 212 offering above the ECB Rate?

This is a fair question. If the ECB deposit rate is around 2.00%, how can Trading 212 offer 3%?

We reached out directly to Trading 212's partnerships team for clarification. Their response was straightforward: the additional spread is a business decision aimed at growth.

In other words, Trading 212 might be subsidizing the difference as part of their growth strategy, similar to how some neobanks offer above-market savings rates to attract new customers.

How does this compare?

Let's put Trading 212's 3% EUR rate in context: Check the best savings accounts in Europe and compare.

_{Note: Rates are approximate and may change. Always check the latest rates on each platform's website.}

Trading 212 currently leads with both the highest rate and no cap, which is a strong combination for users holding significant EUR cash balances.

What you should know

A few important things to keep in mind:

• This rate applies only to EUR. Other currencies may have different rates, check your Trading 212 account for the latest figures.
• The rate is variable. Like all interest rates tied to central bank policy, this could change if the ECB adjusts rates.
• Only available in the 13 listed countries. Users in other European countries served by different Trading 212 entities may see different rates.
• Interest is on uninvested cash only. Money invested in stocks, ETFs, or other instruments does not earn this interest.

Final thoughts

Trading 212's move to offer 3% on EUR is a strong signal that competition for European investors' cash is heating up. With no caps, no minimum balance, and funds protected by the German Deposit Guarantee Scheme at J.P. Morgan SE, this is one of the most attractive cash interest offerings currently available from a European broker.

If you're in one of the 13 eligible countries and not yet using Trading 212, this could be a good reason to consider opening an account. And if you're already a Trading 212 user, the interest should already be reflected in your account, no action needed on your part.

Open a Trading 212 account here and start earning 3% on your EUR cash today.

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