Trading 212 launches 4.2% promotional interest on EUR cash for new clients
Promo code: IITW. Open a Trading 212 account through this link and enter the code IITW to claim a free share when you sign up. When investing, your capital is at risk.
Trading 212 has launched a 4.2% promotional interest rate on uninvested EUR cash for new clients of Trading 212 EU GmbH. The promotional rate runs for 4 months from activation and then reverts to the standard variable EUR rate, currently 2.80%. Interest is paid daily, there are no minimum or maximum balance requirements to earn it, and you can withdraw your cash at any time. You can read the full details on the Trading 212 interest on cash page and in the help centre article on the promo rate:
What has changed
New clients of Trading 212 EU GmbH now earn a promotional 4.2% on uninvested EUR for the first 4 months. The rate is variable and tracks the ECB deposit facility rate, which rose to 2.50% on 16 September 2026 (ECB press release). Under the new Promotional Rate Terms, accounts opened between 16 September and 2 November 2026 still get 4.2%. Once the 4 months are over, the rate switches automatically to the standard EUR rate shown on the Terms and Fees page, currently 2.80% (variable), with no gap in interest.
The interest applies to cash held in an Invest account, it is paid every day, and it immediately begins accruing additional interest. There are no balance limits, so you earn the same rate on your entire uninvested cash balance, whether it is large or small. Your cash also stays fully accessible: you can withdraw or invest it at any time without penalty fees and without affecting your rate.
Who is eligible?
The 4.2% promotional rate is for new clients onboarded under Trading 212 EU GmbH, the entity regulated in Germany by BaFin. To qualify you need to:
- Be a new Trading 212 client (you have never held an account with any Trading 212 Group company).
- Open an Invest account with Trading 212 EU GmbH during the campaign period (16 September to 2 November 2026). The promo rate does not apply to CFD accounts.
- Within 10 calendar days of opening the account, deposit at least the minimum amount shown on the Terms and Fees page and opt in to the Interest Sharing Programme.
No promo code or special link is needed for the interest promotion: the rate is applied automatically once the conditions are met. If you opt out of interest during the promotional period you stop earning it, and the 4 months keep running from the original start date.
Based on your country of residence, your account is opened under one of Trading 212's entities, and this offer applies to the EU GmbH entity. Countries onboarded to Trading 212 EU GmbH include:
- Germany
- Austria
- Denmark
- Finland
- France & Overseas (including French Guiana, Guadeloupe, Martinique, Mayotte and Réunion)
- Iceland
- Ireland
- Liechtenstein
- Luxembourg
- Netherlands
- Norway
- Portugal (new clients since September 2026)
- Spain
- Sweden
- Switzerland
Existing clients of Trading 212 Markets Ltd (CySEC), which include older Portuguese accounts and clients in countries such as Estonia, are not part of this promotion. Their EUR rate rose from 2.40% to 2.50% on 16 September 2026.
How earning interest works
As Trading 212 is not a bank, it holds your cash through a mix of products and vehicles such as qualifying money market funds (QMMFs), time deposits, and current accounts. To receive interest you need to enable it from the “Earn Interest on cash” dashboard in the app and consent to having your cash held in QMMFs. You can disable interest at any time, and you can see exactly how your cash is split between banks and QMMFs from the same dashboard.
A qualifying money market fund holds mainly short-term, low-risk assets and aims to maintain a stable value. These funds are widely used by pension funds, insurers, and banks to hold cash while earning a little interest. They are called “qualifying” because they meet specific regulations that allow them to be treated as cash equivalents.
Is my money protected?
Where your cash is held with a bank, it is protected up to €100,000 by the applicable deposit protection scheme, such as the German Banks' Compensation Scheme (EdB). Where your cash is held through the investment side, the Securities Trading Companies' Compensation Scheme (EdW) provides protection up to €20,000. How protection applies can depend on your personal circumstances and the type of service. Note that money placed in a QMMF is treated as an investment rather than as a bank deposit, so deposit protection does not apply to it; as with any investment, its value can move.
Other things worth knowing
Interest is paid daily, rounded down to the nearest cent, with amounts below 0.01 carried forward until they reach a payable amount. You can hold and earn interest in multiple currencies within a single account, and convert between them with a 0.15% FX fee. The promotional rate applies only to EUR; other currencies earn their standard rates. Interest rates track the rates Trading 212 receives from the banks and QMMFs it works with, which in turn follow central bank rates, so they can change over time.
Tax treatment depends on your tax residency and the entity you are onboarded with. For German tax residents onboarded with Trading 212 EU, interest is subject to the standard capital income tax rate of 25%, plus a 5.5% solidarity surcharge on the tax amount and, where applicable, church tax, which Trading 212 withholds and remits on your behalf. If you are a non-German tax resident onboarded with Trading 212 EU, interest is paid gross, but your country of residence may tax it. This is not personal tax advice; if in doubt, speak to a tax advisor or the relevant tax authority.
The bottom line
If you are a new client in an eligible country, the 4.2% promotional rate on uninvested EUR makes Trading 212 a competitive option for keeping cash productive while it waits to be invested, with daily payments, no balance limits, and free withdrawals. Keep in mind that the promotional rate lasts 4 months and that all rates are variable. You can review the details and current rates on the interest on cash page and the terms and fees.
Related reading
- Trading 212 promo code “IITW”: free share for new clients
- Is Trading 212 safe?
- Term deposit calculator: estimate your interest
When investing, your capital is at risk and you may get back less than invested. Past performance doesn't guarantee future results. If you enable interest, Trading 212 will hold your cash in qualifying money market funds and banks. Otherwise, your cash will be held only in banks. Interest applies on cash in an investment account. Terms apply. The 4.2% rate is a variable promotional rate for new Invest clients of Trading 212 EU GmbH for 4 months from activation; Promo Rate Terms apply. Rates shown may no longer be current; see Trading 212's Terms and Fees page for the live rates.
