en

EUR

4.2%

USD

3.3%

GBP

3.55%

HUF

3%

PLN

2.25%

CZK

3%

RON

3.5%

DKK

0.25%

NOK

0.25%

SEK

0.5%

Paid daily. No minimums or limits.
Withdraw anytime.

If you enable interest, we will hold your cash in qualifying money market funds and banks. Otherwise, we will hold it only in banks. Interest applies on cash in an investment account. Terms apply. When investing, your capital is at risk.

EUR

4.2%

USD

3.3%

GBP

3.55%

HUF

3%

PLN

2.25%

CZK

3%

RON

3.5%

DKK

0.25%

NOK

0.25%

SEK

0.5%

Simple terms

No balance limits

Earn interest on your entire uninvested cash balance, big or small. One rate for all.

No withdrawal restrictions

Your cash is always free to use. Withdraw or invest it at any time without an impact on your interest rates and without any penalty fees.

You get paid daily

Your interest is paid daily, maximising your earnings

Earn interest in 10 global currencies

Deposit, invest, and hold cash in multiple currencies within a single account. Convert with just 0.15% FX fee.

Learn more

Watch the video

You are in control

Stay on top of your earnings and get real-time info about current interest rates.

Enable or disable interest on cash anytime.

EUR

4.2%

USD

3.3%

GBP

3.55%

HUF

3%

4.2%

Start building wealth now

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All stats are global. The clients figure refers to lifetime funded accounts.

Excellent

Rated 4.6 / 5 based on 104,546 reviews on

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Rated 4.6 / 5 based on 104,546 reviews on

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Frequently asked questions

What is uninvested cash and how is it held?

Uninvested cash is any cash that you have not invested in instruments like stocks and ETFs. As an investment firm, and not a bank, we are not offering deposits and hold your uninvested cash with our partner banks and QMMFs until you invest them. Learn more about QMMFs below.

How does it work?

Enable interest on cash and start receiving daily interest on the cash in your account.

Which account types are eligible for interest?

All accounts are eligible for interest.

What are the current interest rates?

In the app, tap on 'Earn Interest on cash', and you will find the current interest rates. You can also see our terms and fees.

Are there any min or max balance requirements to earn interest?

There are no minimum or maximum balances requirements.

How do I enable the interest?

Login to your account, tap on 'Earn Interest on cash', follow the instructions and tap the 'Enable' button. You'll need to consent to having your cash held in qualifying money market funds (QMMFs).

What if I don't want to earn interest?

You can disable at any time via the 'Interest on cash' dashboard in your app.

How does Trading 212 earn this interest?

As we’re not a bank, we hold your money with our partner banks and in QMMFs. This is why it is necessary to accept QMMFs to receive interest. With our partner banks, we use a mixture of products such as short-term deposits, and current accounts.
You can see how your cash is held at any time from your interest on cash dashboard. This data is updated once per day at midnight and is based on your settled cash balance. Learn more about settled cash balances here.

What's a qualifying money market fund (QMMF)?

A qualifying money market fund holds mainly short-term, low-risk financial assets, aiming to maintain a stable value. These funds are designed to be low-risk places to keep your cash while earning a bit of interest, and they're often used for the cash portion of retirement or investment accounts. They're called "qualifying" because they meet certain regulations that allow them to be considered as cash equivalents.

Who uses QMMFs?

Pension funds, insurance funds, banks, and other major financial institutions.

These institutions typically use QMMFs to hold large amounts of money. Over €1 trillion is held in QMMFs in Europe and over $6 trillion in the USA as of January 2024.

How often do I get interest?

Interest payments are made daily, rounded down to the nearest cent. Amounts below 0.01 are carried forward.
If the daily interest falls below a 0.01, it will accrue until reaching a 0.01 or more, at which point it will be paid.

Do I have to pay taxes on the earned interest?

This depends on your tax residency and the Trading 212 entity with which you are onboarded. This is not personal tax advice and in case of doubt, you should contact a tax advisor or the relevant tax authorities. In summary:
  • If you are a German tax resident and onboarded with Trading 212 EU, then your interest will be subject to a standard tax rate on capital income is 25%, plus a solidarity surcharge of 5.5% on the tax amount, and, if applicable, church tax. Trading 212 EU is required to withhold these taxes and remit them to the German tax authorities on your behalf. The applicable tax rate may also depend on your personal circumstances, such as whether you have provided an exemption order.
  • If you are a non-German tax resident and onboarded with Trading 212 EU, or if you are a German tax resident and onboarded with any other Trading 212 entity, your interest will be paid gross, without any tax deduction. However, your country of residency may levy a tax on the earned interest.
  • Depending on your personal circumstances (i.e. tax residency), you may need to pay additional tax or receive a refund. In both cases, you should contact the relevant tax authorities with any queries.

Which currencies earn interest?

In the app, tap on 'Earn Interest on cash' and you'll find which currencies earn interest. You can also find them on our terms and fees page.

What happens if I don't opt in for the higher interest?

If your account's opened prior to 11.12.2023, you will continue receiving interest until 12.02.2024. If you want to receive interest after this date, you'll need to enable it manually from the dashboard.

Is my money still protected?

Where we hold your money with a bank, you are protected by the the applicable deposit protection schemes of the respective banks (e.g. EdB, DSGV or BVR) up to a limit of €100,000. Learn more about how your money is protected here.

Money placed with a QMMF is treated as an investment and not as money held with a bank. In the unlikely event that the QMMF fails to maintain their low-risk strategy, as with any investment, the protection will not be available. We carefully select all QMMFs to ensure that they are highly liquid, stable in value and maintain their highly regulated status.

Can QMMFs go down in value?

If a QMMF in which your cash is invested in goes down in value, this may affect the value of your uninvested cash held in the QMMF. However, to manage this risk, we select only high-quality QMMFs and we monitor them frequently. Learn more about the risks of QMMFs and how we manage them here.

How much of my money is held in QMMFs?

You can see your cash holdings in QMMFs and banks through the app's interest on cash dashboard, and in the 'Cash in banks' and 'Cash in QMMFs' sections of your account activity and monthly statements.

How often do interest rates change?

Interest rates are based on rates we receive from the banks and QMMFs we hold your cash with. These rates are based on the central banks' rates, like the Bank of England's base rate. If the central bank rate changes, you can expect a change in the interest on cash.