Offer linked to the securities account of Trade Republic Bank GmbH for new and existing customers. No administration and maintenance fees. Interest-bearing balance up to 50,000 €. Accrued interest is calculated on a daily basis and paid on a monthly basis. The securities account is used exclusively for the purchase and sale of securities; cash not used for this operation is deposited in a collective trust account with one of our partner banks (Deutsche Bank AG, J.P. Morgan SE., Citibank Europe plc, HSBC Continental Europe S.A.). Trade Republic Bank GmbH receives interest from the partner banks on the cash balances of the collective accounts. The interest received is passed on directly to the customers under the conditions described above.