You have €5,000 sitting in your current account earning nothing. You know you should move it somewhere that pays interest, but you're not sure where. Trade Republic advertises 3% on uninvested cash. Scalable Capital promises 2.6% with their Prime+ subscription. Raisin claims access to accounts paying over 4%. Which one makes sense?
The answer depends on how long you're parking the money, whether you're already investing with these platforms, and whether you're willing to trade convenience for an extra percentage point.
Trade Republic: 3% interest, zero admin
Trade Republic pays 3% annual interest on any cash sitting in your account. No minimum balance. No maximum. No subscription required.
The rate applies from day one. If you deposit €10,000 on Monday and withdraw it Friday, you earn interest for those five days. The interest is paid monthly and automatically reinvested unless you withdraw it.
There's no separate savings product. Your cash just sits in your main account alongside any stocks or ETFs you hold. This makes it dead simple if you're already using Trade Republic for investing. You sell some shares, the cash earns 3% until you decide what to do with it.
The catch: Trade Republic is a broker, not a bank. Your cash is held at a partner bank (currently Solaris in Germany) and covered by German deposit insurance up to €100,000. That's the same protection you get at a Dutch bank, but the legal entity is different. If you're parking €80,000, that's fine. If you're parking €150,000, you're over the guarantee threshold.
Trade Republic takes one business day to withdraw cash to your linked bank account. Not instant, but faster than most brokers.
If you already hold investments with Trade Republic, this is the easiest option. You're already verified, your account is open, and the 3% is automatic. If you're not a Trade Republic user yet, you'll need to open an account and go through their KYC process, which takes a day or two.
Read our full breakdown of Trade Republic's cash interest feature.
Scalable Capital: 2.6% with a €4.99 monthly fee
Scalable Capital offers 2.6% annual interest on uninvested cash, but only if you subscribe to their Prime+ plan. That costs €4.99 per month, or about €60 per year.
The maths: on €10,000, you'd earn €260 in interest at 2.6%. Subtract the €60 subscription and you're left with €200. That's an effective rate of 2%. On €5,000, you'd earn €130 minus €60, leaving you with €70 — an effective rate of 1.4%.
You break even against the subscription cost at around €23,000 parked. Below that, you're paying more for Prime+ than you're gaining from the interest rate.
The Prime+ subscription does include other benefits. You get unlimited free trades (Scalable's free plan allows one free trade per month, then charges €0.99 per trade). If you're an active trader making ten or more trades a month, Prime+ pays for itself through saved transaction fees. But if you're just parking cash and rarely trading, those benefits don't help.
Like Trade Republic, Scalable is a broker. Your cash is held at Baader Bank in Germany, covered by the same €100,000 deposit guarantee.
Withdrawals take one business day. The interface is clean, the app works well, and if you're already using Scalable for ETF savings plans, the interest is a nice bonus. But the subscription fee makes this the worst option for pure cash parking unless you're holding €25,000 or more.
Raisin: access to 4%+ accounts, with trade-offs
Raisin isn't a bank. It's a marketplace that connects you to savings accounts across Europe. You open one Raisin account, then choose from dozens of banks offering term deposits and flexible savings accounts.
As of early 2025, several banks on Raisin pay over 4% on 12-month term deposits. Bigbank (Estonia) offers 4.1%. TF Bank (Sweden) offers 4%. Santander Consumer Bank (Germany) offers 3.9%. These are fixed-term deposits — you lock your money away for a year and can't touch it without losing interest.
Raisin also lists flexible savings accounts that let you withdraw anytime. Bigbank's Flexibel Sparen currently pays 3% with no lock-in period. That matches Trade Republic's rate, but you have to move money in and out through Raisin's platform, which adds an extra step.
The advantage: higher rates, especially if you're willing to lock money away for 6-12 months. The disadvantage: friction. You can't just sell a stock and have the cash start earning interest. You need to withdraw from your broker, wait for it to land in your regular bank account, then transfer it to Raisin, then allocate it to a specific savings product. Withdrawals work the same way in reverse.
Each bank on Raisin has its own deposit guarantee, up to €100,000. If you're spreading money across multiple countries, you're covered separately in each jurisdiction — €100,000 in Estonia, €100,000 in Sweden, and so on. That's useful if you're parking more than €100,000 total, but it requires deliberate diversification.
Raisin charges no fees. The banks pay Raisin a commission, so you get the advertised rate with nothing deducted.
Which one should you pick?
If you already invest with Trade Republic and you're parking less than €100,000, just use their cash account. It's 3%, it's automatic, and there's no admin. You're done.
If you already invest with Scalable and you're parking more than €25,000, Prime+ makes sense — but only because you're getting the trading benefits too. For pure cash parking, it's not competitive.
If you want the highest rate and you're willing to lock money away for a year, Raisin gets you 4%+. That extra 1% on €20,000 is €200 per year, which is real money. But you lose liquidity. If you might need the cash in three months, don't lock it in a term deposit.
If you want flexibility and the best rate on flexible cash, it's a tie between Trade Republic at 3% and Bigbank Flexibel Sparen (via Raisin) at 3%. Trade Republic wins on convenience. Raisin wins if you're already using the platform or want to spread money across multiple EU deposit schemes.
Two things nobody tells you
First: these rates will drop. The ECB has been cutting rates since mid-2024. Trade Republic's 3% will probably be 2.5% by summer 2025. Raisin's 4% term deposits will be 3.5%. The rankings might stay the same, but the absolute numbers will shrink. Lock in a 12-month term deposit now if you want to secure today's rate.
Second: interest is taxable. In the Netherlands, savings interest falls under Box 3 wealth tax. You don't pay tax on the interest itself — you pay tax on your total assets as of January 1st each year. If you're holding €50,000 in cash, that €50,000 counts toward your Box 3 threshold (currently €57,000 for singles, €114,000 for couples). The interest you earn increases your assets, which increases your eventual tax bill. This applies to all three platforms equally.
For most people parking €10,000-30,000, the simplest move is Trade Republic. You'll earn 3%, you can access the money in a day, and you don't need to think about it. That's worth more than chasing an extra 0.5% through a more complicated platform.