Klarna Savings vs Trade Republic Cash Interest
Two savings accounts for expats in the Netherlands, figure by figure.
Klarna Savings is the stronger pick for most expats.
- Interest rate: 2.20% (up to 2.70% with Klarna Max) vs 3.00% as a promotion, then 2.00%
| Figure | ||
|---|---|---|
| Interest rate | 2.20% (up to 2.70% with Klarna Max) (better) | 3.00% as a promotion, then 2.00% |
| Minimum deposit | None | None |
| Access to your money | Instant | Instant |
| Maximum deposit | No limit | No limit |
| Deposit guarantee | Up to Covered (SE scheme) | Up to €100,000 (EU scheme) |
| Rate check | Verified 29 October 2026 | Verified 29 October 2026 |
Bold marks the better value in a row. Figures are checked daily against provider sources; each product page shows when its figures were last confirmed.
Klarna Savings
What we like
- 1.75% interest rate
- Excellent mobile app
- Swedish bank license
- EU deposit guarantee (Sweden)
What to consider
- Primarily known for payments
- Swedish bank (not Dutch)
- Relatively new savings product
- App focused on shopping features
Trade Republic Cash Interest
What we like
- 2.00% interest (matches ECB rate)
- No account fees
- Dutch IBAN available
- Monthly interest payments
What to consider
- Primarily an investment platform
- German bank (not Dutch)
- Rate follows ECB (will drop when ECB cuts)
- Less established than traditional banks
Questions
Is Klarna Savings or Trade Republic Cash Interest better for expats in the Netherlands?
Klarna Savings comes out ahead for most expats. Interest rate: 2.20% (up to 2.70% with Klarna Max) vs 3.00% as a promotion, then 2.00%
Which has the higher interest rate, Klarna Savings or Trade Republic Cash Interest?
Klarna Savings pays more — 2.20% (up to 2.70% with Klarna Max) versus 3.00% as a promotion, then 2.00%.
Are Klarna Savings and Trade Republic Cash Interest covered by a deposit guarantee?
Klarna Savings: Covered, under the Swedish deposit guarantee scheme (Riksgälden). Up to SEK 1,150,000 (about €100,000) per person. Trade Republic Cash Interest: Up to €100,000 per person per bank, under the deposit guarantee scheme of the partner bank holding your cash. Cash sits in trust accounts at partner banks in Germany, France, Ireland, Sweden and elsewhere, each covered by its own country's scheme.