Traders Place Flexible Savings Account: Traders Place Tagesgeld + Depot Review 2026
In a nutshell:
- The “Traders Place Tagesgeld + Depot” is a flexible savings account offered by Traders Place.
- It pays a top interest rate of 1.75% annually.
- Savings are protected under the national deposit insurance scheme of Germany.
Find all the details below in our frequently asked questions, or enter your savings amount and duration in our interest calculator below to easily figure out in a few seconds how much return you can earn with your flexible savings account by Traders Place.
Traders Place
Traders Place Tagesgeld + Depot
1.75%
annual percentage yield
How much interest does the Traders Place Traders Place Tagesgeld + Depot pay?
Traders Place offers the flexible savings account "Traders Place Tagesgeld + Depot" with quarterly interest payouts. The regular interest rate is 1.75%. You must maintain a balance of at least 5,000 euros.
Who is behind Traders Place?
Traders Place is an online broker and savings platform that offers deposit products. The fintech is located in the Greater Munich area and was only founded in 2023. However, it has been growing quickly and works with Baader Bank, an established German credit institution on the market since 1983. The platform emphasises simplicity, digital access, low-cost trading, and free trading for customers.
How safe is my money with Traders Place?
Since Traders Place does not have its own banking license, all funds and assets are stored with the well-established German Baader Bank. In this case, the German statutory deposit guarantee scheme (EdB) applies and safeguards all funds up to 100,000 euros per depositor and institution under EU law. Germany's sovereign credit rating remains the highest possible, AAA, indicating overall financial system stability.
In addition, Baader is a member of the Deposit Protection Fund of the Association of German Banks. It delivers coverage that exceeds legal minimum obligations.
How can I manage the Traders Place Tagesgeld + Depot account?
Management of the Traders Place Tagesgeld + Depot can be done on the Traders Place website or the mobile app. Via the interface, customers can view balances, track earnings, download tax documents, perform transfers to the reference account, and more. Customer service can be reached via chat, e-mail, or the callback phone option. The only language supported for applications or customer service is German.
How can I open the Traders Place Traders Place Tagesgeld + Depot?
To open the Traders Place Tagesgeld + Depot, you require a mobile phone number and a residence in one of the following countries: Germany, Austria, Switzerland, Luxembourg, the Netherlands, or France. Moreover, you must be at least 18 years old. There is also an option for a parent or guardian to open a Traders Place account for a minor. As a reference account, you require a European current account with an IBAN.
You shall start the application process on the Traders Place website and enter your mobile phone number. You will then receive a text message to download the app. After entering all your data, you must identify yourself before the Traders Place flexible savings account is opened. You can choose between 3 identification methods: digital identification with a German ID (eID), video identification (VideoIdent), or personal identification at a German post office (PostIdent).
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