This bank pays its customers every day for the money they have in their current account

In this establishment, money in a current account earns 4% interest per year.

Earn money with your current account. A bank has recently offered this attractive advantage to all French people. To benefit from it, you simply need to have… a current account. Nothing could be simpler, since almost all French people have at least one. In 2023, the Banque de France identified 73 million “classic” bank accounts in all banking establishments in the country.

However, most of these accounts make no money. And for good reason, they do not produce interest. A reality which makes it all the more surprising the fact that “the French keep on average 16,562 euros in their current account”, according to the Banque de France. To make their money grow, millions of French people are turning towards investments or savings accounts.

In fact, these banking products offer, in most cases, interest rates to savers. Thus, people who have subscribed to a savings account earn each year a certain percentage of the sums placed there. For example, the Livret A has an interest rate set at 3%. The 58 million French people who hold a Livret A therefore receive 3% of the amount deposited in this livret every year.

However, another option allows households to earn money easily in 2024. This solution can serve as additional income for many French people. As said above, it simply consists of opening a current account in a very specific establishment. This is Trade Republic. Indeed, this German online broker, which has 4 million customers, offers an interest rate on current accounts. The latter is particularly interesting, since it amounts to 4%.

Concretely, this rate of remuneration can therefore bring in money from the moment the client has even a little money in his account. Which is often the case, since salaries, pensions and other transfers are generally paid into current accounts. Thus, with the average amount deposited in traditional accounts in France (16,562 euros), it is possible to pocket 662 euros in one year, before taxes.

To benefit from this 4% interest rate, you must open a Trade Republic account, then go to the mobile application or the website, in order to activate, in the “Benefits” section, the “Interest” option. at 4%. This remuneration rate applies to sums deposited into the current account, up to a maximum of 50,000 euros. For amounts above this threshold, the interest rate drops to 2%. Note that Trade Republic also offers a free Visa payment card which reimburses you for each of your purchases up to 1%, by paying the amount into a savings plan.

At Trade Republic, interest is calculated every day on the balance at the end of the day and then paid every month. As current account interest is subject to taxation, earnings must be declared to the tax authorities.