Are you looking for the best way to earn interest on your uninvested EUR cash while you wait for the right investment opportunity?
Since interest rates rose across Europe, many brokers have started paying interest on the cash in your investment account. In September 2026, the European Central Bank (ECB) raised its deposit facility rate to 2.50%, and several brokers have updated their rates since then.
The highest headline rates in September 2026 are promotional offers for new clients: Trading 212 pays 4.20% to new clients of Trading 212 EU GmbH in some countries, and Trade Republic pays 3.00% to new clients on up to €50,000. Among standard rates for all clients, Scalable Capital (2.60%), Trading 212 (2.50%) and Trade Republic (2.50%) lead the list.
In this article, we compare the best brokers for interest on uninvested EUR cash, including how each rate works, its limits and how your money is protected.
7 best brokers for interest on uninvested EUR cash
- Trading 212: 2.50% for all clients, and a 4.20% promotional rate for new clients of its German entity in some countries.
- Trade Republic: 3.00% for new clients on up to €50,000, and 2.50% as standard, held by a German bank.
- Lightyear: interest through money market funds, with no minimum or maximum amount.
- Interactive Brokers: a lower rate, but a publicly listed broker with a long track record and high transparency.
- Scalable Capital: 2.60% on unlimited balances in its Overnight account.
- BUX: interest for BUX Plus and Prime subscribers, with cash held at ABN AMRO Clearing Bank.
- Saxo: best for advanced investors with large balances.
Comparison of the best brokers for interest on EUR cash
Rates are variable and were checked in September 2026. They may no longer be current.
Best brokers for interest on uninvested EUR cash
#1 Trading 212
Capital at Risk. Sponsored Link. To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 through this link. Terms apply.
Trading 212 offers commission-free investing in stocks and ETFs (other fees may apply, see terms and fees). It also offers a free fractional share worth up to €100*.
Trading 212 pays 2.50% a year on uninvested EUR cash, credited daily, if you enable interest on your Invest account. The rate is variable.
New clients who open an account with Trading 212 EU GmbH, the group’s German entity, in some countries can get a promotional rate of 4.20%. According to Trading 212, the offer applies to Invest accounts opened between 16 September and 2 November 2026, lasts 4 months from activation and requires you to opt in to interest.
After that, the rate returns to the standard rate shown on the Terms and Fees page. Existing clients of Trading 212 Markets Ltd, the Cyprus entity regulated by CySEC, keep their accounts and the standard rate.
Interested in knowing more about Trading 212? Read our Trading 212 review.
*Sponsored Link. To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 through this link. Terms apply.
Disclaimer: When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. If you enable interest, Trading 212 will hold your cash in qualifying money market funds and banks. Otherwise, your cash will be held only in banks. Interest applies on cash in an investment account. Terms apply. The rates shown may no longer be current. See the Trading 212 Terms and Fees page for the live rates.
#2 Trade Republic
Investing involves risk of loss.
Trade Republic is a German bank (Trade Republic Bank GmbH). Its standard rate follows the ECB deposit facility rate and rose to 2.50% on 16 September 2026, on unlimited balances. New clients in several countries (not Germany) get 3.00% on up to €50,000, and the standard rate applies above that. Interest accrues daily and is paid monthly.
Your cash can be held as a deposit with Trade Republic or partner banks, where it is covered by the deposit guarantee scheme up to €100,000, or invested in money market funds. In several countries, Trade Republic also offers a local IBAN.
Learn more about how Trade Republic’s interest works or read our Trade Republic review.
#3 Lightyear
Terms apply, seek guidance if necessary. When you invest, your capital is at risk.
Lightyear is an Estonian investment app regulated by the Estonian Financial Supervision Authority. It pays interest through Money Market Funds (MMFs): 2.36% (APY) on EUR in September 2026, net of fees and variable. Depending on your country, the EUR fund is managed by BlackRock or J.P. Morgan Asset Management, so the rate may differ slightly.
MMFs invest in short-term, high-quality debt and are investments, not bank deposits, so their value can go down as well as up. Interest distributions are paid on the first business day of each month and reinvested in the same fund. Your assets are kept separate from Lightyear’s own funds, and the Estonian Investor Protection Sectoral Fund covers up to €20,000 if assets cannot be returned.
Learn more about Lightyear’s money market funds. Lightyear also offers a free share worth up to €100 to new clients with our promo code INVESTINGINTHEWEB.
Interested in knowing more about Lightyear? Read our Lightyear review.
Disclaimer: Investing involves risk. Money market funds are considered investments and are not covered by a deposit guarantee scheme. Terms apply: lightyear.com/terms.
#4 Interactive Brokers
Interactive Brokers pays up to 1.718% on EUR balances (September 2026). Interest accrues daily on settled cash and is credited in the first days of the following month.
Accounts with a Net Asset Value (NAV) of USD 100,000 or more earn the full rate, while smaller accounts earn a proportional rate: an account with a NAV of USD 50,000 earns half the full rate. No interest is paid on the first €10,000. You can estimate your rate on IBKR’s interest rates page.
We explain how your account is protected in our article on whether Interactive Brokers is safe.
Interested in knowing more about Interactive Brokers? Read our Interactive Brokers review.
#5 Scalable Capital
Scalable Capital became a fully licensed bank in 2025, supervised by BaFin and the Deutsche Bundesbank. Since 1 September 2026, it pays 2.60% a year (variable) on unlimited balances in its Overnight account, with monthly interest payments and daily access to your money.
With the PRIME+ plan, your cash can be spread across up to five banks, each covered by the statutory deposit guarantee of €100,000. Without PRIME+, cash is held at banks with the statutory deposit guarantee or in money market funds. Scalable Capital also launched fixed-term accounts in September 2026, with a 12-month rate of 2.75%.
#6 BUX
BUX, now part of ABN AMRO, pays interest on uninvested cash to BUX Plus and BUX Prime clients, up to 2.00% with BUX Prime (September 2026). Interest is calculated daily and credited to your cash balance every month. BUX Basic, the plan without a fixed monthly fee, doesn’t earn interest.
ABN AMRO Clearing Bank holds your money, which is covered by the Dutch Deposit Guarantee Scheme up to €100,000.
Interested in knowing more about BUX? Read our BUX review.
#7 Saxo
62% of retail CFD accounts lose money.
Saxo pays tiered interest based on your account tier (Classic, Platinum or VIP) and balance, up to 0.94% on EUR cash (September 2026). In practice, Classic and Platinum accounts currently earn 0% on EUR, so only VIP clients benefit. You can estimate your rate with Saxo’s online calculator.
Interest accrues daily and is credited monthly. For clients of Saxo Bank A/S, cash deposits are covered by the Danish deposit guarantee fund up to €100,000.
Interested in knowing more about Saxo? Read our Saxo review.
How to compare interest on cash
A higher headline rate isn’t always the best deal. Before you move your cash, check these points:
- Promotional or standard rate: promotional rates for new clients are temporary or capped. Check how long they last and which rate applies afterwards.
- Balance limits: some brokers only pay interest up to a set amount, or don’t pay interest on the first part of your balance.
- Bank deposit or money market fund: bank deposits are covered by the deposit guarantee scheme up to €100,000 per bank. Money market funds are investments, covered only by investor compensation schemes if the broker fails, and their value can fall.
- Subscription costs: if the rate requires a paid plan, subtract the plan’s cost from the interest you expect to earn.
- Taxes: interest is taxable in most European countries, and foreign brokers usually don’t withhold tax for you. Check the rules in your country.
Bottom line
Brokers offer several ways to earn interest on uninvested EUR cash, and rates have risen after the ECB’s September 2026 hike.
If you are a new client, the highest rates come from promotional offers: Trading 212 pays 4.20% to new clients of its German entity in some countries (for 4 months), and Trade Republic pays 3.00% on up to €50,000. For a standard rate on unlimited balances, Scalable Capital (2.60%), Trading 212 (2.50%) and Trade Republic (2.50%) are the strongest options.
All rates are variable and can change at any time, so check the broker’s website before you move your money.
Looking for interest on GBP and USD cash? Read our articles on the best brokers for interest on uninvested GBP cash and uninvested USD cash.
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