MyInvestor vs Trade Republic: Comparison of Interest-Bearing Accounts 2026

In Spain, MyInvestor and Trade Republic are the two leading options when it comes to interest-bearing accounts with no minimum term: funds available at any time, interest on the balance, and no fees. But which one pays more? Which one is safer? Who is each one best suited for? Let’s compare the actual data.

Data for 2026

How much money do you lose by choosing the option with the lowest payout?

The difference between 2.10% and 2.02% is 8 basis points. In real terms:

• €10,000: MyInvestor pays €210/year vs. €202 with TR — a difference of €8/year
• €50,000: €1,050 vs. €1,010 — a difference of €40/year
• €100,000: €2,100 vs. €2,020 — a difference of €80/year

The difference is real but small. For most savers, the decision should be based on factors other than the 8 basis points difference in APY.

Deposit guarantee: Spanish or German?

Both accounts are protected up to €100,000, but by different deposit guarantee funds:

• MyInvestor is covered by the Spanish Deposit Guarantee Fund (FGD). If MyInvestor were to go bankrupt, the claims process would be conducted entirely in Spanish before the Bank of Spain.
• Trade Republic is covered by the Entschädigungseinrichtung deutscher Banken (EdB), the German bank guarantee fund. In the event of bankruptcy, the claim would be filed with the German authorities.

In practice, both coverages are equivalent in amount (€100,000) and reliability. The difference is more administrative (language, process) than financial.

MyInvestor: More Options for Spanish Savers

MyInvestor has an advantage that Trade Republic cannot match: it is a Spanish bank regulated by the Bank of Spain, which means:

• Customer service in Spanish with a national phone number
• Full support for income tax filing (withholding certificate issued in Spain)
• Access to Spanish and European mutual funds with the tax advantages of switching between funds
• The Fondo Naranja Monetario offers 2.60% with 24-hour liquidity — 50 basis points more than a high-yield savings account

Trade Republic: the best app for active investors

Trade Republic stands out if, in addition to earning interest on your cash, you want to invest:

• Buy stocks and ETFs starting at €1 with no custody fees
• Access to cryptocurrencies directly from the app
• Automatic investment plans (DCA) in over 2,000 ETFs
• Mobile interface recognized as one of the best on the European market

The Trade Republic interest-bearing account is essentially the cash balance within a brokerage account, not a separate bank account. This is important if you want to keep everything within a single investment ecosystem.

What about MyInvestor’s Orange Money Market Fund?

If you’re looking for something more profitable than an interest-bearing account without sacrificing liquidity, MyInvestor offers the Orange Money Market Fund at 2.60% APY, accessible starting at €1 with 24-hour redemption. It’s a money market fund that invests in high-quality short-term debt.

Differences compared to the interest-bearing account:

• Higher returns (+50 basis points)
• No FGD coverage (it is a fund, not a bank deposit)
• Tax advantage: allows transfers to another fund without taxing accumulated gains
• T+1 liquidity (funds arrive in 24 hours) vs. immediate liquidity in the interest-bearing account

Which one should I choose?

It depends on your profile:

• You just want to earn interest on your cash, you’re Spanish, and you value local support → MyInvestor Interest-Bearing Account (2.10%) or directly the Orange Fund (2.60%)
• You already invest in the stock market or ETFs and want everything in a single app → Trade Republic (the ecosystem is superior for active investors)
• You have over €100,000 → split it between both to maintain full FGD coverage, or use the Orange Fund with no amount limit

The APYs you see in this comparison are updated in real time from the MyInvestor and Trade Republic profiles on APYData.