N26 Instant Savings account, 100% online
Earn up to 2.5%* interest on your savings
Looking to make your money work for you? Here’s another reason for you — and your money — to love N26. Grow your savings with 2.5%* interest p.a. with Metal, 1.5% p.a. with You, and 1.3% with Smart and Standard while still being able to dip into it anytime.This offer is waiting for you in the N26 app for customers with personal and business accounts residing in Austria.
To benefit from this offer, you’ll need to open an N26 bank account. After that, you may open a separate N26 Instant Savings account to earn interest alongside everyday banking. Please note that you’ll only be able to open an N26 Instant Savings account if you meet the eligibility requirements. Check our FAQs for more information.
*Interest rates are based on your N26 membership: 1.3% for Standard and Smart, 1.5% for You, and 2.5% for Metal, including both personal and business accounts. Interest rates are variable and subject to change in the future.
What is N26 Instant Savings?
N26 Instant Savings is an easy-access savings account available at no extra cost in the N26 app.Now, customers with personal and business accounts in Austria can earn interest on their savings with no deposit limits** and instantly withdraw anytime. Win-win.
Saving just got more rewarding
Interest paid monthly
Earn up to 2.5%* interest p.a. — calculated daily and paid out monthly to grow your balance automatically.
100% flexibility
No need to lock your money away. Deposit and withdraw any amount in seconds, anytime.
No extra fees
Open your N26 Instant Savings account with just a few taps in the N26 app — at no extra cost.
No deposit limits**
Add as much money as you like and earn interest on your total savings balance. The sky’s the limit**.
N26 accounts — Your money deserves an upgrade
MORE INTEREST
N26 Metal
The premium account with a metal card
€16.90/month
2.5% interest p.a. on your N26 Instant Savings
Travel, phone, and purchase protection insurance
Premium stainless steel Mastercard
N26 You
The all-in-one account for banking and travel
€9.90/month
1.5% interest p.a. on your Instant Savings
Free ATM withdrawals worldwide
Flight and luggage delay cover
N26 Smart
The bank account that gives you more control
€4.90/month
N26 Standard
The free account for your everyday banking needs
Virtual Card
€0.00/month
1.3% interest p.a. on your Instant Savings
Free ATM withdrawals in Austria
Free payments worldwide
Get more with N26 Metal
N26 Metal customers earn 2.5%* interest p.a. on Instant Savings — our highest interest rate. As our most premium banking experience, N26 Metal also includes discounted crypto fees of just 1% for Bitcoin and 2% for other coins***, 15 free monthly trades in stocks and ETFs, an extensive insurance package, priority customer support, and a unique stainless steel debit card.
Interest Calculator
N26 Instant Savings
Use our interest calculator to see how your money can grow over time with N26.
Enter a balance, your plan’s interest rate, and a time period:
New balance
€10,250.00
Gross interest
€250.00
The calculation above shows gross amounts before withholding taxes and assumes that the daily balance in the savings account remains the same during the whole period. If you keep the paid interest in your N26 Instant Savings account, the total gross interest earned during the whole period will be higher. This is because you'll be earning interest on the interest you've already earned.
Start earning interest
Opening your N26 Instant Savings account is easy. Not a customer yet? Sign up to N26 right from your phone. Once you have your N26 personal or business bank account set up, simply head to the ‘Finances’ tab in the N26 mobile app and tap on ‘Instant Savings’ to create your savings account.
Your money is protected
N26 is a fully-licensed German bank. That means the money in your bank accounts — including N26 Instant Savings — is protected up to €100,000 by the German Deposit Guarantee Scheme.
Automate? Great!
Growing your money is easier when you automate your savings. With N26 Rules and Goals (available for all customers) or N26 Income Sorter and Round-ups (only available for N26 Smart, You and Metal customers) you can reach your goals faster by automatically moving money between your main account and your savings account. It’s a great ‘hands-off’ way to kickstart your savings.
*N26 Instant Savings account interest rates are based on your main N26 Membership, for both personal and business accounts: 1.3% p.a. for Standard and Smart, 1.5% for You, and 2.5% p.a. for Metal (before taxes), as of 8.11.2024. Please note that rates per membership are variable and can be changed by N26 over time. Interest is only earned on funds held in your Instant Savings account. Withholding taxes may apply for customers who change their residence to Germany, in which case N26 will withhold taxes on paid interest.
**The money in your bank accounts — including N26 Instant Savings — is protected up to €100,000 by the German Deposit Guarantee Scheme.
This offer is provided under German law.
Please make sure you have the latest version of the app installed. If you don't see Instant Savings in your ‘Finances’ tab, you might not meet some of the eligibility criteria.
To create a savings account, customers need to have an N26 personal or business bank account, German IBAN, and T&Cs and legal residence in
Austria.
No, N26 Instant Savings is available to all eligible customers — new and existing.
No. First, you’ll need to open an N26 bank account and select your membership — Standard, Smart, You, or Metal. Then you may open a second separate N26 Instant Savings account right in your N26 app (depending on your eligibility). The interest rate earned on the funds held in this separate savings account will vary based on your chosen membership.
The gross interest you earn is automatically calculated and paid out to your Instant Savings account on the first day of the following month.
Your interest is calculated daily based on your account balance. For example, if you maintain a daily balance of €15,000 in your Instant Savings account for 12 months and you have a Metal membership, you’ll earn a total of €375 in gross interest, before taxes. Similarly, if there are 30 days in a month and your Instant Savings account balance remains at €15,000 for the whole month, you’ll earn a total of €30.82 (€15,000 x 2.5% x 30/365) in gross interest for that month.
Yes, N26 may change the interest rate anytime based on market fluctuation. Yes, N26 may change interest rates at any time based on market fluctuation. If this happens, we’ll send you a notification, after which the new rate will take effect immediately.
Whether you have a free N26 account or a premium one, you can find Instant Savings in the ‘Finances’ tab of your N26 app. If you’re an eligible N26 customer but can’t see the Instant Savings option, please make sure that you have the latest version of the app.
You may deposit as much money as you like into your savings account: you’ll earn interest on the total balance of your Instant Savings account. The sky’s the limit.**
N26 Instant Savings is a fully flexible, easy-access savings account, so there are no penalties for withdrawing part — or all — of your funds before the end of the month. You won’t lose any interest that was already paid out or the interest you’ve accrued over the previous days of the current month.
Nope! N26 Instant Savings is a fully flexible savings account, so you can deposit any amount any time — no strings attached.
Yes — the interest you earn in your N26 Instant Savings account is taxable in the country where you are a tax resident. For Austrian residents, N26 doesn’t withhold taxes from the paid interest, so please check the requirements of your local tax authority and proceed accordingly. You'll be able to see how much interest you've earned in total in your N26 Instant Savings balance statement. Please note that if you move to Germany, German withholding tax requirements will apply.
Yes. Customers with an N26 personal or business bank account are eligible to open an Instant Savings account in Austria, regardless of which tier subscription they have.
It’s a savings account without a strict commitment and without a fixed length of deposit. That means you can deposit and withdraw money at any time, without reducing your interest rate or paying penalty fees for early withdrawals.
At N26, each customer can have one Instant Savings account. There's no limit to the number of savings accounts you can have with different banks.
Your main account is the one you use for everyday transactions and payments, but the money in it doesn't earn interest. A savings account allows you to earn interest on the money you deposit in it, but can't be used for everyday payments or be linked to a card.
With a flexible savings account, you can deposit and withdraw money at any time, without reducing your interest rate or paying penalty fees for an early withdrawal. With a fixed-term savings account, you have to lock your money away for a certain period of time — usually, at least one year. If you decide to withdraw money from a fixed-term savings account during this period, you won’t get the earned interest and may have to pay a fee, depending on the T&Cs.
No, you'll need to move money from your N26 Instant Savings account to your main account first.