Who's eligible for N26 Instant Savings?

To create a savings account, customers need to have a personal or business N26 bank account, German IBAN, and T&Cs and legal residence in Belgium.

Is an N26 Instant Savings account only available to new customers?

No, N26 Instant Savings is available to all eligible customers — new and existing.

As a new customer, can I open only an N26 savings account, without opening an N26 bank account?

No. First, you’ll need to open an N26 bank account and select your membership — Standard, Smart, {{pan-you-al}}, 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.

Where can I find N26 Instant Savings in the app?

Whether you have a free N26 account or a premium one, you can find Instant Savings in the Finances tab of your N26 app under the “Savings” section. 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.

Is there a limit on the amount of money I can deposit into my N26 Instant Savings?

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.

What happens if I make a withdrawal before the end of the month?

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. In the event of withdrawal, no interest will be paid on the amounts withdrawn. With an N26 Metal account and a €10,000 deposit in an Instant Savings account offering a 1.5% annual gross interest rate (1.05% net), if you withdraw your deposit after 6 months (183 days), you will earn €10,000 * 1.5% / 365 * 183 = €75,2 in gross interest (€52,64 net interest). Please note that the interest rates are subject to change at any time by N26.

Do I have to top up a certain amount of money every month to keep earning interest?

No! N26 Instant Savings is a fully flexible savings account, so you can deposit any amount any time — no strings attached.

Do I need to pay taxes on my earned interest?

Yes. In general, the interest you earn in your N26 Instant Savings account is taxable in the country where you are a tax resident. N26 won't withhold taxes from the interest you earn, so check the tax regulations in your home country and plan accordingly. For accounting purposes, you'll be able to view your total interest earned in your N26 Instant Savings balance statement. Please note that if you move to Germany, German withholding tax requirements will apply.

Can N26 Business customers open an Instant Savings account?

Yes. Customers with an N26 personal or business bank account are eligible to open an Instant Savings account in Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia, regardless of which tier subscription they have.

What is an easy-access savings account?

An easy-access savings account is a savings account without a strict commitment and no fixed length of deposit. This means you can deposit and withdraw money at any time without reducing your interest rate or paying penalty fees for early withdrawals. In the event of withdrawal, no interest will be paid on the amounts withdrawn. Please note that the interest rates are subject to change at any time by N26.

How many savings accounts can I have?

At N26, each eligible customer can have one Instant Savings account. There's no limit to the number of[ savings accounts](https://n26.com/en-eu/blog/the-best-savings-account-for-you) you can have with different banks, unless there are local restrictions in your country of residence.

What’s the difference between my savings account and my main account?

Your main account is a checking account used 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 into it, but it can't be used for everyday payments or be linked to a card.

What is the difference between a flexible savings account and a long-term or fixed-term savings account?

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 term deposit 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 term deposit account during this period, you won’t get the earned interest and may have to pay a fee, depending on the T&Cs.

Can I transfer money directly from my Instant Savings account?

No, you'll need to move money from your N26 Instant Savings account to your main account first.

N26 Instant Savings account

Earn interest on your money

Open a new N26 account and grow your savings with 1.5%* gross interest p.a. with N26 Metal (1.05% net), 0.50% p.a. with N26 Go (0.35% net), and 0.30% p.a. with Smart and Standard (0.21% net), and access your funds at any time.

A man and woman in a greenhouse hold a potted plant, with an overlaid card showing a savings balance.

The gross interest you earn is automatically calculated and paid into your Instant Savings account on the first day of the following month.With an N26 Metal account and a €10,000 deposit in an Instant Savings account offering a 1.5% annual gross interest rate ( 1.05% net), if you withdraw your deposit after 6 months (183 days), you will earn €10,000 * 1.5% / 365 * 183 = €75,2 in gross interest (€52,64 net interest).Interest is only earned on funds held in your Instant Savings account. Please note that N26 may change interest rates at any time based on market fluctuation. If this happens, we’ll send you a notification via your N26 secure inbox, after which the new rate will take effect immediately.*N26 Instant Savings account interest rates are based on your main N26 plan: From 11/06/2025 onwards, grow your savings with 0.30% gross interest p.a. for Standard and Smart (0.21% net), 0.50% p.a. for N26 Go (0.35% net), and 1.50% p.a. for Metal (1.05% net). Please note that rates per plan can be changed by N26 over time.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. At N26, each eligible customer can have one Instant Savings account.Interest is only earned on funds held in your Instant Savings account. Interest rates are subject to change at any time by N26. This offer is provided under German law. No key information or other legally prescribed documents are available for these accounts. For customers in Belgium, you’ll find more information about this product including risks, before the FAQs at the bottom of this page.Monthly fees for N26 accounts are detailed in the below table.

N26 accounts — Your money deserves an upgrade

HIGHEST INTEREST AT N26

N26 Metal

The premium account with a metal card

€16.90/month

1.5% gross interest p.a. (1.05% net) on your N26 Instant Savings
Up to 8 free domestic ATM withdrawals
Exclusive mobile phone coverage

N26 Go

The all-in-one account for banking and travel

€9.90/month

0.50% gross interest p.a (0.35% net) on your N26 Instant Savings
Up to 5 free domestic ATM withdrawals
Flight and luggage delay cover

N26 Smart

The bank account that gives you more control

€4.90/month

0.30% gross interest p.a. (0.21% net) on your N26 Instant Savings
Up to 3 free domestic ATM withdrawals
Flight and luggage delay cover

N26 Standard

The free account for your everyday banking needs

Virtual Card

€0.00/month

0.30% gross interest p.a. (0.21% net) on your N26 Instant Savings
Up to 2 free domestic ATM withdrawals
Free payments worldwide

HIGHEST INTEREST AT N26

N26 Metal

The premium account with a metal card

€16.90/month

1.5% gross interest p.a. (1.05% net) on your N26 Instant Savings
Up to 8 free domestic ATM withdrawals
Exclusive mobile phone coverage

N26 Go

The all-in-one account for banking and travel

€9.90/month

0.50% gross interest p.a (0.35% net) on your N26 Instant Savings
Up to 5 free domestic ATM withdrawals
Flight and luggage delay cover

N26 Smart

The bank account that gives you more control

€4.90/month

0.30% gross interest p.a. (0.21% net) on your N26 Instant Savings
Up to 3 free domestic ATM withdrawals
Flight and luggage delay cover

N26 Standard

The free account for your everyday banking needs

Virtual Card

€0.00/month

0.30% gross interest p.a. (0.21% net) on your N26 Instant Savings
Up to 2 free domestic ATM withdrawals
Free payments worldwide

Important information about the N26 Instant Savings account for customers residing in Belgium.

Risks

The N26 Instant Savings Account is a non regulated savings account of N26 Bank AG. The offer is provided under German law, which means that German law applies. Risk of bankruptcy: Your savings are protected up to €100,000 by the German Deposit Guarantee Scheme. If there is a risk of bankruptcy or N26 going bankrupt, you could potentially lose any deposits you have over 100,000 euros, or their amount could be reduced or converted into shares.Risk of inflation: The N26 Instant Savings account is also subject to inflation risk, where an increase in prices can reduce your purchasing power.

Costs

The opening and closing of an N26 Instant Savings account is free of charge. There are also no costs for managing this savings account. N26 Instant Savings accounts are available for customers who have a free N26 Standard or N26 Business Standard account, but also for customers who have premium N26 accounts: N26 Smart or N26 Business Smart, N26 Go or N26 Business Go, and N26 Metal or N26 Business Metal account, which cost €4.90/month, €9.90/month, and €16.90/month, respectively.The price list for N26 is available here.

Taxes

The N26 Instant Savings account is provided under German law. No withholding tax is being collected. The declaration and payment of taxes in Belgium should be taken care of by the customer, following Belgian regulations. In theory, interest income on the N26 savings account earned should be included in the tax declaration and generally taxed at a rate of 30% but the user should review their specific case with a tax advisor.
Withholding taxes may apply for customers who are residents of Germany, in which case N26 will withhold taxes on paid interest.

Duration of the account

The duration of the N26 Instant Savings account is unlimited.

Important documents

Please review the following documents before you open an N26 Instant Savings account. You can find the pre-contractual information for N26 Instant Savings accounts here. The N26 Instant Savings account's Terms and Conditions are available for reference on this page. No key information documents are available for unregulated savings accounts.

Dispute resolution

If you need assistance with your account, have questions about card payments, need to update your information, or have any other inquiries, our Customer Service agents are available daily and ready to help resolve your issues or concerns. For more information please visit our Support Center: How to Contact N26? If you are dissatisfied and believe that our customer service could not help you sufficiently with your issue or concern, find all the information you need to file a complaint here.

What is N26 Instant Savings?

N26 Instant Savings is an easy-access savings account available to all eligible N26 customers in Belgium, whether you have a Standard or a Premium account.Earn interest on all your savings with no deposit limits and instantly withdraw anytime with no penalty on the daily interest already incurred.The eligibility criteria can be consulted in the FAQ at the bottom of this page.

A smiling man looks at his phone outdoors, with overlaid cards showing his main account and savings balances.

Start earning interest

Opening your N26 Instant Savings account is easy. Simply head to the ‘Finances’ tab in the N26 app on your phone 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.

A hand holds a phone showing a digital N26 card with overlaid options to lock the card or enable discreet mode.

Automate? Great.

Growing your money is even easier when you automate your savings. With N26 Rules and Goals (available for all customers) or N26 Income Sorter and Round-ups (available for N26 Smart, N26 Go, 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.

Image showing the balance in the savings account and the functionalities roundups, income sorters, goals for spaces.

FAQ

To create a savings account, customers need to have a personal or business N26 bank account, German IBAN, and T&Cs and legal residence in Belgium.
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, N26 Go, 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 into your Instant Savings account on the first day of the following month.
Whether you have a free N26 account or a premium one, you can find Instant Savings in the Finances tab of your N26 app under the “Savings” section. 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. In the event of withdrawal, no interest will be paid on the amounts withdrawn. With an N26 Metal account and a €10,000 deposit in an Instant Savings account offering a 1.5% annual gross interest rate (1.05% net), if you withdraw your deposit after 6 months (183 days), you will earn €10,000 * 1.5% / 365 * 183 = €75,2 in gross interest (€52,64 net interest). Please note that the interest rates are subject to change at any time by N26.
No! N26 Instant Savings is a fully flexible savings account, so you can deposit any amount any time — no strings attached.
Yes. In general, the interest you earn in your N26 Instant Savings account is taxable in the country where you are a tax resident. N26 won't withhold taxes from the interest you earn, so check the tax regulations in your home country and plan accordingly. For accounting purposes, you'll be able to view your total interest earned 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 Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia, regardless of which tier subscription they have.
An easy-access savings account is a savings account without a strict commitment and no fixed length of deposit. This means you can deposit and withdraw money at any time without reducing your interest rate or paying penalty fees for early withdrawals. In the event of withdrawal, no interest will be paid on the amounts withdrawn. Please note that the interest rates are subject to change at any time by N26.
At N26, each eligible customer can have one Instant Savings account. There's no limit to the number of savings accounts you can have with different banks, unless there are local restrictions in your country of residence.
Your main account is a checking account used 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 into it, but it 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 term deposit 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 term deposit 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.
Yes, N26 may change interest rates at any time based on market fluctuation. If this happens, we’ll send you a notification via your N26 secure inbox, after which the new rate will take effect immediately.

Open your N26 account in minutes

Whether you're looking for a flexible, free online bank account or a premium account complete with insurance packages and smart budgeting tools, N26 has got you covered. There's no paperwork and no hassle — open your account from your phone in minutes.

Standard

Smart

Go

Metal

Business Standard

Business Smart

Business Go

Business Metal

Earn interest on your money

N26 accounts — Your money deserves an upgrade