N26 Instant Savings account
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, 1.3% p.a. with You, and 1% p.a. with Smart and Standard while still being able to dip into it anytime.
To benefit from this offer, you’ll need to open an N26 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.
What is N26 Instant Savings?
N26 Instant Savings is an easy-access savings account that’s available at no extra cost in the N26 app.Earn interest on all your savings with no deposit limits** and instantly withdraw anytime. Win-win.
Saving just got more rewarding
Grow your money
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
15 free trades in stocks and ETFs every month
Up to 8 free domestic ATM withdrawals
Exclusive mobile phone coverage
N26 You
The all-in-one account for banking and travel
€9.90/month
1.3% interest p.a. on your N26 Instant Savings
5 free trades in stocks and ETFs every month
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
N26 Standard
The free account for your everyday banking needs
Virtual Card
€0.00/month
1% interest p.a. on your N26 Instant Savings
350+ stocks and ETFs at €0.90 per trade
Up to 2 free domestic ATM withdrawals
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 understand 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 calculations above show gross amounts before withholding taxes and assume 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 in the previous months.
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 account set up, simply head to the ‘Finances’ tab in the N26 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.
See how N26 is simply secure
Automate? Great!
Growing your money is easier when you automate your savings. With N26 Rules or N26 Income Sorter and Round-ups, you can reach your goals faster by automatically moving money between your main account and your savings account.
Automate your savings
*N26 Instant Savings account interest rates are based on your N26 membership: 1% p.a. for Standard and Smart, 1.3% 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 earned only on funds held in your Instant Savings account. N26 will withhold taxes on the paid interest — a tax exemption order can be requested.
**The money in your bank accounts — including N26 Instant Savings — is protected up to €100,000 by the German Deposit Guarantee Scheme.
***The N26 Metal crypto fee discounts only apply to trading amounts up to €5,000 (including fees on purchasing and excluding fees on selling crypto) per calendar month. Above this amount, standard fees apply: 1.5% on Bitcoin and 2.5% on all other coins (fees are always rounded up to the nearest full cent — to a maximum of one cent — which may lead to a slight increase of the fee percentage shown in the order preview. Deviations for special coins are possible). The fees and cryptocurrency prices shown on the N26 app for every transaction, including a possible spread, are not determined by N26 but provided by Bitpanda GmbH. N26's liability is expressly excluded for any claim or damage arising from the formation of the prices of the assets offered by Bitpanda.
Instant Savings is available to eligible customers who have a personal N26 bank account, German IBAN, German T&Cs, a verified German Tax ID, and a legal residence in Germany. 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 a personal N26 bank account, German IBAN, German T&Cs, a verified German tax ID, and a legal residence in Germany. Other eligibility criteria may also apply.
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.
No, N26 Instant Savings is available to all eligible customers — new and existing.
The interest you earn is automatically calculated and paid out to your Instant Savings account on the first day of the following month. You’ll see separate transactions: the deposit of the gross interest into your account and the deduction of the taxes that are withheld from the interest you earned.
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 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.
Yes, the interest you earn in your N26 Instant Savings account is taxable by the German government. But no stress — we’ll automatically withhold and transfer this tax percentage to the authorities on your behalf every month, when you receive your earned interest.
If you've received interest during the calendar year, the annual tax certificate will be sent to you in the first quarter of the following year via the app.
In Germany, 'withholding tax' (Abgeltungssteuer) is the tax deducted from the money you make from financial investments. This includes the interest you earn on your savings.
This tax is automatically calculated, withheld and transferred by N26 to the authorities on your behalf every month, when you receive your earned interest.
The current withholding tax rate in Germany is 25% and, if applicable, a 5.5% solidarity surcharge and a church tax of 8% or 9%. These percentages may change according to new tax laws or personal circumstances.
At the moment, only customers with a personal N26 bank account are eligible to open an Instant Savings account.
Yes. With N26 Instant Savings, there are no deposit limits and no penalties for withdrawals — you're free to save at your own pace.
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.
To create your tax exemption, go to 'Tax information' in your savings account settings. Once there, select ‘Exemption orders’. Then, select the year and the taxable income base for which this exemption should be applied to. You can also choose if you want your exemption to be auto-renewed for next year or not. Finally, you’ll need to confirm the update and verify your identity before this change can be processed. If your exemption implies a correction of previously withheld taxes, you should receive a refund in two business days.