Risk indicator for all N26 accounts.
1/6
1/6 This number is indicative of the risk of the product, 1/6 being indicative of lower risk and 6/6 of higher risk.
N26 is a member of the German Deposit Guarantee Fund. The fund guarantees deposits up to 100,000 euros per account holder and entity.
Grow your savings by 2,26% AER — only with N26
With N26 Instant Savings, you can earn monthly interest on your savings while still being able to dip into it anytime you need to. Join N26 and start growing your savings:
- 2.26% AER* interest calculated daily, paid monthly
- No minimum deposit
- No conditions or fees
- Instant access
__*2.26% AER (2.26% annual NIR). With this interest rate, if you maintain a daily balance of €15,000 in your Instant Savings account for a period of 12 months, you’ll earn a total gross interest of €339. Applies to all your savings, no maximum limit. __
What is N26 Instant Savings?
N26 Instant Savings is an easy-access savings account that’s 100% flexible and available for free in the N26 app.
N26 Instant Savings is the account that allows you to earn interest on all your savings — with no minimum or maximum deposit amount. You can instantly withdraw your money anytime, keeping all interest you’ve already earned. Win-win.
Interest Calculator
Calculate interest
Calculate your future savings and brutto interest income (before withholded tax).
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Saving just got more rewarding
Grow your money
Earn 2.26% AER (2.26% annual NIR) interest with no minimum or maximum deposit limits — calculated daily and paid out monthly.
Access anytime
No need to lock your money away. Deposit and withdraw any amount in seconds via the N26 app, as often as you like
No extra fees
Open your Instant Savings account with just a few taps in the N26 app — for free.
100% flexible
No minimum or maximum deposit limits and no penalties for withdrawals, you’re free to save at your own pace.
Start earning interest today
Get your Spanish tax ID verified within 3 business days — then simply head to ‘Spaces’ in the N26 app and tap on ‘Instant Savings’ to create your easy-access savings account.
Welcome to N26! Say hello to your new bank
Haven't heard of N26 yet? Join over 8 million customers who trust N26 to manage their money on-the-go and discover why we’re featured in Forbes World’s Best Banks of 2023. With a full banking licence and deposit protection up to €100,000 by the German Protection Scheme, your money is always in safe hands.
Open your bank account in just minutes from your phone and enjoy a 100% digital banking experience, with no hidden fees — just all the tools you need to make banking simple and stress-free.
What's next?
1. Register online
2. Verify your identity in a short videocall
3. Receive your N26 Mastercard
4. Enjoy your N26 account
Get a discount when you pay annually
Choose to pay for your N26 Smart, You or Metal account annually and you’ll save 20% — that’s a premium N26 account at much less of a premium.
N26 Standard
The free online bank account
- Apple Pay & Google Pay
- Free payments worldwide
- Up to 3 free ATM withdrawals per month
- *Need a physical card? Order a transparent debit Mastercard card for an one-time €10 delivery fee.
N26 Smart
Save + spend with premium perks
- A physical and virtual card
- Up to 5 free ATM withdrawals per month
- 10 Spaces sub-accounts
- Phone support 7 days a week
N26 You
Travel with premium perks
- Unlimited free withdrawals in foreign currencies
- Insurance for delay and theft of luggage
- Medical emergency cover
- Emergencies when travelling
N26 Metal
Our most premium plan
- An 18-gram metal card
- Up to 8 free ATM withdrawals per month
- Purchase protection
- Priority customer hotline
Who is eligible for N26 Instant Savings?
Eligible customers must have a personal or business N26 bank account with a Spanish IBAN, have a registered local tax identification number, and be a resident of Spain. Additionally, if you have renewed your identity document after opening your N26 account, you will need to contact us by chat in the N26 app to update your information. Please note that other security-related eligibility criteria may apply.
When and how is my interest paid?
The interest you earn is automatically calculated and paid out to your Instant Savings account on the first day of each month.
How is my interest calculated?
Your interest is calculated daily at a rate of 2.26% AER (2.26% annual NIR), based on your Instant Savings account balance at the end of the day.
For example, if you maintain a daily balance of €15,000 in your Instant Savings account for a period of 12 months, you’ll earn a total gross interest of €339. Similarly, if there are 30 days in a month and your Instant Savings account balance remains €15,000 for the whole month, you’ll earn a total gross interest of €27.86 (€15,000 x 2.26% x 30/365) at the end of the month.
Is there a limit on the amount of interest I can earn with 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.
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 a part — or all — of your deposit before the end of the month. You won’t lose any interest that was already paid out, nor will you lose any interest that’s already been calculated for the previous days of the current month.
Your interest is calculated every day according to the current balance of your Instant Savings account — so once you make a withdrawal, you will simply earn less interest than before, because your savings account balance will be lower.
Does N26 Instant Savings have a deposit limit?
No, there are no minimum or maximum deposit limits for N26 Instant Savings. You can deposit as much money as you like into your easy-access savings account, and you’ll earn interest on the total balance of your Instant Savings account.
Will I need to pay taxes on my earned interest?
Yes, the interest you earn in your N26 Instant Savings account is taxable by the Spanish 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.