N26 offers new customers in Spain 2.79% TAE on their Instant Savings
Clients who join the online bank from March 12 onwards will benefit from one of the most attractive interest rates on the Spanish market, 0.25 points above the ECB interest rate, in exchange for linking their Bizum to N26
Madrid, 12 March 2025 – Online bank N26 announced today that it will offer a return of 2.79% TAE, 0.25% above the current European Central Bank (ECB) deposit rate, to all its new customers. Clients who join the bank from March 12 onwards, open a savings account and link their Bizum to N26 will benefit from one of the most competitive interest rates on the Spanish market, with a deposit limit of 50,000€, being able to access their funds freely and without restrictions at any time. In this way, N26, in contrast to most banks, shows its continuous commitment to offering attractive savings account interest rates in a European rate-cutting cycle.New customers who open an account with N26 and link their Bizum to the online bank will start earning 2.79% TAE on their savings starting in April. To continue enjoying this rate month after month they must keep their Bizum linked to their N26 account. Starting at 50,000€ and up to an unlimited amount, they will receive the rate corresponding to their chosen subscription plan.
Valentin Stalf, Founder and CEO of N26: “This new offering as well as our recently introduced free trading service are a testament to our commitment to providing our customers with the best tools to manage their finances and reach their goals. They no longer have to worry about how to save; it's simple, transparent, and above the current ECB rate”.
N26 will continue to reward all its current customers with interest on their savings with no conditions of permanence, no minimum or maximum amount required, no additional fees, and no need to have their salary paid directly into their account. N26 Instant Savings, launched in the Spanish market in May 2023, gives customers the flexibility to access their savings at any time. Interest income is calculated daily and is paid out at the beginning of the following month. With no maximum limit, the account offers interest on every cent that is saved. In addition, all funds held with N26, including those in N26 Instant Savings accounts, are protected up to 100,000€ per customer by the German Deposit Protection Scheme.With the aim of providing customers with alternatives beyond savings to make the most of their money, in January N26 became the only financial service provider in Europe to offer trading without charging fees or commissions. By bringing together savings and free trading in a simple banking app trusted by millions, N26 is committed to being the number one financial platform in Europe for managing day-to-day finances and building future wealth.
About N26N26 is Europe’s leading digital bank with a full German banking license. It offers simple, secure and customer-friendly mobile banking to millions of customers in 24 markets across Europe. N26 processes over 140bn EUR in transactions a year and currently has a 1,500-strong team of more than 90 nationalities. The company is headquartered in Berlin, with offices in multiple cities across Europe, including Vienna, Paris, Milan and Barcelona. Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has raised close to US$ 1.8 billion from some of the world’s most renowned investors.Website: n26.com | N26 Press Contact: press@n26.com
