Risk indicator according to the bank accounts N26 Standard, N26 Smart, N26 You, N26 Metal, and N26 Instant Savings account.
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.
Can't find this in your N26 app? No stress. We’re gradually rolling out Instant Savings to all eligible customers in Spain, so keep your app up to date and check again every few days.
N26 Instant Savings account
Interest that’s actually interesting
Grow your savings with 2.26% AER* interest — and dip into it anytime you need to.
*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 maximum savings of €50,000.
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.
Earn interest on your savings up to €50,000, and instantly withdraw anytime — without losing any interest you’ve already earned. Win-win.
Saving just got more rewarding
Grow your money
Earn 2.26% AER (2.26% annual NIR) interest on balances up to €50,000 — calculated daily and paid out monthly.
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.
With no minimum deposit and no penalties for withdrawals, you’re free to save at your own pace.
Start earning interest today
Not a customer yet? Join N26 in 8 minutes and open a bank account, right from your phone.
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.
Your money is protected
N26 is a fully-licensed bank. That means the money in your bank account — including Instant Savings — is protected up to €100,000 by the German Deposit Guarantee Scheme.See how N26 is simply secure
Bank like the locals with N26 x Bizum
Did you know you can also instantly send, receive, and request money with Bizum from your N26 app?
Just use their phone number to easily share money. If you’re shopping, you can also pay with Bizum in participating stores in Spain.Learn more
An account that fits in with you
Ready to discover mobile banking? Compare our bank accounts now to find the one that fits you best. Choose between our free standard account and the N26 premium accounts. Open your account directly on your smartphone in 8 minutes and discover modern banking.
Why can’t I find Instant Savings in my N26 app?
Instant Savings is available in the app for both new and existing eligible customers with a personal N26 bank account. If you recently joined N26 after May 15, 2023, please note that it can take up to 3 business days for Instant Savings to appear in your app because we need to first verify your Spanish tax ID.
If you joined N26 before May 15, 2023, please note that we’re gradually rolling out Instant Savings in Spain. Make sure you’re using the latest version of the N26 mobile app, and check back in a few weeks.
Who is eligible for N26 Instant Savings?
Eligible customers must have a personal N26 bank account with a Spanish IBAN, a valid Spanish tax ID, and be a resident in Spain. Please note further eligibility criteria may apply.
Is this interest rate only for new customers?
No. We offer the same interest rate to both new and existing eligible customers. All eligible customers who have a personal N26 Standard, Smart, You, or Metal account can open an Instant Savings account in their N26 app.
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 (up to a maximum of €50,000).
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?
While you may deposit as much money as you like into your easy-access savings account, you’ll only earn interest on balances up to €50,000. Any balance above €50,000 will not accrue interest in N26 Instant Savings.
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.
What do AER and annual NIR mean?
Simply defined, AER and annual NIR are measures of the interest rate you’ll earn on your savings in a year. NIR (Nominal Interest Rate) is the fixed percentage you’ll earn as agreed upon with your bank. AER (Annual Equivalent Rate), on the other hand, is the actual interest rate, including any bank fees and extra costs.
As Instant Savings is offered to N26 customers at no extra cost, the AER is the same as the annual NIR. In Spanish terms and conditions, AER and annual NIR are often called TAE (Tasa Anual Equivalente) and TIN (Tipo de Interés Nominal) respectively.
Does N26 Instant Savings have a deposit limit?
No, there is no minimum deposit for N26 Instant Savings. You can also deposit as much money as you like into your easy-access savings account, however please note that you’ll only earn interest on balances up to €50,000.
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.
Why do you need my Spanish tax ID? Where can I find my Spanish tax ID?
We need your Spanish tax ID because when you earn interest on your savings, we're required to withhold and pay your taxes to the local tax authorities. Your Spanish tax ID number is your DNI (Documento Nacional de Identidad) if you’re Spanish, or your NIE (Número de Identidad de Extranjero) if you’re a foreign resident in Spain.
Can customers with German IBAN open an N26 Instant Savings account?
At the moment, only customers with a Spanish IBAN are eligible to open an Instant Savings account.
Can N26 Business customers open an Instant Savings account?
At the moment, only customers with a personal N26 bank account are eligible to open an Instant Savings account.
What does “risk level of the product” mean?
In Spain, the risk level of investment products is measured on a numerical scale from one to six. This means that the products marked as 1/6 are considered the safest, and those with 6/6 carry the most risk. As N26 is a member of the Deposit Guarantee Fund for Credit Institutions in Spain, all funds deposited into your N26 bank account — including Instant Savings — are always protected up to €100,000.