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.

N26 Instant Savings account

Earn 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 4% NIR (3.8% AER)* interest with Metal, 2.26% TIN (2.26% AER) with Standard, Smart and You, while still being able to dip into it anytime.

*3.8% AER (4% annual NIR). With this interest rate, if you maintain a daily balance of €100 000 in your N26 Instant Savings account for 12 months, discounting the annual N26 Metal subscription fee of €202.80, your annual remuneration amounts to a gross amount before withholdings and taxes of €3 797.20.

N26 accounts — your money deserves an upgrade

More interest

N26 Metal

The premium account with a metal card

N26 Metal - Charcoal Black.
€16.90
/month
All benefits of N26 You, Plus
  • 4% NIR (3.8% AER)* interest on your N26 Instant Savings
  • Up to 10 Spaces and 8 free domestic ATM withdrawals
  • Extended travel, phone, and purchase protection insurance
  • 18-gram metal card

N26 You

The debit card for everyday and travel

N26 You card, Petrol.
€9.90
/month
  • 2.26% NIR/AER* interest on your N26 Instant Savings
  • Up to 5 free domestic ATM withdrawals
  • Up to 10 Spaces sub-accounts
  • Travel insurance

N26 Smart

The bank account that gives you more control

N26 You card, Rhubarb.
€4.90
/month
  • 2.26% NIR/AER* interest on your N26 Instant Savings
  • Up to 10 Spaces sub-accounts
  • Customer support hotline
  • Virtual and physical card

N26 Standard

The free online bank account

The N26 virtual card.
Virtual Card
€0.00
/month
  • 2.26% NIR/AER* interest on your N26 Instant Savings
  • Worldwide payments and no foreign transaction fees
  • Up to 3 free domestic ATM withdrawals
  • Virtual debit card

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 all your savings (no minimum or maximum deposit limits), and instantly withdraw anytime — without losing any interest you’ve already earned. Win-win.

Saving just got more rewarding

Grow your money

Earn up to 4% NIR* (3.8% AER) interest — calculated daily and paid out monthly to grow your balance automatically.

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.

No deposit limits

No minimum or maximum deposit limits and no penalties for withdrawals, you’re free to save at your own pace.

Hand holding a Metal N26 card.

Get more with N26 Metal

N26 Metal customers earn 4% NIR* (3.8% AER) interest 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**, an extensive insurance package, priority customer support, and a unique stainless steel debit card.

Discover N26 Metal

Interest Calculator

Use our interest calculator to understand how your money can grow over time with N26.

Enter your starting balance and a time period:

New balance
€10,400

Gross interest
€400

Start earning interest today

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, get your tax ID verified. Then, 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 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?

Simply enter a phone number to send or request money. If you’re shopping, you can also pay with Bizum in participating stores in Spain.

Learn more

*N26 Instant Savings has no minimum or maximum deposit limit. *3.8% AER (4% annual NIR). With this interest rate, if you maintain a daily balance of €100 000 in your N26 Instant Savings account for 12 months, discounting the annual N26 Metal subscription fee of €202.80, your annual remuneration amounts to a gross amount before withholdings and taxes of €3 797.20. Interest is paid monthly. Applicable to any amount deposited in the N26 Instant Savings account, with no maximum limit. See conditions at n26.com.

**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 and 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.

FAQ

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. Make sure you’re using the latest version of the N26 mobile app.

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.

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 or business 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?

If you are a Metal member, 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 €600 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 €49.32 (€15,000 x 4% x 30/365) in gross interest for that month.

Where can I find N26 Instant Savings?

Instant Savings is located in the Finances section of your N26 app, no matter what kind of personal or Business account you have, premium or free account. If you’re an eligible N26 customer and Instant Savings doesn’t appear in this section, please make sure that your N26 app is updated and you’re using the latest version.

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.

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 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.

Do I 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?

Yes, both customers with a personal and business N26 bank account are eligible to open an Instant Savings account, whatever tier subscription they have.

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.