N26 launches new Instant Savings account, offering Spanish customers 2.26% interest on deposits
- N26 customers in Spain will be the first to enjoy a 2.26% yield on their savings with the launch of its new N26 Instant Savings Account
- Eligible customers will be able to now earn interest on their deposits with flexibility to access their savings at any time, on amounts up to €50,000 with no minimum deposit requirements
- Interest-bearing savings are the latest addition to N26’s portfolio of products and services, and will be rolled out gradually across its European markets to help customers make the most of their money
Gilles BianRosa, Chief Product Officer: “As more and more customers choose N26 as their primary bank account over traditional banks, it’s been our priority to expand our product portfolio to offer a more comprehensive range of benefits that help empower customers to have a better relationship with their money. Interest-bearing savings are an important part of this, and it’s exciting to be launching a product that offers one of the most competitive rates in the market today.”
Pablo Reboiro, General Manager for Spain & Portugal: “We’re really proud of how well our Spanish customers have received the N26 product, where we have made conscious efforts to invest in providing an even more relevant local offering over the last years. First we launched accounts with a Spanish IBAN in 2019, and then became the first digital bank to join Bizum last year. Today, we’re proud to launch an Instant Savings account, empowering our Spanish customers to make most of their money simply by using N26.”
About N26
N26 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 100bn EUR in transactions a year and currently has a 1,500-strong team of more than 80 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.
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