Get an ECB-linked interest rate
Join N26 Metal and earn 2.75% interest p.a.* with our Instant Savings account — linked to the European Central Bank rate.Open a bank account
Grow your money
Earn interest on your savings — calculated daily and paid out monthly.
100% flexible
No need to lock your money away. Deposit and withdraw any amount, whenever you want.
No deposit limits**
Add as much money as you like and earn interest on every cent.
Your money is protected
The money in your bank accounts — including N26 Instant Savings — is protected up to €100,000 by the German Deposit Guarantee Scheme.
Switch banks in minutes
Open your N26 account and move your recurring payments in just a few taps.
Open a bank account*Valid only for new N26 Metal customers who joined N26 starting 19/02/2025. Interest rate corresponds to the current European Central Bank deposit facility rate and is subject to change. Terms and Conditions apply.
For existing customers, N26 Instant Savings account interest rates are based on your main N26 plan, for both personal and business accounts: starting on 05/02/2025, 1.05% p.a. for Standard and Smart, 1.25% p.a. for You, and 2.25% p.a. for Metal (before taxes). Please note that rates per plan can be changed by N26 over time. Interest is only earned on funds held in your Instant Savings account. Withholding taxes may apply for customers who are residents of Germany, in which case N26 will withhold taxes on paid interest.
**The money in your bank accounts — including N26 Instant Savings — is protected up to €100,000 by the German Deposit Guarantee Scheme.
The offer is provided under the German law.
FAQ
To create a savings account, customers need to have an N26 personal or business bank account, German IBAN, and T&Cs, and legal residence in one of the following countries: Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia.
No, N26 Instant Savings is available to all eligible customers — new and existing.
No. First, you’ll need to open an N26 bank account and select your membership — Standard, Smart, You, or Metal. Then you may open a second separate N26 Instant Savings account right in your N26 app (depending on your eligibility). The interest rate earned on the funds held in this separate savings account will vary based on your chosen membership.
The gross interest you earn is automatically calculated and paid into your Instant Savings account on the first day of the following month.
Yes, N26 may change interest rates at any time based on market fluctuation. If this happens, we’ll send you a notification, after which the new rate will take effect immediately.
Whether you have a free N26 account or a premium one, you can find Instant Savings in the Finances tab of your N26 app under the “Savings” section. If you’re an eligible N26 customer but can’t see the Instant Savings option, please make sure that you have the latest version of the app.
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. The sky’s the limit.
N26 Instant Savings is a fully flexible, easy-access savings account, so there are no penalties for withdrawing part — or all — of your funds before the end of the month. You won’t lose any interest that was already paid out or the interest you’ve accrued over the previous days of the current month.
In the event of withdrawal, no interest will be paid on the amounts withdrawn.
Please note that the interest rates are subject to change at any time by N26.
No! N26 Instant Savings is a fully flexible savings account, so you can deposit any amount any time — no strings attached.
Yes. In general, the interest you earn in your N26 Instant Savings account is taxable in the country where you are a tax resident. N26 won't withhold taxes from the interest you earn, so check the tax regulations in your home country and plan accordingly. For accounting purposes, you'll be able to view your total interest earned in your N26 Instant Savings balance statement. Please note that if you move to Germany, German withholding tax requirements will apply.
Yes. Customers with an N26 personal or business bank account are eligible to open an Instant Savings account in Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia, regardless of which tier subscription they have.
An easy-access savings account is a savings account without a strict commitment and no fixed length of deposit. This means you can deposit and withdraw money at any time without reducing your interest rate or paying penalty fees for early withdrawals.
In the event of withdrawal, no interest will be paid on the amounts withdrawn. Please note that the interest rates are subject to change at any time by N26.
At N26, each eligible customer can have one Instant Savings account. There's no limit to the number of savings accounts you can have with different banks, unless there are local restrictions in your country of residence.
Your main account is a checking account used for everyday transactions and payments, but the money in it doesn't earn interest. A savings account allows you to earn interest on the money you deposit into it, but it can't be used for everyday payments or be linked to a card.
With a flexible savings account, you can deposit and withdraw money at any time, without reducing your interest rate or paying penalty fees for an early withdrawal. With a fixed-term savings account, you have to lock your money away for a certain period of time — usually, at least one year. If you decide to withdraw money from a fixed-term savings account during this period, you won’t get the earned interest and may have to pay a fee, depending on the T&Cs.
No, you'll need to move money from your N26 Instant Savings account to your main account first.