N26 Instant Savings account
Earn up to 2.5%* 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 2.5%* interest p.a. with Metal, 1.5% p.a. with You, and 1.3% with Smart and Standard, and access your funds at any time. This offer is waiting for you in the N26 app for residents in Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia.
To benefit from this offer, you’ll need to open an N26 bank account. After that, you may open a separate N26 Instant Savings account to earn interest alongside everyday banking. Please note that you’ll only be able to open an N26 Instant Savings account if you meet the eligibility requirements. Check our FAQs for more information.
*Interest rates are based on your N26 membership: 1.3% for Standard and Smart, 1.5% for You, and 2.5% for Metal, including both personal and business accounts. Interest rates are variable and subject to change in the future. Interest rates p.a. are equivalent to AER in Ireland and TANB in Portugal (before taxes).
What is N26 Instant Savings?
N26 Instant Savings is an easy-access savings account available at no extra cost in the N26 app. Now, customers with personal and business accounts in the countries mentioned above can grow their savings the flexible way. Earn interest on your funds with no deposit limits** and instantly withdraw anytime. Win-win.
Saving just got more rewarding
Interest paid monthly
Earn up to 2.5%* interest p.a. — calculated daily and paid out monthly — to grow your balance automatically.
100% flexibility
No need to lock your money away. Deposit and withdraw any amount, anytime, in seconds.
No extra fees
Open your N26 Instant Savings account with just a few taps in the N26 app — at no extra cost.
No deposit limits**
Add as much money as you like and earn interest on your total savings balance. The sky’s the limit**.
N26 accounts — Your money deserves an upgrade
MORE INTEREST
N26 Metal
The premium bank account with a metal card
€16.90/month
2.5% interest p.a. on your N26 Instant Savings
Up to 8 free domestic ATM withdrawals
Exclusive mobile phone coverage
N26 You
The all-in-one account for banking and travel
€9.90/month
1.5% interest p.a. on your Instant Savings
Up to 5 free domestic ATM withdrawals
Flight and luggage delay cover
N26 Smart
The bank account that gives you more control
€4.90/month
N26 Standard
The free account for your everyday banking needs
Virtual Card
€0.00/month
1.3% interest p.a. on your Instant Savings
Up to 2 free domestic ATM withdrawals
Free payments worldwide
Get more with N26 Metal
N26 Metal customers earn 2.5%* interest p.a. on Instant Savings — our highest interest rate. As our most premium banking experience, N26 Metal also includes an extensive insurance package, priority customer support, and a unique stainless steel debit card.
Interest Calculator
N26 Instant Savings
Use our interest calculator to see how your money can grow over time with N26.
Enter a balance, your plan’s interest rate, and a time period:
New balance
€10,250.00
Gross interest
€250.00
The calculation above shows gross amounts before withholding taxes and assumes that the daily balance in the savings account remains the same during the whole period. If you keep the paid interest in your N26 Instant Savings account, the total gross interest earned during the whole period will be higher. This is because you'll be earning interest on the interest you've already earned.
Start earning interest
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 personal or business bank account set up, simply head to the ‘Finances’ tab in the N26 mobile app and tap on ‘Instant Savings’ to create your savings account.
Your money is protected
N26 is a fully-licensed German bank. That means the money in your bank accounts — including N26 Instant Savings — is protected up to €100,000 by the German Deposit Guarantee Scheme.
Automate? Great.
Growing your money is even easier when you automate your savings. With N26 Rules and Goals (available for all customers) or N26 Income Sorter and Round-ups (available for N26 Smart, You, and Metal customers) you can reach your goals faster by automatically moving money between your main account and your savings account. It’s a great, hands-off way to kickstart your savings.
*N26 Instant Savings account interest rates are based on your main N26 Membership, for both personal and business accounts: 1.3% p.a. for Standard and Smart, 1.5% for You, and 2.5% p.a. for Metal (before taxes), as of 8.11.2024. Interest rates p.a. are equivalent to AER in Ireland and TANB in Portugal (before taxes).
Please note that rates per membership are variable and 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
Make sure you have the latest version of the app installed. If you don't see Instant Savings in your Finances tab, you might not meet some of the eligibility criteria.
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.
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 €375 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 €30.82 (€15,000 x 2.5% x 30/365) in gross interest for that 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.