Earn interest on your money

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 a personal N26 bank account, German IBAN, and T&Cs and legal residence in 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.

We offer a 4% annual interest rate for our Metal accounts, and 2.8% with other accounts. These interest rates apply for all eligible customers, new and existing. Please note that regular rates per membership are variable and subject to change over time.

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 instance, if you maintain a daily balance of €15,000 in your Instant Savings account for 12 months and you have Metal membership, you’ll earn a total gross interest of €600 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 gross interest of €49.32 (€15,000 x 4% x 30/365) for that month.

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.

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.

At the moment, only customers with a personal N26 bank account are eligible to open an Instant Savings account.

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.

At N26, each 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.