N26 Instant Savings account
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%* interest rate p.a. with Metal and 2.8%* p.a. with other N26 memberships, and access your funds at any time.
Open free savings account
*Interest rates p.a. are equivalent to AER in Ireland and TANB in Portugal (before taxes). The interest rates are based on N26 Membership: 2.8% p.a. for Standard, Smart, and You, 4% p.a. for Metal. The interest rates are variable and can be subject to change in the future.
N26 accounts — Your money deserves an upgrade
More interest
N26 Metal
The premium account with a metal card
€16.90
/month
- 4% interest p.a. on your Instant Savings
- Up to 8 free domestic ATM withdrawals
- Exclusive mobile phone coverage
Open N26 Metal account
N26 You
The debit card for everyday and travel
- 2.8% interest p.a. on your Instant Savings
- Up to 5 free domestic ATM withdrawals
- Flight and luggage delay cover
Open N26 You account
N26 Smart
The bank account that gives you more control
€4.90
/month
- 2.8% interest p.a. on your Instant Savings
- Up to 10 Spaces sub-accounts
- Customer support hotline
Open N26 Smart account
N26 Standard
The free online bank account
Virtual Card
€0.00
/month
- 2.8% interest p.a. on your Instant Savings
- Up to 3 free domestic ATM withdrawals
- Free payments worldwide
Open free bank account
What is N26 Instant Savings?
N26 Instant Savings is an easy-access savings account available at no extra cost in the N26 app in Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia.
Earn interest on all your savings with no deposit limits** and instantly withdraw anytime. Win-win.
Saving just got more rewarding
Interest paid monthly
Earn up to 4%* 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**.
Interest Calculator
N26 Instant Savings
Use our interest calculator to see how your money can grow over time with N26.
Enter your starting balance and a time period:
New balance
Gross interest
To choose the best savings option for you, consider the conditions of promotional rates — including how long they're valid for. 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.
Simply head to the ‘Finances’ tab in the N26 app on your phone and tap on ‘Instant Savings’ to create your savings account.
Open free 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.
**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.
When and how is my interest paid?
The gross interest you earn is automatically calculated and paid into your Instant Savings account on the first day of the following month.
How is my interest calculated?
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.
Where can I find N26 Instant Savings in the app?
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.
Do I have to top up a certain amount of money every month to keep earning interest?
No! N26 Instant Savings is a fully flexible savings account, so you can deposit any amount any time — no strings attached.
Do I need to pay taxes on my earned interest?
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.
