Earn interest on your savings

Please 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 Austria.

No, N26 Instant Savings is available to all eligible customers — new and existing.

We offer 4%* interest p.a. with Metal and 2.8%*p.a. with other memberships to all eligible customers, both new and existing. Please note that interest rates for each type of membership are variable and subject to change over time.

The gross interest you earn is automatically calculated and paid out to 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 €600 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 €49.32 (€15,000 x 4% x 30/365) in gross interest 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. 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.

Nope! N26 Instant Savings is a fully flexible savings account, so you can deposit any amount any time — no strings attached.

Yes — the interest you earn in your N26 Instant Savings account is taxable in the country where you are a tax resident. For Austrian residents, N26 doesn’t withhold taxes from the paid interest, so please check the requirements of your local tax authority and proceed accordingly. You'll be able to see how much interest you've earned in total 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.

It’s a savings account without a strict commitment and without a fixed length of deposit. That 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.

Your main account is the one you use 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 in it, but 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.