N26 Neobank Expands Instant Savings Accounts to 13 European Countries

N26, the leading German neobank headquartered in Berlin, has recently broadened its reach by extending its instant savings accounts to 13 European markets. Now, customers in countries such as Austria, Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia can benefit from earning up to 4% interest annually on their savings.

The latest move by N26 allows users to seamlessly transfer funds between their interest-bearing instant savings accounts and their primary accounts. Interest income on these newly launched accounts is calculated daily, taking into account any transactions made throughout the day. The accrued interest is then paid out at the beginning of the following month.

N26 has introduced a tiered structure for interest rates on these instant savings accounts. Customers utilizing N26 Metal will enjoy a competitive interest rate of 4% per annum, while those with the N26 Smart and You account or the free N26 standard account will earn 2.8% annually on their deposits.

Valentin Stalf, the CEO of N26, expressed enthusiasm about the expansion, stating, “Thanks to our pan-European business model, we are able to bridge the gap between fragmented interest rate offers across multiple markets. We are pleased to offer customers in these markets highly competitive interest rates on their savings alongside our everyday banking and investing products.”

These interest rates are applicable to both new and existing customers, with no maximum deposit limit. Furthermore, all funds held with N26, including those in instant savings accounts, are safeguarded up to EUR 100,000 per customer by the German Deposit Protection Scheme.

In addition to enhancing its savings offerings, N26 made a strategic move into the digital trading arena earlier this year. The neobank introduced a platform that enables account holders to buy and sell stocks and ETFs directly within the N26 mobile banking app. Initially available in Austria, this service incurs a fee of 0.9 EUR per trade. N26 plans to expand its investment options by offering over 1,000 stocks and ETFs in Germany and Austria, catering to a diverse range of investment preferences.

Despite challenges faced by the fintech industry, N26 has demonstrated impressive revenue growth and resilience. The neobank’s expansion into new markets and innovative product offerings have driven increased customer engagement and transaction volume, positioning N26 as a frontrunner in the digital banking landscape.


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