Digital bank N26 has announced the launch of its Instant Savings accounts in a further 13 markets across Europe. From today, customers in Austria, Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia and Slovenia will be able to earn up to 4% interest per annum on their savings, without deposit limits and at no additional cost.

The launch works to further expand the digital bank’s offer in these markets beyond everyday banking, to encompass products and services geared towards helping millions of Europeans improve their financial wellbeing.

The N26 Instant Savings account can be activated in a few taps in the N26 app, and customers will have the full flexibility to move their funds between their interest-bearing Instant Savings account and their main account at any time. Interest income is calculated daily based on the balance in the N26 Instant Savings account, taking into consideration any funds moved in and out of the account that day, and is then paid out at the beginning of the following month.

N26 has tiered the interest rate on its Instant Savings account, where N26 Metal customers will receive 4% interest p.a., while customers with an N26 Smart and You or free N26 standard account will receive 2.8% interest p.a. on their deposits.

N26 Instant Savings will offer these competitive interest rates to both new and existing customers, without limits to the maximum amount of deposits to which the interest rates apply.*

*: N26 Instant Savings is not currently available to N26 Business account holders.