N26 introduces Instant Savings, a new service that offers consumers up to 4% interest on savings, in 13 additional markets.

Customers can now earn up to 4% interest annually on savings in Austria, Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia, with no additional fees and no deposit limits.

With this launch, the digital bank hopes to broaden its offerings in these areas beyond standard banking and include goods and services that will benefit millions of Europeans by enhancing their financial security.

Customers will have complete flexibility to transfer money between their interest-bearing Instant Savings account and their primary account at any moment after activating the N26 Instant Savings account with only a few taps on the N26 app. Interest income is paid out at the start of each month, and it is computed daily depending on the balance in the N26 Instant Savings account, accounting for any cash transferred in and out of the account that day.

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

With no upper limit on the total amount of deposits to which the interest rates apply, N26 Instant Savings will provide these appealing interest rates to both new and current clients.

N26 CEO Valentin Stalf: "We are able to bridge the gap between fragmented interest rate offers that may vary significantly across multiple markets because of our pan-European business model." We're happy to be able to provide these markets' clients with extremely competitive interest rates on savings in addition to our standard banking and investing offerings.

The German Deposit Protection Scheme insures all money stored with N26, including money in N26 Instant Savings accounts, up to a maximum of EUR 100,000 per customer.