How does N26 Savings work?

N26 Savings is a time deposit account, which means that you park a certain amount in a savings account for a duration period of your choice to gain interest over this time frame. Before this period has expired, you cannot take the money out. The total amount, including interest, will be transferred to you at the end of the term. You can set the running time between 3 and 60 months, as well as freely choose the amount to deposit (with a minimum of € 2,000 and a maximum of € 100,000.)

Can I access the money before the term ends?

If you open a fixed term savings plan, you will not be able to withdraw the money before the term ends. That’s part of the reason why banks are willing to pay higher interest rates for these savings plans. You will get all your money and accumulated interest in one payout at the end of the term.

How much interest will I earn?

Your savings interest depends on which savings plan, or partner bank, you choose. Your money will be kept for you at one of our partner banks, where you can receive interest rates of up to 1.38%.

Where can I see the status of my savings plan?

In the “Explore” section of the N26 App, you can view your Savings status in just a few taps. Here you’ll be able to see the starting amount of your savings plan, how much interest you will receive, and when the total amount (deposit + interest) will be paid out.

Is the money in my savings account safe?