N26, the German neobank with headquarters in Berlin, has expanded its instant savings accounts to 13 additional European markets. This move allows customers in Austria, Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia to earn up to 4% interest annually on their savings.
According to the firm’s official statement, the savings accounts enable users to transfer funds between their interest-bearing instant savings account and their primary accounts. Interest income on the accounts is calculated daily based on the balance in the instant savings account, factoring in any funds moved in or out during the day. This amount is paid out at the start of the following month.
Valentin Stalf, the CEO of N26, mentioned: “Thanks to our pan-European business model, we are able to bridge the gap between fragmented interest rate offers that may vary significantly across multiple markets. We’re pleased to be able to now offer customers in these markets highly competitive interest rates on their savings alongside our everyday banking and investing products.”
Expect ongoing updates as this story evolves.
N26, the German neobank with headquarters in Berlin, has expanded its instant savings accounts to 13 additional European markets. This move allows customers in Austria, Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, and Slovenia to earn up to 4% interest annually on their savings.
According to the firm’s official statement, the savings accounts enable users to transfer funds between their interest-bearing instant savings account and their primary accounts. Interest income on the accounts is calculated daily based on the balance in the instant savings account, factoring in any funds moved in or out during the day. This amount is paid out at the start of the following month.
Valentin Stalf, the CEO of N26, mentioned: “Thanks to our pan-European business model, we are able to bridge the gap between fragmented interest rate offers that may vary significantly across multiple markets. We’re pleased to be able to now offer customers in these markets highly competitive interest rates on their savings alongside our everyday banking and investing products.”
Expect ongoing updates as this story evolves.
