Best Neobank Savings Account in Europe 2026: Interest Rate Comparison
Last updated: March 2026 · ECB deposit rate context included · Methodology
📊 ECB Rate Context — March 2026
The ECB deposit facility rate is approximately 2.5% in early 2026 (down from 4% peak in 2023–2024). Most neobank savings rates are ECB-linked and will continue to fall as the ECB cuts rates. Rates shown are indicative as of March 2026 — always verify with the provider before depositing.
Savings Rate Comparison — March 2026
| Bank | Savings Rate | Limit | Min Plan Required | Deposit Protection |
|---|---|---|---|---|
| Trade Republic Best Rate — Free Account | 2.0% p.a. | €50,000 | ECB-linked; free Standard account; no lock-in | ✅ €100K DGS |
| N26 | 2.0% p.a. | No stated limit | Metal plan only (€16.90/mo); German DGS | ✅ €100K DGS |
| bunq | Up to market rate | Per sub-account | Interest on savings sub-accounts; Dutch DGS | ✅ €100K DGS |
| Revolut | Competitive (ECB-linked) | Varies by plan | Savings Vaults; Lithuanian DGS; rate varies by tier | ✅ €100K DGS |
| Wise | Available on GBP/EUR/USD | No stated limit | Via Assets feature; NOT DGS protected | ⚠️ Safeguarded only |
| Lunar | 1.05% p.a. | Standard savings | Danish DGS; Nordic-only | ✅ €100K DGS |
Our Top Pick: Trade Republic for Free Savings
Trade Republic pays 2% p.a. on uninvested cash up to €50,000, on a completely free account with a full German banking licence and €100,000 BaFin deposit protection. No monthly fee. No lock-in period. ECB-linked rate. For straightforward savings with no monthly cost, this is the best deal in EU neobanking in 2026.
The main caveat: Trade Republic is primarily an investing platform. Its PFOF revenue model is being phased out by the EU in 2026 — which may affect its fee structure. We will update this page as developments unfold.
Important: Don't Keep Large Savings at Wise
Wise offers interest on EUR, GBP, and USD balances via its "Assets" feature. However, Wise is an e-money institution — your balance is not covered by the EU Deposit Guarantee Scheme. Do not keep savings you cannot afford to lose at Wise. Use a fully licensed EU bank for savings balances above a few thousand euros.
Frequently Asked Questions
Which neobank pays the highest interest rate in Europe?+
Trade Republic and N26 Metal both offer 2% p.a. in early 2026. Trade Republic pays 2% on uninvested cash up to €50,000 with no monthly fee — making it the best rate on a free account. N26 Metal pays 2% but costs €16.90/month.
Is it safe to keep savings in a neobank?+
Yes, if the neobank has a full EU banking licence with €100,000 DGS deposit protection. Trade Republic (BaFin), N26 (BaFin), Revolut (Bank of Lithuania), and bunq (DNB) all qualify. Wise does not have DGS protection — do not keep large savings there.
Do neobank savings rates change?+
Yes — most EU neobank savings rates are linked to the ECB deposit facility rate (currently 2.5% in early 2026). As the ECB cuts rates, neobank savings rates typically follow. Always check the current rate directly with the provider.