How to use EasyFlex Savings?

On the 19th of December 2022 we informed our customers via email and Secure Inbox that we will discontinue our partnership with Raisin (Weltsparen), our partner for the EasyFlex Savings product. Customers have the option to continue managing their funds directly through Raisin’s platform. Alternatively, they can choose to cancel their EasyFlex Savings account. 

  • If you still have funds on your EasyFlex Savings account on the 16th January 2023, you will receive an email which enables you to set up an account directly at Weltsparen. You will then be able to access and manage your funds directly from their platform. 
  • If you don’t have any funds on your EasyFlex Savings account on the 16th January 2023, your EasyFlex Savings account will simply be closed and you don’t have to take any further action.

Please read the email and Secure Inbox message you received from us for further information.

With EasyFlex Savings you can earn interest on your savings whilst staying flexible. The minimum deposit is 500€. After that there are no limits on how much you can deposit or withdraw from your EasyFlex Savings. This means there is no fixed saving term and you can access your funds at any time. Transferring money from and to your EasyFlex Savings account takes up to 2 business days. Tap on Explore in the Homescreen of your App, scroll down and tap EasyFlex Savings to open it.


What does EasyFlex Savings cost?

We charge no fixed fee and nothing on the interest you earn. If you have more than 50.000€ on your N26 account, EasyFlex Savings is a great way to avoid our deposit (new tab) fee whilst earning something extra. 

How often is the interest paid?

Your earned interest is paid to your EasyFlex Savings account every quarter (3 months). You can choose to withdraw it, or keep it in your EasyFlex Savings to earn even more interest.

Is the interest rate fixed?

No. Your interest rate may vary, depending on the partner bank. We always strive to be transparent and offer you the most competitive rates, so we’ll be sure to let you know if your interest rate changes at any time.

Do I need to pay income tax on the interest earned in my savings account?

You must declare your earned interest as part of your personal income tax declaration to the responsible tax authority. Whether you need to pay income tax on your earned interest will depend on your personal circumstances. You will receive an annual statement from our partner bank in your in-app inbox each year, which will show you the total interest amount that you need to declare.

How does N26 provide the EasyFlex Savings service?

We partnered up with Raisin who are also known as WeltSparen to offer EasyFlex Savings as a completely digital service. Our partner bank for this product is the Norwegian Komplett Bank.

Is my money safe in EasyFlex Savings?

Yes. You are covered by the applicable Deposit Guarantee Scheme that protects your funds up to €100.000 (paid out in the Norwegian Krone equivalent).