Contents
European savings rates have risen significantly since 2022, with some accounts now offering 3.5-4.5% APY. But finding the best rate requires looking beyond your local bank.
Top Savings Accounts Europe 2026
| Bank | Rate (AER) | Country | Protection | Access |
|---|---|---|---|---|
| Trade Republic | 4.00% | DE (EU-wide) | 100K EUR | App |
| Raisin (platform) | 3.5-4.25% | EU-wide | Varies by bank | Web |
| ING (varies) | 3.0-3.75% | NL, DE, ES | 100K EUR | Web/App |
| ABN AMRO | 3.5% | NL | 100K EUR | Web/App |
| Rabobank | 3.5% | NL | 100K EUR | Web/App |
| BBVA | 3.0% | ES | 100K EUR | Web/App |
| Poste Italiane | 2.5-3.0% | IT | 100K EUR | Branch/App |
Raisin: The Pan-European Savings Platform
Raisin lets you access savings accounts across 20+ European countries from one platform. This means a German resident can access higher rates from French or Dutch banks. All deposits covered by respective EU deposit guarantee schemes.
Key Considerations
- Tax on interest: Most countries tax savings interest as income. Check your local rate
- Fixed vs variable: Fixed-term deposits offer higher rates but lock your money. Variable rates can drop
- Deposit protection: 100K EUR per bank per depositor across EU
- Inflation: Savings accounts preserve capital but may not beat inflation long-term
Key Takeaways
- Best rates: 3.5-4.25% via Trade Republic and Raisin
- Raisin gives access to best rates across EU
- 100K EUR deposit protection per bank
- Interest is taxed as income in most countries
- For long-term growth, invest — savings are for short-term and emergency funds
FAQ
Are European savings accounts safe?
Yes – 100K EUR deposit protection per bank under EU directive. Covers bank failure, not market risk.
Should I use savings or investing?
Savings for emergency fund and short-term goals (1-3 years). Investing for long-term (5+ years). See our investing guide.
