N26 Launch Savings Account Paying 1.70% to 3.00% less fees

Are the prices for the various accounts wrong in that article?

According to the app (at least for me) the prices per month are;

Smart €3.90
You €7.90
Metal €13.50
 
Páid said:
Are the prices for the various accounts wrong in that article?

According to the app (at least for me) the prices per month are;

Smart €3.90
You €7.90
Metal €13.50
Click to expand...
I am being charged 5.90 p month for a you account.
 
Its a hell of a lot more secure than Bunq, doest seem to be much in the way of 2 step authentication there
 
No deposit limit for people willing and able to risk having more than the DGS in one bank/fintech.
 
Páid said:
Are the prices for the various accounts wrong in that article?

According to the app (at least for me) the prices per month are;

Smart €3.90
You €7.90
Metal €13.50
Click to expand...
App showing these prices for me also.

But N26.com showing:

Smart €4.90
You €9.90
Metal €16.90

Strange
 
Knuttell said:
Digital bank N26 puts it up to Irish banks with instant access savings account paying 4pc
Click to expand...
The 4% offering is only available if you pay €16.90 per month for a Metal Account
The rate is 2.8% for all other accounts: Standard (free), Smart (€4.90 monthly) and You (€9.90 monthly)
 
The savings are based off if you pay annually, biannually, or monthly, via their app for e.g. their most expensive plan (metal):

Metal Plan
Pay Annually: €13.50 /month (total €162.20 ?? weird /12 months)
Pay Biannually: €16.10 /month (total €96.30 /6 months)
Pay Monthly: €16.90 /month
 
Freelance said:
The 4% offering is only available if you pay €16.90 per month for a Metal Account
The rate is 2.8% for all other accounts: Standard (free), Smart (€4.90 monthly) and You (€9.90 monthly)
Click to expand...

In my case, it's actually worth paying the €13.50 /month for the metal plan to get the 4% for my house deposit (house won't be ready till end of the year). So after 5 months, I will be up money by paying for the metal card, after DIRT and PRSI - for the entire year - so I can pull out my savings then and still be up.
 
Thanks. Interesting that they don't make that very clear, and advertise the cheapest monthly rate without making it clear that this is based on an annual up front payment.
 
Agreed. Very straight forward to set up for existing clients.

It is created as a "space" which is a form of sub account. However it does get a separate IBAN.
 
Does any one want to do the math on how much money you need to have saved there for it to make sense to pay extra for the Smart/You/Metal account to get more interest
 
Connard said:
Does any one want to do the math on how much money you need to have saved there for it to make sense to pay extra for the Smart/You/Metal account to get more interest
Click to expand...

This is a copy of what I used to calculate my situation:

Askaboutmoney copy of N26 DIRT & PRSI Calculator

Sheet1 Deposit Amount,Interest rate,Interest per month,DIRT @ 33%,PRSI @ 4%,Net,N26 Plan,After N26 Plan €65,000.00,0.04,€216.67,€71.50,€8.67,€136.50,€13.50,€123.00,N26 metal for 12 months @ €13.50 /month,€162.00 €65,000.00,0.028,€151.67,€50.05,€6.07,€95.55,€0.00,€95.55,Net metal interest for 5 ...
docs.google.com

So for me, it's profitable after 5 months when purchasing the metal plan for the year with €65k sitting in it.

FYI the metal plan is the only one with increased interest rates at 4% - all others including the free one is 2.8%
 
Plus nice bonus of free travel insurance and mobile insurance in your first 2 years of owning the phone. Anyone any insight on the other unlisted special offers?
 
messyleo said:
Plus nice bonus of free travel insurance and mobile insurance in your first 2 years of owning the phone. Anyone any insight on the other unlisted special offers?
Click to expand...
Nothing else worth writing home about IMO. Can't screenshot their app or website when logged in but its perks like 4% off booking.com, 74% off Nord VPN and other pretty useless 'perks' tbh.
 
You must log in or register to reply here.
Menu
Log in
Register