European interest rates remain elevated, and PSD2 banking licences allow fintech apps to pass yield back to users. Here’s how to maximize savings while keeping money protected under the EU’s €100,000 Deposit Guarantee Scheme (DGS). For a complete list of EU-ready budgeting and investing apps, visit the Financial Tools for Europe hub.
Top EU High-Yield Accounts (November 2026 Rates)
| Provider | Rate (Variable) | Guarantee | Availability | Notes |
|---|---|---|---|---|
| Trade Republic Savings | 4.00% APY | German DGS up to €100k | Eurozone + Nordics | No minimum; paid monthly on uninvested cash. |
| Scalable Capital Cash | 3.80% APY (Prime+) | German DGS | Germany, Austria, France, Spain, Italy | Prime+ subscription €4.99/month includes unlimited trades. |
| Raisin / WeltSparen | Up to 4.50% APY (fixed) | DGS from partner bank country | EU/EEA + UK | Marketplace of term deposits (3–60 months) across Europe. |
| Monese Savings | Up to 4.20% APY (Flex) | UK FSCS / EU DGS through partner banks | UK + EU | Flexible access; interest calculated daily. |
| Wise Assets (Belgium) | 3.20% APY (gross) | UCITS money market fund | Belgium, Denmark, Spain, etc. | Capital at risk but diversified in short-term government debt. |
How to Choose the Right Account
- Check deposit protection: Ensure the institution participates in a DGS (e.g., Germany’s Entschädigungseinrichtung).
- Decide between flexible vs fixed: Flexible accounts (Trade Republic) allow withdrawals anytime; term deposits lock funds for higher rates.
- Watch subscription fees: Some apps require premium plans; factor that into effective APY.
- Consider currency exposure: If you earn in GBP/CHF, check FX fees or use multi-currency accounts.
Step-by-Step: Open a Trade Republic Savings Plan
- Download the Trade Republic app (iOS/Android) and verify identity with a passport/ID.
- Transfer euros via SEPA instant from your bank.
- Leave cash uninvested or enable “Savings” feature—interest accrues automatically every day.
- Withdraw anytime back to your bank account; funds stay insured up to €100,000.
FAQ: EU Savings
Are high-yield fintech accounts safe?
Yes, when they partner with licensed banks under the EU Deposit Guarantee Scheme. Always confirm the underlying bank and country.
Do I pay tax on the interest?
Interest is taxable in your country of residence. Platforms usually provide annual statements; declare them in your tax return.
Can non-EU residents use these accounts?
Most providers require EU/EEA residency. Wise and Raisin support some non-EU countries but require local bank accounts for payouts.