Best High-Yield Euro Savings Accounts in Europe (Brokers & Digital Banks)

In Europe's current higher interest rate environment, keeping your Euros in traditional bank accounts earning minimal returns is leaving money on the table. Digital banks and fintech brokers now offer compelling high-yield savings options that can significantly boost your cash returns while maintaining accessibility and safety.

This comprehensive guide explores the top Euro savings accounts across Europe, comparing interest rates, safety features, and helping you choose between traditional savings accounts and money market funds.

Quick Comparison: Top Euro Savings Accounts 2025

Note: Interest rates are current as of early 2025 and frequently change in line with ECB rates and market conditions. Always verify current rates and terms before opening accounts.

Top Picks for Different Needs

Highest Interest Rate: Trading 212 (2.20%)

Trading 212 currently offers the highest flexible Euro yield among major fintechs. The platform provides daily interest crediting with no minimum or maximum limits, making it attractive for both small and large cash positions. However, note that it lacks traditional deposit guarantee scheme protection in most countries.

Updated Rates: Revolut (2.25%)

Starting from April 24, 2025, Revolut offers 2.25% annual interest on their Instant Savings feature, making it one of the most competitive options. The rate applies across plans with daily interest payouts and full Lithuanian deposit guarantee protection up to €100,000.

Best Overall Balance: Trade Republic (2.00%)

Trade Republic strikes an excellent balance between competitive rates, robust German deposit protection, and zero fees. It's ideal for users who want high yields on idle cash while accessing a full-featured investment platform. Interest accrues daily and is paid monthly.

Best for Large Balances: Scalable Capital

With its PRIME+ subscription (€4.99/month), Scalable Capital allows interest earning on up to €500,000, making it perfect for high-net-worth individuals. The platform uses a sophisticated approach, distributing funds across multiple partner banks to maximize deposit protection.

Tiered Rates: bunq Easy Savings

bunq offers a sophisticated tiered system: you earn 1.51% annually on savings up to your threshold, with a bonus rate of 2.01% on amounts above the threshold. This structure can be particularly attractive for larger savers, with weekly compounding and full Dutch deposit guarantee protection.

Plan-Based Rates: N26

N26's rates vary significantly by plan level: Metal subscribers earn 1.50% annually (effective from June 11, 2025), N26 Go offers 0.55%, while Smart and Standard plans receive 0.25%. All plans benefit from German deposit guarantee protection up to €100,000.

Flexible Savings: Klarna

Klarna's "Compte épargne flex" offers 1.80% annually, with potential rates up to 2.70% depending on market conditions. Protected under Sweden's deposit guarantee scheme, Klarna provides a straightforward savings solution with easy mobile access and transparent terms.

Savings Accounts vs Money Market Funds: Key Differences

One of the most important decisions when parking cash is choosing between traditional savings accounts and money market funds (MMFs). Here's how they compare:

Safety & Guarantees

Savings Accounts: Protected by national deposit guarantee schemes (typically €100,000 per bank, per person). If a bank fails, you're guaranteed to recover your funds up to this limit.

Money Market Funds: No deposit guarantee, but invest in high-quality, short-term instruments like government treasury bills. While historically very safe, there's no insurance payout if something goes wrong.

Returns & Risk

Savings Accounts: Offer predictable, guaranteed returns. Your balance never fluctuates, and interest is clearly stated.

Money Market Funds: Historically yield 0.1-0.3% more than savings accounts by investing in slightly higher-yielding instruments. However, NAV can fluctuate slightly, and there's minimal risk of capital loss.

Liquidity & Access

Savings Accounts: Usually offer instant or next-day access to funds via direct bank transfer.

Money Market Funds: Highly liquid but require selling fund shares through a broker. Settlement typically takes 1-2 days, though you can often use proceeds immediately for other investments.

Amount Flexibility

Savings Accounts: Limited by deposit guarantee amounts. Funds above €100,000 per bank lose guarantee protection.

Money Market Funds: No caps, making them suitable for very large cash positions. However, all funds lack deposit insurance regardless of amount.

Complexity & Convenience

Savings Accounts: Simple deposit-and-earn model. No investment knowledge required.

Money Market Funds: Require brokerage account and understanding of fund selection. Some fintechs like Trade Republic blur this line by automatically investing your cash in MMFs while presenting a savings account-like interface.

Which Should You Choose?

Choose Savings Accounts If:

• You prioritize absolute safety and peace of mind
• You have under €100,000 to invest
• You want simplicity without dealing with brokerages
• You're building an emergency fund
• You can't accept any risk of losing principal

Choose Money Market Funds If:

• You have large sums exceeding deposit insurance limits
• You're comfortable with minimal risk for potentially higher returns
• You want integration with your investment portfolio
• You need maximum flexibility for large amounts
• You're experienced with investment platforms

The Hybrid Approach

Many sophisticated savers use both: keeping emergency funds and amounts up to €100,000 in guaranteed savings accounts, while placing operational cash and larger sums in money market funds for enhanced yield.

Safety Considerations

When evaluating Euro savings options, consider these protection mechanisms:

Deposit Guarantee Schemes: Look for platforms offering coverage under national schemes (German, Dutch, Lithuanian, etc.). These provide €100,000 protection per bank, per person.

Client Money Segregation: Investment platforms typically segregate client funds from company assets, offering additional protection even without deposit guarantees.

Diversification: For large amounts, consider spreading funds across multiple banks to stay within guarantee limits.

Getting Started

1. Assess your needs: Determine how much you want to save and your risk tolerance
2. Compare current rates: Interest rates change frequently, so verify current offers
3. Check country availability: Ensure your chosen platform serves your location
4. Understand the protection: Know exactly how your money is safeguarded
5. Start small: Test platforms with smaller amounts before committing large sums

Final Thoughts

Europe's fintech revolution has finally given savers compelling alternatives to traditional bank accounts. With rates of 2.00% or higher now readily available, your cash can work significantly harder while maintaining high liquidity and safety.

Whether you choose a traditional savings account with deposit guarantees or venture into money market funds for potentially higher yields, the key is matching your choice to your risk tolerance and cash needs. In today's environment, earning substantial interest on your Euros is no longer limited to wealthy investors—it's accessible to anyone willing to look beyond traditional banks.

Remember to regularly review your options, as rates typically follow ECB policy changes and the competitive landscape continues to evolve rapidly. What offers the best combination of yield, safety, and convenience today may change as central bank rates and market conditions shift.