Compare the current euro rates below, then check the product type, access terms and protection. Higher advertised returns often come with more investment risk or weaker protection than a traditional bank account.
* Monefit: expected return, not a bank deposit. €5 + 0.25% bonus on net investments for 90 days for a new account.
Revolut: 2.75% on Ultra up to €100,000. Other plans pay less.
Trade Republic: Germany 2.5% standard. Belgium 3% gross for new customers and 2.5% standard, both up to €50,000. Spain 3.04% TAE for new customers up to €50,000.
Trading 212: 2.30% on our Trading 212 UK Ltd account, checked in the app on 8 Oct 2026. Rates vary by entity. New Trading 212 EU GmbH clients can earn the ECB deposit facility rate plus 1.70 percentage points for four months (currently 4.20%, from the 2.50% deposit facility rate) if they open an Invest account from 16 Sep to 2 Nov 2026 and meet the promo terms.
Mintos: fund yield. Bonus up to €350 on loans, bonds, ETFs, stocks, real estate or crypto ETPs by 31 October 2026. Hold 90 days after that date. Smart Cash does not count.
Lightyear: net fund yield. The rate shown in your app can differ slightly by country.
Wise: 2.20% after the 0.29% annual fee.
Interactive Brokers: 0% on the first €10,000, then 1.97% (benchmark minus 0.5%).
bunq: 1.51% base rate, or 1.61% on the first €10,000 below your threshold. New savers earn the 3.11% bonus rate on everything until their first threshold calculation.
Rates are variable and can change. Capital at risk on investment products.
Monefit vs Go & Grow vs a bank savings account
Bank rates are the table rows for bunq (1.51% base) and Revolut Ultra (2.75%). Monefit and Go & Grow are not bank deposits.
Why high-yield savings matter more than ever
Leaving money in a traditional euro area overnight deposit earning 0.29% while inflation runs at 2 to 4% guarantees a loss of purchasing power. If inflation is 3% and your savings earn 0.5%, you lose 2.5% of real value every year. Over a meaningful emergency fund, that compounds into a sizeable gap.
A higher rate will not make you rich, but it stops idle cash from quietly shrinking. Use our free compound interest calculator to see the difference over five and ten years. For money you will not touch for years, an ETF portfolio usually does more, but for your emergency fund the priority is access and safety first, then yield.
Our top picks, broken down
Tap any provider to open the full case, what we like, what to watch, and who it suits.
Monefit SmartSaver pays an expected 7.50% APY on a flexible Main Account. Your money funds claims arising from consumer loans issued by Creditstar Group companies. You are taking a position in consumer credit, not opening a savings account. Read our full Monefit SmartSaver review for the account evidence, withdrawal terms and Creditstar analysis.
- High expected return with daily crediting
- Simple interface with balance and earned returns easy to follow
- Free bank transfers
- Instant withdrawal route up to €1,000 per calendar month
- No EU deposit guarantee or investor compensation scheme
- Expected returns are not guaranteed
- Underlying claims come from one lending group
- Larger withdrawals normally take up to 10 Estonian business days plus bank time
The 6.00% target return comes from an Estonian peer-to-peer platform. Your money funds a diversified pool of consumer loans, which is why the return is higher, and why this is not a bank deposit.
- Market-leading 6.00% target return on euro balances
- €5 welcome bonus, start from just €1
- Regulated under Estonian supervision
- Clean app, same-day access in normal conditions
- Not covered by a deposit-guarantee scheme
- Higher risk profile than a bank deposit
- €1 withdrawal fee per withdrawal
- The return is a target, not guaranteed
Trading 212 showed 2.30% on EUR on our Trading 212 UK Ltd account, checked in the app on 8 October 2026. Rates vary by entity. New Trading 212 EU GmbH clients can earn the ECB deposit facility rate plus 1.70 percentage points for four months, currently 4.20%, if they open an Invest account from 16 September to 2 November 2026 and meet the promo terms. It suits anyone who already invests and wants idle cash working between trades.
- Free fractional shares worth up to €100 to start
- Instant access, no monthly fee, no minimum balance
- Regulated in the UK, Cyprus and Germany
- Cash sits beside a full investing account
- Top rate depends on which Trading 212 entity serves you
- Built for investors, not pure savers
- Client funds are safeguarded, not deposit-insured
Lightyear's Savings vault holds a euro money market fund yielding 2.46% APY, variable daily as of 22 October 2026. The rate shown in your app can differ slightly by country. It is an investment product, not bank interest: your capital is at risk and there is no deposit guarantee.
- Up to €100 fractional-share bonus for new accounts
- Clean, intuitive interface
- Competitive yield with no activity requirement
- Built for the European market
- A fund yield, not guaranteed interest, and capital is at risk
- Investment-focused, light on banking features
- Shorter track record than incumbents
Risk and deposit protection
The biggest difference between these accounts is not the rate, it is what happens if the provider fails.
Higher rates usually mean higher risk. For larger balances, the sensible move is to spread money across several providers, staying inside protection limits while still capturing the better yields where it counts.
Decision guideHow to choose the right account
Opening an account, step by step
Maximising your returns
Remember that interest is normally taxed in your country of residence. Some platforms withhold automatically, others leave you to self-report at filing time, so weigh the net return rather than the headline.
How we testedOur methodology
We evaluate current rates (updated monthly), platform safety and regulation, the opening experience, fee transparency, accessibility for EU residents, and any extra features. We test the platforms ourselves and track rate changes so the table stays current rather than frozen at launch.
VerdictBottom line
Earning 1.51% to 7.50% instead of 0.29% on a euro area overnight deposit adds up quickly. Monefit leads on expected APY, but it pays 7.50% because you carry the credit and liquidity risk that a guarantee would otherwise absorb. If you want full protection, a regulated bank account in the 1.51% to 2.75% range is the calmer home for an emergency fund. Start small, confirm the rate applies to you, then scale your deposit.
FAQFrequently asked questions
Safety varies by type. Bank options like Revolut and N26 carry standard EU deposit protection up to €100,000. Alternative platforms such as Go & Grow operate under different frameworks with their own investor protections. Understand each provider's cover and diversify across providers for larger amounts.
Most offer instant or same-day access. Monefit provides an instant route for up to €1,000 per calendar month, while larger withdrawals normally take up to 10 Estonian business days plus bank time. Trading 212 and Lightyear give immediate access to cash, while Go & Grow may take a short processing period for withdrawals in unusual conditions.
They vary. Monefit starts from €10, Trading 212 has no minimum balance, and Go & Grow lets you start from €1. Always check before opening.
Rates can move monthly or quarterly with market conditions and platform policy. We update this comparison monthly, and variable-rate platforms usually notify users in advance.
Not necessarily. Trading 212 pays interest on uninvested cash regardless of trading activity, Lightyear's yield comes from an optional savings vault, and pure savings platforms require no investment activity at all.
Interest is typically taxed in your EU country of residence. Some platforms withhold automatically, others require self-reporting at filing. Consult local rules or a tax professional.
They vary by platform and usually need a specific referral link plus a minimum deposit or activity. Monefit offers eligible new customers a €5 + 0.25% bonus on net investments for 90 days for a new account through our link. Terms apply. Go & Grow offers a €5 cash bonus, and Trading 212 and Lightyear also run sign-up offers. Mintos pays up to €350 on loans, bonds, ETFs, stocks, real estate or crypto ETPs invested by 31 October 2026. Smart Cash does not count, and the money has to stay invested for 90 days after that date. Check each platform for the current terms.
Trading 212: If you enable interest, Trading 212 will hold your cash in qualifying money market funds and banks. Otherwise, your cash will be held only in banks. Interest applies on cash in an investment account. Terms apply.
Monefit: Expected return, not guaranteed. Capital at risk. Not a bank deposit, and no EU deposit guarantee applies. Sponsored link.
Lightyear: Capital at risk. Provider of the investment services is Lightyear Europe AS for the EU. Terms apply: lightyear.com/terms. Seek qualified advice if necessary. This is not investment advice.
