The 3-month Euribor sits around 2.1% in May 2026, after successive ECB rate cuts from the 2023 peaks. This has pushed down most variable savings account rates, though worthwhile options still exist — especially from digital banks and European savings platforms.
What's changed since April
- N26 cut rates sharply: Standard tier drops from 2.26% to 0.50% AER. Metal tier from 2.76% to 1.30%.
- Nexo restructured rates: USDC/USDT up to 8%, BTC up to 4%, ETH up to 5%. EURC down to 4%.
- Raisin updated several rates upward: Younited Credit 2y up to 2.67%, Mano Bank 1y to 2.60%.
Best no-condition savings accounts
XTB (3.50% promotional, 90 days) — highest rate with no account conditions. Drops to ~1.55% after 90 days. CNMV-regulated broker.
Freedom24 Smart Cash EUR (~2.93%) — linked to 3-month Euribor. Monthly liquidity. CySEC-regulated, ICF coverage up to €20,000.
Scalable Capital (2.50%) — ECB deposit rate linked. Instant liquidity. German EdB guarantee up to €100,000.
MyInvestor Premium (2.10%) — no conditions, instant liquidity, access to index funds. Spanish FGD up to €100,000.
Trade Republic (2.02%) — daily interest on uninvested cash. German EdB up to €100,000.
Best Raisin deposits — May 2026
Younited Credit 2y: 2.67% | Mano Bank 1y: 2.60% | SME Bank 1y: 2.59% | Nordax 2y: 2.57% | Klarna 2y: 2.56% | Banca Progetto 6m: 2.45%
All rates verified at Raisin.es on 8 April 2026. Deposits covered by the guarantee fund of each bank's country of origin (up to €100,000 per holder within the EU).