Best savings-account neobanks,
ranked.
DGS-protected rates first. Money-market-fund yields second — higher headline number, but no deposit insurance.
The list, in order.
Ranked by rate weighted for deposit protection. A 3.5% DGS-protected product beats a 4.0% MMF product in this list on purpose.
Two different products, one list.
Offered by the credit-institution banks: ALAT by Wema, Banco PAN, Carbon, Discovery Bank, Bank Zero, M-Shwari, Nequi, Maya Bank, stc Bank, Monzo, Wio, Marcus by Goldman Sachs, Ally Bank, Lili, Bank Jago, Zand, Nomo, Discover Bank, Meem, Toss Bank, Starling Bank, ila Bank, Bluevine, Trust Bank, YAP, Relay, Revolut, Found, WeBank, bunq, N26, Trade Republic, Lunar. The rate is paid by the bank, set at its discretion, with up to €100,000 insured under the national DGS.
For most readers, this is the right category to pick from. Headline rate is slightly lower than money-market funds; the legal protection is fundamentally different.
Offered by Mercado Pago, Ualá, Kuda, Opay, C6 Bank, Nubank, Banco Inter, Stori, Klar, TymeBank, Tonik, Up Bank, Varo Money, Mercury, GoTyme, Brex, RappiPay, Cash App, SoFi, Wise, K Bank, Revolut Singapore, Kakao Bank, Mashreq Neo, Liv., Chime, Rakuten Bank. The yield tracks short-term market instruments. MMF assets are segregated but not insured — there is market risk, albeit small for top-rated paper.
Fine as a supplement to a DGS-protected account; not a replacement for one.
Want the raw rates?
The savings-rates tracker lists every rate across the index with no editorial weighting. The DGS tracker covers the protection side in detail.