Neobanks are banks that work only through a mobile app. Revolut, Trade Republic, N26 and bunq have many users in Slovenia because they pay much higher interest on savings than Slovenian savings accounts. The best Slovenian savings account currently pays 0.52%, while Trade Republic and bunq pay up to 3%.
The number in the advert is not always what you get, though. Some require a paid plan, some pay the higher rate only to new customers, and one product is not a deposit at all but a fund. This article compares all four and shows how much you actually keep.
We checked the figures on the providers’ official pages on 6 October 2026. Neobank rates are variable, so check them in the app before you decide.
Neobank interest on savings
| Provider | Rate (annual) | Conditions | Plan | Deposit guarantee |
|---|---|---|---|---|
| Trade Republic | 3% for new customers, otherwise 2.5% | up to €50,000 | no subscription | Germany, €100,000 |
| bunq | 3.01% above your threshold, 1.51% up to it | interest up to €100,000, 3 instant withdrawals a month | free plan included | Netherlands, €100,000 |
| Revolut | 1.18% (Standard, Plus), 1.48% (Premium), 1.77% (Metal), 2.36% (Ultra) | higher rate only on pricier plans | €0 to €60 a month | Lithuania, €100,000 |
| N26 | 0.30% (Standard, Smart), 0.50% (Go), 1.50% (Metal) | higher rate only on Metal | €0 to €16.90 a month | Germany, €100,000 |
The Revolut rates are for the Instant Access Savings account, which is a bank deposit. Revolut’s Flexible Cash Funds is a different product, covered below.
What is left for your own amount once the plan fee is paid is worked out in the neobank comparison, where all four are ranked next to the Slovenian savings accounts.
For comparison: the best Slovenian savings account pays 0.52% (NLB, each deposit must stay in the account for at least 7 days). If you don’t need the money for a year, the best regular 12-month deposit pays 2.50% (BKS Bank). Current figures are in the savings account comparison and the deposit comparison.
What you keep on €10,000
Nina has €10,000 in savings and wants it available at any time. This is roughly what she would earn in one year (approximate gross amounts, before tax, if the rate does not change):
| Where | Interest in one year | Plan cost | You keep |
|---|---|---|---|
| Trade Republic, new customer (3%) | €300 | €0 | €300 |
| bunq, new saver (3.01%) | €301 | €0 | €301 |
| Trade Republic, standard rate (2.5%) | €250 | €0 | €250 |
| bunq after the threshold reset (1.51%) | €151 | €0 | €151 |
| Revolut Standard (1.18%) | €118 | €0 | €118 |
| NLB savings account (0.52%) | €52 | NLB current account | €52 |
| N26 Standard (0.30%) | €30 | €0 | €30 |
| Revolut Metal (1.77%) | €177 | €216 | -€39 |
| N26 Metal (1.50%) | €150 | €203 | -€53 |
Two things stand out. On Revolut’s and N26’s pricier plans the subscription eats more than the interest earns, unless you hold a very large balance or pay for the plan for its other perks anyway. And at bunq your rate can drop a lot after the first threshold reset (more below).
For another amount, see the ranking in the neobank comparison; work out a deposit’s term and interest in the deposit calculator, and what idle money costs you in the lost interest calculator.
What to watch at each neobank
Trade Republic: 3% for new customers only
Trade Republic is a German bank best known for investing. It pays interest on cash in the account linked to the ECB rate, so it moves with it. The 3% applies to new customers up to €50,000; when the offer ends you get the standard rate, currently 2.5%. Interest is calculated daily and paid monthly, and you can withdraw at any time.
bunq: the high rate sits above a threshold
Dutch bunq pays two rates. Up to your personal threshold you get 1.51%, on the amount above it 3.01%. The threshold is the highest balance on your savings account over the last 6 months and is recalculated twice a year, on 1 January and 1 July.
In practice: a new saver has a threshold of €0, so until the first recalculation they get 3.01% on everything. Once the threshold is recalculated, money you already have earns only 1.51%, and 3.01% applies only to new savings. Interest is paid weekly, nothing is paid above €100,000, and you can make 3 instant withdrawals a month from the savings account.
Revolut: savings account or fund?
Revolut has two products that are easy to mix up:
- Instant Access Savings is a savings account at Revolut Bank (Lithuania). It is a bank deposit, guaranteed up to €100,000. The rate depends on your plan: 1.18% on the free Standard plan, 2.36% on Ultra (€60 a month).
- Flexible Cash Funds is an investment in a money market fund (Fidelity). Revolut advertises “up to 2.1%”, but that is the Ultra yield; on Standard it is 1.25%. It is not a deposit: the return is not guaranteed and the deposit guarantee does not apply. Only the Lithuanian investor scheme covers it, up to €22,000, and that does not cover losses from the fund’s value moving.
Revolut’s savings account document also says it withholds Lithuanian tax on interest for non-residents (at the former promotional rate, 2.48% gross was 2.10% net). How to handle it in your return is covered in Revolut and tax.
N26: barely anything without a plan
German N26 has the Instant Savings account, also available in Slovenia. On the free plan the rate is just 0.30%; you get 1.50% only on Metal, which costs €16.90 a month. N26 also offers a money market fund yielding up to 2.56%, which, as with Revolut, is not a guaranteed deposit.
Deposit guarantee: who backs your money
All four neobanks are banks licensed in the EU, so their deposits are guaranteed up to €100,000 per person under the same European rules as Slovenian banks. The difference is that the scheme of the bank’s home country pays out:
- Revolut: the Lithuanian scheme,
- Trade Republic and N26: the German scheme,
- bunq: the Dutch scheme.
The €100,000 limit covers all your deposits at the same bank together. The guarantee does not cover money market funds or other investments. How it works and what it covers is explained in Deposit guarantee up to €100,000.
Tax and FURS
Reporting the account. An account at a bank based abroad must be reported to FURS within 8 days of opening it, in eDavki with the DR-Račun form. This applies to all four neobanks.
Interest on deposits. Interest on deposits at banks in Slovenia and other EU countries is tax-free up to €1,000 a year in total. Count all banks together, Slovenian ones included. If your interest exceeds €1,000, you file the return for interest on deposits by 28 February for the previous year and pay 25% tax. Examples and tips on paying less are in our article on tax on interest.
Money market funds. Returns from Revolut Flexible Cash Funds or the N26 fund are not interest on a deposit, so the €1,000 exemption does not apply. You must report them whatever the amount. The procedure is described in Revolut and tax.
Neobank or Slovenian bank?
A neobank makes sense if you want your savings available at any time and still earn more than on a Slovenian savings account. Choose a provider where the high rate does not require a paid plan, and check whether it is a deposit or a fund.
If you won’t need the money for a year or more, also compare fixed deposits at Slovenian banks. The best regular 12-month deposit currently earns about as much as the neobanks, and its rate is fixed for the whole term. How to choose is covered in The best deposit, and current promotions in Promotional deposits.
Neobank rates can change at any time. Current figures are in the neobank comparison, which we check regularly. Before opening an account, check the current terms in the provider’s app.
When you top up a neobank, use a SEPA transfer rather than a card. At OTP, NLB and Addiko a card top-up costs 1% to 5% of the amount, see Quasi cash.
