An annual percentage rate (APR) of 31% on up to €70,000 can be attractive for those who keep cash in their accounts. Myandbank has announced a new savings campaign valid until December 31, 2026, with different terms for new customers and existing customers.
Key data
- Promotional remuneration: 3% TAE.
- General limit of remunerable balance: 70,000 euros.
- Campaign validity: until December 31, 2026.
- Minimum contribution for current customers: 1,000 euros of new balance.
- Maximum remunerable balance in two stages for certain current customers: 140,000 euros.
What does Myandbank's new savings campaign consist of?
Myandbank, Andbank's digital channel, offers a 31% annual percentage rate (APR) on its current account. The general limit on the balance that qualifies for interest has been increased to €70,000.
The campaign will be available until December 31, 2026, according to information published on August 3, 2026. The offer is aimed at both new customers and existing customers who increase their savings with money from another financial institution.
In summary, Myandbank offers a 31% APR on loans up to €70,000, although the requirements change depending on whether it is a new account or an additional contribution from a current customer.
The APR is an annual reference rate. The final amount received will depend on the outstanding balance and the period during which the promotion applies, as well as the specific terms of the contract.
Conditions for new Myandbank customers
Those who open a euro account from August 2026 onwards will automatically have access to the 3% AER for the first year. Interest is paid from the first euro, up to a maximum of €70,000 in eligible balances.
The offer is aimed at those who are not yet Myandbank customers and open a euro account during the indicated period.
Before completing the registration, check the application and the contract documentation for the exact start date, the eligible balance, and the conditions applicable to the promotion.
What happens after the first year?
The 31% APR for new customers applies during the first year. After that, the customer can continue to enjoy the maximum account interest rate if they meet any of the requirements established by the bank.
Examples provided include direct deposit of salary or monthly contributions to automated investment portfolios. The available information does not specify minimum amounts, exact frequency, or any requirements associated with each option.
The practical difference is clear: the first year serves as an introductory offer for new accounts, while subsequent periods depend on the requirements set by Myandbank. Consult the current documentation before organizing your income around this account.
Advantages for current customers who contribute a new balance
Existing customers can also take advantage of the campaign. To do so, they must register for the promotion through the Myandbank app and contribute at least €1,000 of new funds from another financial institution.
The 3% APR will be applied to that new balance until December 31, 2026. The condition is to increase the savings held in Myandbank with funds from another entity.
The available information does not specify which transactions are excluded from being considered as new balance. Therefore, please review the campaign terms and conditions before making your contribution.
It is also advisable to check in the application that the registration and the new balance have been correctly recorded.
Can you get paid up to 140,000 euros?
In certain cases, existing customers who deposit new funds can combine the standard €70,000 limit with an additional promotional, interest-bearing tier. The sum of both tiers allows for a maximum interest-bearing balance of €140,000.
The maximum amount is subject to the campaign structure and its terms and conditions. It does not mean that all customers will automatically have a single promotional balance of €140,000.
Performance will depend on when the funds are deposited, how long they remain in the account, and whether the amount meets the conditions of the relevant tier.
How much can you earn with a 3% TAE?
The amount you can earn depends on your balance, the duration of the interest rate, and the terms of the promotion. The 3% APR does not guarantee that any deposit will automatically generate this interest rate for a full year.
To find out the exact amount, you have to take into account the balance that remains in the account and the effective period of application of the campaign.
The published information does not detail the net amount each client would receive. That result may also depend on the tax applicable to each account holder.
Before signing up, compare the offer with other savings accounts and deposits, taking into account their terms, availability and tax implications.
How to sign up for or activate the promotion step by step
For new customers
- Open a euro account starting in August 2026.
- Review the promotion terms and conditions and the contract documentation.
- Check that the account is included in the 3% APR offer.
For current customers
- Access the application and locate the campaign.
- Sign up for the promotion.
- Contribute at least 1,000 euros from another financial institution.
- Check that the amount is classified as a new and interest-bearing balance.
In both cases, check the start date, applicable limit, duration, and any subsequent terms and conditions. If the balance is not displayed correctly, contact customer support.
Aspects that residents and future residents of Andorra should consider
A current account with interest in Andorra can be an option for maintaining liquidity, but its suitability will depend on the needs and circumstances of each account holder.
Residents and prospective residents should review the account terms and conditions to check how income and transfers from other entities are handled.
Taxation requires a specific review. The treatment of interest may vary depending on the tax residence of the account holder and the applicable regulations.
Before depositing large amounts, consult the official documentation to find out who is responsible, the applicable deposit protection, and the rules governing the account.
The available information describes a current account interest-bearing campaign. It does not, on its own, allow for an assessment of whether it aligns with all savings or investment goals.
Is it a good option for saving in 2026?
The proposal offers a 31% APR return, digital operation, a general limit of 70,000 euros and the possibility of adding an additional tranche for certain current clients.
The campaign ends on December 31, 2026. In addition, current customers must register and contribute at least 1,000 euros from another entity, while conditions after the first year may vary for new sign-ups.
The decision will depend on the conditions applicable to each client and the balance they wish to maintain in the account. Review the official documentation before opening an account or making a deposit.
Conclusion: Key points of the Myandbank 3% APR campaign
- The campaign offers a 3% APR on the current account.
- The general limit for the remunerable balance is 70,000 euros.
- The promotion is valid until December 31, 2026.
- New customers get the 3% for the first year, from the first euro up to 70,000 euros.
- Current customers must register on the application and contribute at least 1,000 euros from another entity.
- Certain current customers can reach 140,000 euros in remuneration through the sum of two tranches.
This offer can be useful for maintaining interest-bearing liquidity, provided the funds meet the eligibility balance definition and the promotional terms and conditions are met. Before signing up, review Myandbank's official documentation and the applicable tax regulations for your situation.
Frequent questions
What interest rate does Myandbank offer in its new campaign?
Myandbank offers a 31% APR return on current accounts, with a general limit of 70,000 euros and a promotional validity until December 31, 2026.
Who can benefit from Myandbank's 3% APR?
New customers who open a euro account and current customers who register for the promotion and contribute at least 1,000 euros from another entity can benefit.
For how long does the 3% apply to new customers?
For new customers, the 3% APR is automatically applied for the first year, from the first euro up to 70,000 euros.
What is considered new balance in the promotion?
This is money that arrives at Myandbank from other financial institutions. Official terms and conditions should confirm which transactions are excluded.
Can you earn interest on 140,000 euros with Myandbank?
In certain cases, current customers can combine the general limit of 70,000 euros with an additional promotional tranche of up to 70,000 euros.
Sources
Official information from Myandbank, Andbank's digital channel.
