Show Savings interest rates in the Netherlands have been derisory. The main 3 big Dutch banks offer near zero rates although interest rates have recently started to
rise. When you account for surging inflation (now running at about 15%) and wealth tax (about 1%) the reality is that you face negative real returns on your money. Below we give an overview of the best standard savings account rates. If your savings are parked in one of the big 3 banks (ABN Amro, ING and Rabobank) then at least consider securing a better rate elsewhere. The top rate for standard savings (0.65%) and 1 year fixed rate (2%) are both available from BigBank here Standard Savings Accounts Rates Netherlands
These are variable interest rates and can change at any time. Negative interest rates have been applied to savings accounts of ABN-Amro, ING and Rabobank in the last couple of years. However these have been ‘raised’ to 0% from October 2022. You will note the presence of some foreign banks in the above listing. The Turkish banks Anadolubank, DHB Bank (Demir-Halk Bank), Garanti Bank and Yapi-Kredi are all registered in the Netherlands and are covered by the Dutch deposit guarantee. Argenta is an independent bank from Belgium. Lloyds Bank is from the UK but its Dutch business is now registered in Germany. Openbank is part of the Santander Group in Spain. BigBank is an Estonian financial institution involved in consumer credit with an online presence in the Netherlands. For slightly higher rates you may choose to tie your money up for a fixed amount of time. Here is an overview of 1 year accounts: Fixed Rate Accounts in the Netherlands – 1 Year term
Some term accounts require a minimum investment. Higher rates are available for longer fixed terms. We have only focussed on banks operating in the Netherlands or those with a specific Dutch online presence. It is possible to find higher term account rates in other Eurozone countries such as Estonia and Latvia through intermediaries. In July and September 2022 the European Central Bank (ECB) raised its benchmark rates by a total of 125 basis points. The base rate has moved from 0% to 1.25%. The deposit rate has moved from a negative -0.5% to 0.75%. With the ongoing economic fallout following the ‘coronavirus’ measures, a world awash with debt and the push for central bank digital currencies we could see more volatility and chaos in the financial sector. Savings Accounts Dutch Glossarysparen – savings This page is for information purposes only, we are not offering any financial advice. We try to present accurate info but as ever products and interest rates can change at any time. Last updated 11 October 2022. |
Highest bank interest rates on saving account
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