Savings Accounts Rates in the Netherlands
Savings interest rates in the Netherlands are derisory. The main 3 big banks offer near zero rates to savers and rates continue to slowly decrease. ABN Amro recently announced it would lower savings interest rates to zero from April 2020.
When you account for inflation (about 2.7%) 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. Unfortunately the top rates are only 0.20% at the moment. 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.
Standard Savings Accounts Rates Netherlands
| Bank | Account | Interest Rate | Deposit Guarantee | |
| Lloyds Bank | Internet Spaarrekening | 0.20% | DE | |
| LeasePlan Bank | Flexibel Sparen | 0.15% | NL | |
| NIBC Direct |
Internetspaarrekening | 0.15% | NL | |
| KNAB | Flexibel Sparen | 0.11% | NL | Info |
| Argenta | Internet Spaarrekening | 0.10% | BE | |
| DHB Bank (Demir-Halk Bank) | DHB VoorSpoedrekening | 0.10% | NL | |
| Nationale Nederlanden | Internetsparen | 0.10% | NL | |
| Yapi-Kredi | Euro-Plus Savings Account | 0.10% | NL | |
| Anadolubank | Alfa Smart Savings | 0.08% | NL | |
| Garanti Bank | Gouden Internet Rekening | 0.05% | NL | |
| SNS Bank | Internet Sparen | 0.04% | NL | |
| ASN Bank | Ideaalsparen | 0.03% | NL | |
| ING Bank | Oranje Spaarrekening | 0.02% | NL | |
| ABN AMRO | Direct Sparen | 0.01%* | NL | |
| Rabobank | Rabo InternetSparen | 0.01% | NL | |
| Triodos Bank | Internet Sparen | 0.00% | NL | |
| Van Lanschot Bank | Spaarrekeningen | 0.00% | NL |
These are variable interest rates and can change at any time.
*ABN Amro rate will be 0.00% from 1 April 2020 and -0.50% for balances over €2,500,000.
You will note the presence of some foreign banks in the above listing. The Turkish banks Anadolubank, DHB 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.
Some banks will offer a slightly higher bonus rate for quarterly savings accounts. The bonus is given as long as the balance is held for the full quarter. The Kwartaalspaarrekening from NIBC Direct pays 0.20% (0.15% basis plus 0.05% bonus). KNAB’s Kwartaal sparen pays 0.14% (0.05% + 0.09% bonus).
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
| Bank | Account 1 Yr |
Interest Rate | Deposit Guarantee | |
| BigBank | Deposito | 0.69% | Estonia | |
| NIBC Direct |
Termijndeposito | 0.40% | NL | |
| Argenta | Termijndeposito | 0.35% | BE | |
| Yapi Kredi | Euro-Plus Deposit | 0.30% | NL | |
| KNAB | Deposito sparen | 0.20% | NL | Info |
| Anadolubank | Alfa Time Deposits | 0.15% | NL | |
| Garanti Bank | Gouden Termijn Deposito | 0.15% | NL | |
| ASN Bank | Depositosparen | 0.10% | NL | |
| SNS Bank | Keuzedeposito | 0.03% | NL | |
| Rabobank | Rabo DoelSparen | 0.01% | NL |
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 here. It is possible to find higher term account rates in other Eurozone countries such as Estonia and Latvia through intermediaries. BigBank mentioned in the table is an Estonian financial institution involved in consumer credit with an online presence in the Netherlands.
With the European Central Bank (ECB) base rate at 0% (and a negative deposit rate at -0.5%), it seems savings accounts rates will remain low for the foreseeable future. It is possible that more savers will be faced with negative interest rates in the coming future.
At this point it makes sense to at least shop around and secure a slightly higher rate for your money than the big banks can offer.
Savings Accounts Dutch Glossary
sparen – savings
spaarrekening – savings account
rente – interest rate
deposito – fixed term deposit
This page is for information purposes only, we are not offering any financial advice. We try to give accurate info but as ever products and interest rates can change at any time.
