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Savings Accounts Rates in the Netherlands

Savings interest rates in the Netherlands have increased over the last couple of years after being very low.

When you account for surging inflation (which has been running between 5% and 15%) and wealth tax (about 1%) the reality is that you likely face negative real returns on your money.

Below we give an overview of the best standard savings account rates in the Netherlands. 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.

raisin logoThe highest savings account rates currently available in the Netherlands are from Raisin NL. This is an international portal (based in Germany) which offers free access to high-rate savings and fixed term accounts across the EU. It has 800,000 customers and all savings accounts are covered by the EU deposit guarantee. Open a high interest Raisin account here

New Raisin clients can use the code BEGIN100 until 15 Jun 2024 and potentially receive a bonus of €25-€100 – the amount depends on your lowest balance in the next 6 months. Opening balances must be more than €5,000 to receive a bonus. See full terms at Raisin.

Best Savings Accounts Rates Netherlands 2024

Bank Account
Interest Rate
Distingo Bank via Raisin3.31% Apply
Bigbank Flexibel Sparen
3.30%
Nordax Bank / HoistSparen via Raisin
3.29% Apply
Collector Bank via Raisin3.28% Apply
Openbank Open Spaarrekening *
2.65%
Apply
Yapi-Kredi Euro-Plus Savings
2.60%
Lloyds Bank Internet Spaarrekening2.50%
bunq Easy Savings
2.46% Apply
Anadolubank Alfa Slimmer Sparen
2.30%
DHB Bank S@veOnlinerekening
2.30%
LeasePlan Bank Flexibel Sparen2.20%
Argenta Internet Spaarrekening2.15%
NIBC Direct Spaarrekening2.00%
KNAB Flexibel Sparenup to 2.00%
Nationale Nederlanden Internetsparenup to 2.00%
Garanti Bank Gouden Internet Rekening +1.75%
Rabobank Rabo SpaarRekeningup to 1.70%
SNS Bank Internet Sparenup to 1.70%
Triodos Bank Internet Sparenup to 1.70%
ASN Bank Ideaalsparenup to 1.65%
ABN AMRO Direct Sparen1.50% Apply
ING Bank Oranje Spaarrekeningup to 1.50%

These are variable interest rates and can change at any time.

* Openbank has a standard rate of 2.65%. A 2.75% rate is offered for those who make at least €600 in monthly payments into the Openbank current account or have at least 3 direct debits paid out every 2 months. There is a 6 month 3.65% bonus rate available for new ‘Welkom Open Spaarrekening‘ customers with balances over €20,000.

+ Garanti Bank has a new clients bonus rate of 3.60% – until 31 May 2024.

One of the top rates for standard savings [2.46%] is available from Dutch mobile bank bunqopen a bunq savings account (for free) online here – no Dutch BSN tax number is required. The rate applies to savings up to €100,000. Unlike most Dutch banks, its portal is available in English and 6 other European languages.

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:

Best 1 Year Fixed Rate Accounts in the Netherlands 2024

Bank Account 1yr
Interest Rate
 PayRay / Privatbanka via Raisin3.70% Apply
Fjord Bank via Raisin3.65% Apply
A&G Banco / Banco Progetto via Raisin3.60% Apply
Yapi Kredi Euro-Plus Deposit3.60%
Bigbank Deposito3.50%
Openbank Spaardeposito3.40%Apply
Anadolubank Termijn Deposito3.25%
Garanti Bank Gouden Termijn Deposito3.25%
DHB Bank MaxiSpaarrekening3.10%
Argenta Termijndeposito3.00%
NIBC Direct Termijndeposito2.80%
LeasePlan Bank Deposito sparen2.75%
Nationale Nederlanden Depositosparen2.50%
KNAB Deposito sparen2.50%
Triodos Bank Spaar Deposito2.45%

Some term accounts require a minimum investment. Higher rates are available for longer fixed terms.

Netherlands Interest Rates

Interest rates in the Netherlands are set by the European Central Bank (ECB) as the country is part of the euro currency.

The ECB raised its benchmark rates 4 times in 2022 and 6 times in 2023. It stands at 4.50% (base rate) and 4.00% (deposit rate).

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 present accurate info but as ever products and interest rates can change at any time.

Last updated 2 May 2024.

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