Savings interest rates in the Netherlands have been derisory in recent years although they are now rising sharply.
When you account for surging inflation (which has been running between 5% and 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 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.
One of the top rates for standard savings [2.46%] is available from Dutch mobile bank bunq – open a bunq savings account (for free) online here – no Dutch BSN tax number required. The rate applies to savings up to €100,000. Its portal is available in English and 6 other European languages.
Best Savings Accounts Rates Netherlands
| Bank Account | Interest Rate | |
| Yapi-Kredi Euro-Plus Savings | 2.75% | |
| Bigbank Flexibel Sparen | 2.70% | |
| Openbank Open Spaarrekening * | 2.65% | |
| Lloyds Bank Internet Spaarrekening | 2.50% | |
| bunq Easy Savings | 2.46% | Apply |
| Anadolubank Alfa Slimmer Sparen | 2.10% | |
| DHB Bank S@veOnlinerekening | 2.05% | |
| Argenta Internet Spaarrekening | 1.85% | |
| LeasePlan Bank Flexibel Sparen | 1.85% | |
| NIBC Direct Spaarrekening | 1.75% | |
| KNAB Flexibel Sparen | up to 1.75% | |
| Rabobank Rabo SpaarRekening | up to 1.70% | |
| Nationale Nederlanden Internetsparen | 1.60% | |
| Garanti Bank Gouden Internet Rekening + | 1.50% | |
| ABN AMRO Direct Sparen | 1.25% | Apply |
| ING Bank Oranje Spaarrekening | up to 1.25% | |
| Triodos Bank Internet Sparen | up to 1.25% | |
| SNS Bank Internet Sparen | up to 1.25% | |
| ASN Bank Ideaalsparen | up to 1.20% |
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 3.00% bonus rate available for new ‘Welkom Open Spaarrekening’ customers.
+ Garanti Bank has a bonus rate of 2.50% until 31 Dec 2023.
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 Fixed Rate Accounts in the Netherlands – 1 Year term
| Bank Account 1yr | Interest Rate | |
| Yapi Kredi Euro-Plus Deposit | 3.60% | |
| Garanti Bank Gouden Termijn Deposito | 3.45% | |
| Anadolubank Termijn Deposito | 3.20% | |
| Bigbank Deposito | 3.20% | Apply |
| DHB Bank MaxiSpaarrekening | 3.00% | |
| Argenta Termijndeposito | 2.60% | |
| Nationale Nederlanden Depositosparen | 2.55% | |
| NIBC Direct Termijndeposito | 2.55% | |
| KNAB Deposito sparen | 2.50% | |
| LeasePlan Bank Deposito sparen | 2.50% | |
| Triodos Bank Spaar Deposito | 2.35% |
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.
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).
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 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 19 September 2023.
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