Savings interest rates in the Netherlands have been derisory in recent years although they are slowly starting to rise again.
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 (1.05%) is available from Dutch mobile bank bunq – open a bunq account online here (no Dutch BSN tax number required). The rate applies to savings up to €100,000.
Standard Savings Accounts Rates Netherlands
| Bank | Account | Interest Rate | Deposit Guarantee | |
| bunq | Easy Savings | 1.05% | NL | Info |
| Big Bank | Flexibel Sparen | 1.00% | Estonia | Info |
| Yapi-Kredi | Euro-Plus Savings | 1.00% | NL | |
| Lloyds Bank | Internet Spaarrekening | 0.75% | Germany | |
| Openbank | Open Spaarrekening | 0.75% | Spain | |
| Anadolubank | Alfa Smart Savings | 0.70% | NL | |
| DHB Bank | S@veOnlinerekening | 0.50% | NL | |
| LeasePlan Bank | Flexibel Sparen | 0.50% | NL | |
| NIBC Direct | Spaarrekening | 0.50% | NL | |
| Argenta | Internet Spaarrekening | 0.45% | Belgium | |
| Nationale Nederlanden | Internetsparen | 0.35% | NL | |
| Garanti Bank | Gouden Internet Rekening | 0.30% | NL | |
| ABN AMRO | Direct Sparen | 0.25% | NL | Info |
| Rabobank | Rabo InternetSparen | 0.25% | NL | |
| SNS Bank | Internet Sparen | up to 0.25% | NL | |
| KNAB | Flexibel Sparen | up to 0.25% | NL | Info |
| ASN Bank | Ideaalsparen | up to 0.20% | NL | |
| Triodos Bank | Internet Sparen | up to 0.20% | NL | |
| ING Bank | Oranje Spaarrekening | 0.00% | NL |
These are variable interest rates and can change at any time. (KNAB rates from 1/1/23).
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
| Bank | Account 1 Yr | Interest Rate | Deposit Guarantee | |
| BigBank | Deposito | 2.30% | Estonia | Info |
| Yapi Kredi | Euro-Plus Deposit | 2.10% | NL | |
| Garanti Bank | Gouden Termijn Deposito | 2.00% | NL | |
| Anadolubank | Alfa Time Deposits | 1.70% | NL | |
| NIBC Direct | Termijndeposito | 1.60% | NL | |
| Argenta | Termijndeposito | 0.90% | Belgium | |
| KNAB | Deposito sparen | 0.02% | NL | Info |
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.
The European Central Bank (ECB) has raised its benchmark rates 3 times in 2022 and now stands at 2.00% (base rate) and 1.50% (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 2 December 2022.
