Savings interest rates in the Netherlands are derisory. The main 3 big Dutch banks offer near zero rates to savers and apply negative rates for larger balances.
When you account for inflation (about 3%) 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 rate is only 0.25% 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|
|Big Bank||Flexibel Sparen||0.25%||Estonia||Info|
|Lloyds Bank||Internet Spaarrekening||0.15%||DE|
|LeasePlan Bank||Flexibel Sparen||0.05%||NL|
|Anadolubank||Alfa Smart Savings||0.02%||NL|
|DHB Bank||DHB VoorSpoedrekening||0.01%||NL|
|Garanti Bank||Gouden Internet Rekening||0.01%||NL|
|ASN Bank||Ideaalsparen||up to 0.01%||NL|
|ING Bank||Oranje Spaarrekening||up to 0.01%||NL|
|Rabobank||Rabo InternetSparen||up to 0.01%||NL|
|SNS Bank||Internet Sparen||up to 0.01%||NL|
|ABN AMRO||Direct Sparen||0.00%||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.
Negative interest rates are slowly encroaching more savers. A negative interest rate of -0.50% is applied for balances above €100,000 for savings account holders at ABN-Amro, ING and Rabobank.
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.
Some banks used to offer a slightly higher bonus rate for quarterly savings accounts – however rates are so low now that this really no longer applies.
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|
|Yapi Kredi||Euro-Plus Deposit||0.40%||NL|
|Anadolubank||Alfa Time Deposits||0.20%||NL|
|Garanti Bank||Gouden Termijn Deposito||0.15%||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 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.
With the European Central Bank (ECB) base rate at 0% (and a negative deposit rate at -0.50%), it seems savings accounts rates will remain low for the foreseeable future. It is likely more savers will be faced with negative interest rates in the coming future.
And with the economic fallout due to the ‘coronavirus’ measures and the push for central bank digital currencies we could see more volatility and chaos in the financial sector.
|Looking for a Dutch bank account? bunq is a modern app-based bank. Its portal is in English, Dutch + 5 other languages. You can open an account in 5 minutes with ID and a European address (no need yet to have a BSN number). The bunq debit card has zero forex fees.|
You can try bunq for free here
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 15 November 2021.