Fixed-term deposits are products in which you deposit your money and cannot withdraw it until after a certain period of time that is established when you open the account, which can range from a few months to several years. Normally the bank pays more for this type of deposit because you do not have daily availability of your money and the interest rate contracted at the beginning of the period remains constant for the duration of the period. If you need to withdraw the money before the term expires, you will be subject to a penalty.
If you want to know how much the bank pays for your savings in a flexible savings account you can read the post The banks with the highest interest rates in the Netherlands 2024.
What interest rates does a fixed-term deposit offer?
The larger banks in the Netherlands do not offer as attractive rates as the lesser known banks. The updated rates as of March 2024 are shown in the table below.
| Plazo fijo (años)/ Fixed term (years) | |||||
|---|---|---|---|---|---|
| Banco/Bank | 1 | 2 | 3 | 5 | 10 |
| ABN AMRO | 2.35% | 2.35% | 2.35% | 2.35% | 2.85% |
| Rabobank | 1.70% | 2.35% | 2.40% | 2.75% | 2.90% |
| ING | - | - | 2.35% | 2.35% | - |
The banks that offer the highest rates on flexible savings accounts also offer the best rates on fixed terms. Below is the table with the rates of each bank.
| Banco/Bank | Tasa de interés/ Interest rate | Plazo / Term | Monto mínimo de apertura / Minimum opening amount |
|---|---|---|---|
| Big bank | 3.50 % | 1 año/year | € 1,000 |
| Big bank | 3.40 % | 2 años/year | € 1,000 |
| Big bank | 3.30 % | 3-10 años/year | € 1,000 |
| Santander Consumer Bank | 3.50 % | 1 año/year | € 1,000 |
| Santander Consumer Bank | 2.80 % | 2 años/year | € 1,000 |
| Santander Consumer Bank | 2.60 % | 3 años/year | € 1,000 |
| Santander Consumer Bank | 2.50 % | 4 años/year | € 1,000 |
| Leaseplan bank | 1.30 % | 3 meses/months | € 1,000 |
| Leaseplan bank | 1.40 % | 6 meses/months | € 1,000 |
| Leaseplan bank | 1.60 % | 9 meses/months | € 1,000 |
| Leaseplan bank | 2.75 % | 1 año/year | € 1,000 |
| Leaseplan bank | 2.80 % | 2 años/year | € 1,000 |
| Leaseplan bank | 2.85 % | 3 años/year | € 1,000 |
| Leaseplan bank | 2.90 % | 4 años/year | € 1,000 |
| Leaseplan bank | 2.95 % | 5 años/year | € 1,000 |
| NIBC Direct | 2.15 % | 3 meses/months | € 250 |
| NIBC Direct | 2.25 % | 6 meses/months | € 250 |
| NIBC Direct | 2.50 % | 9 meses/months | € 250 |
| NIBC Direct | 2.80 % | 1 año/year | € 250 |
| NIBC Direct | 2.00 % | 2- 10 años/year | € 250 |
If you want to know more details about each bank you can read the post Banks in the Netherlands and interest rates (2022).
You can visit Bigbank’s website at this link or you can also click on the banner below to help support the blog and future articles.
You can visit Santander Consumer Bank’s website at this link or you can also click on the banner below to help support the blog and future articles.
You can visit the LeasePlan bank website at https://www.leaseplanbank.nl/deposito-sparen.
You can visit the NIBC Direct website at https://www.nibcdirect.nl/sparen/termijndeposito/.
