The banks with the highest interest rates in the Netherlands 2024

In this post you will find an updated table with the banks with the highest interest rates in the Netherlands.

The big banks in the Netherlands (ABN Amro, ING, Rabobank) are not the ones with the highest interest rates. If you want to know more about these banks you can read the post Banks in the Netherlands).

ABN Amro and ING (at the date of this post updated to March 2024) offer 1.5% per annum on their flexible savings account, i.e. 15 euros per year for every 1,000 euros in the account. Rabobank and SNS bank are the big banks that offer a more attractive interest rate, 1.7% (for the first 20 thousand euros). As I commented in the post the emergency fund you have to keep it somewhere, and it seems that in the Netherlands there is no better place than in a bank. Although this will cause you to lose purchasing power due to inflation. Therefore it is advisable to find out which bank gives the best interest rate in the Netherlands.

The table below shows the banks in the Netherlands with the highest interest rate in 2024 ordered from the bank with the highest to the lowest interest rate.

BancoCuentaTasa de Interés anualPaís *Pago de interés
1Santander consumer bankSpaarrekening3.60 %EspañaMensual
2OpenbankOpen Spaarrekening2.75%-3.65%*EspañaMensual
3BigbankFlexibel Sparen3.30 %EstoniaAnual
4Lloyds BankSpaarrekening3.00 %AlemaniaAnual
5BunqEasy Savings2.46 %Países BajosSemanal
6LeasePlan BankFlexibel Sparen2.20 %Países BajosMensual

In a previous post I elaborated more about these banks, you can consult Banks in the Netherlands and interest rates (2022).

A new addition to this list is Santander Consumer Bank, they offer an online savings account that is protected by the Spanish deposit guarantee system, has no minimum deposits and charges no fees.
If you want to know more about Santander Consumer Bank’s savings account you can click on the banner below, if you do you help the blog and future articles.A new addition to this list is Santander Consumer Bank, they offer an online savings account that is protected by the Spanish deposit guarantee system, has no minimum deposits and charges no fees.
If you want to know more about Santander Consumer Bank’s savings account you can click on the banner below, if you do you help the blog and future articles.

Banner - Savings Account 728x90

The case of Openbank deserves a separate calculation as they have a promotion for new clients. They offer an interest rate of 3.65% for the first 6 months, after this period the rate drops to 2.75% under certain conditions.

Although it is no longer the bank with the highest interest rate Bunq is still one of the options with the highest interest rates, I talked more about this bank and its Easy Savings account in The highest interest savings account in the Netherlands.

Are my savings safe in these banks?

As a licensed bank, by European Union law savers’ deposits are guaranteed up to 100,000 Euros in case the bank goes bankrupt;

The protection of savings comes from a fund established at national level by each member state, each bank authorized by the member state contributes to this protection fund depending on the risk category to which the bank belongs, if any bank were to declare bankruptcy the money from the fund would be used to compensate the customers of the failed bank. All this falls under the deposit guarantee system, at the end I leave a link for those who want to read more about this.  In the case of the Netherlands “De Nederlandsche Bank “(DNB) is in charge of this fund.

The banks that offer higher interest rates are banks that have the deposit guarantee system of countries other than the Netherlands. As a general rule in the world of finance, the higher the risk, the higher the return. If one of these banks should fail, you will have to apply to the agency designated by the country where the bank is located.

If you want to read more about the European Union deposit guarantee follow this link https://www.consilium.europa.eu/es/policies/banking-union/single-rulebook/deposit-guarantee-schemes/

Below are the links to the banks mentioned above.

More information about Bunq here

More information about Bigbank here or in the banner below.

More information about Lloyds bank here

More information about Openbank here

More information about LeasePlan bank here

Did you know that in the Netherlands there are other places that give you higher interest rates than banks? Follow the link to find out more.

* the country mentioned in the table is the one that protects the savings of the bank mentioned.

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