9.2.2024
The Best Savings Options for the Dutch in 02/2024
3 min read
In light of persistent inflation challenges, Dutch individuals are increasingly seeking effective methods to protect and grow their savings. This article presents the most attractive savings avenues available to them, focusing on fixed-term deposits, savings accounts, and demand deposit accounts.
The deposits of Dutch citizens continue to grow steadily in 2024. This is not surprising considering that just a year ago, in February 2023, the inflation rate in the Netherlands was 8.9%!
This has led to an increased interest in keeping people's savings.
In 2023, 80% of Dutch citizens chose to place their money in savings accounts such as fixed-term deposits, savings accounts and demand deposit accounts.
This trend will continue in 2024!
However, most of them prefer to open deposits abroad, in other EU countries, due to the slow growth of interest rates in Dutch banks in the Dutch home market.
Today, the average rate on fixed-term deposits in Dutch banks is 2.89%, while savings deposits, or overnight deposits, offer only 0.20%.
Therefore, we have prepared the best offers on fixed-term deposits, savings accounts and demand deposits available for Dutch citizens with the option to open online.
Fixed-Term Deposits with the Highest Interest Rates for Dutch Citizens 02/2024
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 3.90% | BluOr Bank (Latvia) | EUR | 6 month | Open online -> |
| 3.90% | BluOr Bank (Latvia) | EUR | 9 month | Open online -> |
| 3.90% | BluOr Bank (Latvia) | EUR | 12 month | Open online -> |
| 3.85% | Banca Progetto (Italy) | EUR | 12 month | Open online -> |
| 3.85% | Banca Progetto (Italy) | EUR | 2 years | Open online -> |
Savings and Demand Accounts with the Highest Interest Rates for Dutch Citizens 02/2024
| Interest rate | Bank | Currency | ||
|---|---|---|---|---|
| 3.50% | Banca Progetto (Italy) | EUR | Open online -> | |
| 3.31% | Distingo Bank (France) | EUR | Open online -> | |
| 3.30% | CKV Spaarbank (Belgium) | EUR | Open online -> | |
| 3.29% | Nordax Bank (Sweden) | EUR | Open online -> | |
| 3.27% | Alisa Bank (Finland) | EUR | Open online -> | |
| 3.25% | Inbank (Estonia) | EUR | Open online -> |
The main feature of term deposits and savings accounts is their flexibility. With fixed-term deposits, the funds are blocked for the entire term of the deposit, while savings and current accounts allow you to deposit and withdraw funds at any time.
Because of this flexibility, the interest rates on savings and demand deposit accounts are usually lower than those on term deposits. It is therefore important to consider your financial goals and whether you are prepared to freeze your funds for a period of time.
Opening a fixed-term deposit online is legal and secure: any deposit up to € 100,000 per depositor and per bank is covered by the Deposit Guarantee Scheme.
These reviews are for informational purposes only and should not be construed as investment or financial advice, and users should always conduct their own research or consult with professional advisors before making any decisions related to their finances.
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