Earn 3.01% on Your Savings, Paid Out Every Week with bunq

Look at your savings account. More than likely, your money isn’t growing at all. While some banks were raising rates, they’ve been slow to give back the benefits.

bunq is different. You can earn 3.01% a year which is one of the best savings interest rates in the Netherlands. New to bunq? You earn 3.01% on everything from day one. Existing users earn it on savings above their personal threshold. Where other banks pay interest at the end of the year, bunq pays interest every week. It can’t be stressed enough how much of a difference that makes.

Why does it matter that bunq pays weekly versus yearly?

The majority of banks pay interest yearly. bunq pays interest weekly thanks to a system called MassInterest. Why is that better? Compound interest.

Letting interest compound means that you earn interest on interest. The sooner your earned interest shows up in your account, the faster the interest can start to earn interest. With bunq’s weekly payouts, you don’t have to wait a year for the interest to start compounding.

The snowball effect is a great way to visualize how each week your balance grows a little, and the following week that larger balance also grows a little. The savings weekly interest payouts from bunq ensure that smaller deposits over the year add up to much more than a payout that could happen once a year.

Open an account, add money, and the interest comes in every week. That’s all there is to it.

Save without a worry

bunq accounts are equipped with helpful tools that allow a user to automate their savings so they can save effortlessly.

Auto Round Up

bunq makes saving quick and easy! The difference when rounding to the nearest euro gets deposited straight from your Current Account to your Savings Account. Buying coffee for €3.40? You just added €0.60 to your savings account. It may seem like a small amount, but every cent counts!

Custom rules for incoming money

When it comes to your salary, bunq allows you to set automated rules to move a specified percentage of each incoming payment to a specific Savings Account. Want to send 10% of your incoming salary to your holiday fund? Easy!

Savings Calculator

An exciting feature of bunq is the Savings Calculator. It allows you to set a savings goal, and track your progress towards earning that amount.

Save in foreign currencies

bunq offers Foreign Currency Savings Accounts in 8 currencies. Rates of USD and GBP go up to 3.01% per year. For currencies like the Turkish Lira, the rates can go up to 27% per year! The interest offered is also paid weekly, but changes over time.

One thing to note: these accounts are not covered by the Dutch Deposit Guarantee Scheme (DGS). High risk, high reward! Only put in money you can afford to lose!

Lock in a fixed rate

Term Deposits are a great way to lock in a fixed interest rate for a set period of time. Rates go up to 2.11% per year.

It will remain the same for the duration of your agreement. Check the app for currently available options before selecting one. Options will be variable.

It can be beneficial to always reserve some funds for your everyday expenditures, while the rest can earn you a fixed interest.

Saving Together

You can simplify your savings by using a Joint Savings Account for easy digital access. Save together, earn together.

You earn the same rate of up to 3.01% a year with legal ownership of the account.

Accessing Funds

bunq gives you access to your funds with:

•         Two free withdrawals per calendar month, any amount.
•         A third free withdrawal each month, once you have saved for a full year.
•         Transfers to your other Savings Accounts are free.
•         Transfers to normal bank accounts, automated transfers and withdrawals from your Joint Account count toward the withdrawal limit.

You can complete an early withdrawal for a low fee. Savings Accounts may also be closed at your convenience.

Making Deposits

There are many convenient methods to make deposits to your Savings Account:

•         Digital bank transfers
•         iDEAL or instant bank transfers
•         Apple Pay or Google Pay
•         Credit Cards

Save your spare cash in a few taps at the end of the month.

Choose your plan

bunq savings features come with four personal plans:

•         Free
•         Core (€3.99/month) – everyday banking made easy.
•         Pro (€9.99/month) – banking with smart budgeting built in
•         Elite (€18.99/month) – banking built for an international lifestyle

You can try all plans for free when you first sign up!

Try bunq this week to earn more

At bunq, you earn 3.01% interest paid weekly right in your account. It’s one of the best interest rates in the Netherlands. Other banks make you wait and lose compounding. Not bunq!

It’s easy to get started. In 5 minutes, you can open an account and have your savings growing by next week.

Download bunq and start growing your savings by next week!