It will become even more important for savers to take action in 2025. Inflation in the Netherlands fell in 2024, but will continue to fluctuate around 3 percent this year, according to De Nederlandsche Bank (DNB). At the same time, DNB expects that the interest on your (Dutch) savings account will fall.
The causes of high inflation in the Netherlands are a tight labor market, rising wages and a higher tax burden on energy, food and services, among other things. The consequence of high inflation is that money in a savings account with interest rates that are significantly lower than inflation quickly loses value.
Falling savings interest rates require action
The savings interest you receive is strongly related to the policy interest rate of the European Central Bank (ECB). The ECB raised interest rates several times in 2022 and 2023 to curb inflation. Inflation has now decreased. In response, the ECB has already lowered the policy rate four times.
Experts predict that further reductions in 2025 cannot be ruled out. So now is the time to take advantage of high interest on term deposits. With the certainty of a fixed interest rate for the entire term, you can wait for a possible interest rate cut from the ECB.
Best options for smart saving
Via the online savings platform Raisin you can choose from a wide range of savings accounts and term deposits at more than forty European partner banks from Germany, Sweden, Belgium and Italy, among others.
The interest rates on term deposits are currently higher for all maturities than on a freely withdrawable savings account. These are the current interest rates at partner banks via Raisin:
- Savings account: up to 2.83% per year
- 3 months: up to 2.85% per year
- 6 months: up to 2.91% per year
- 1 year: up to 2.95% per year
- 2 years: up to 3.00% per year
Those who can spare their money for longer benefit from an even higher interest rate: up to 3.55 percent per year. Would you rather remain completely flexible with your savings? You will also benefit from a higher interest rate at Raisin than at the major Dutch banks. With Raisin you receive interest rates of up to 2.83 percent per year on freely withdrawable savings accounts at European banks. Considerably more than what the average Dutch saver has to settle for.
Is saving at a foreign bank safe?
All banks active in the Netherlands – including Raisin’s partner banks – are required to participate in their national, statutory deposit guarantee scheme. Wherever you save and which bank you use, the money in your accounts is automatically protected from 1 cent to 100,000 euros per account holder per bank, or an equivalent amount in the local currency. Exactly what you are used to from your Dutch bank.
To higher interest rates in 10 minutes
Of Raisin you can easily manage all your savings products via one central account. This way you save at high interest rates, without hassle. Opening a Raisin account is free and can be done within 10 minutes. You can then immediately compare and open savings products, as many as you want. Go to Raisin.nl and discover how to get the most out of your savings in 2025.
*The stated interest rates apply on 16.01.2025 and are subject to changes.