Changes from 1 July 2021

 

Negative interest

As of 1 July 2021 the threshold above which you will pay negative interest will be lowered to a total balance of € 150,000. We determine which balance class(es) you fall into by adding up the balances on all of your current and savings accounts. Joint accounts are included proportionally in the calculation.

Balance class (total balance on current and savings accounts)* Interest rate from 1 July 2021* Current interest rate*
€0 to € 100,000 0% 0%
€100,000 to € 150,000 0% 0%
Above € 150,000 (this was € 500,000) -0.50% -0.50%

*Balance classes and interest rates are subject to change.

More information about negative interest.

Savings accounts

The interest rates of the products below will remain the same.

Savings account Maximum interest Basic interest Bonus interest
Vermogens Spaarrekening 0.00% 0.00% 0.00%
Direct Sparen 0.00% 0.00% n/a
Direct Kwartaal Sparen 0.00% 0.00% 0.00%
Beleggers Spaarrekening 0.00% 0.00% n/a
KinderToekomst Spaarrekening 0.15% 0.15% 0.00%
KinderBonus Sparen* n/a 0.00% 5.00%**
Royaal Rekening*** 0.05% 0.00% 0.05%

*This savings account can no longer be opened as of June 2013.
**The child receives bonus interest up to a maximum of 4 times, i.e. following his/her 5th, 10th, 15th and 18th birthdays.
***This savings account can no longer be opened as of September 2018.

These interest rates are valid as of 1 April 2020 and are annual effective rates.

Compensation arrangement

Do you invest with us? Then you will temporarily receive a compensation of a part of the negative interest. This compensation is deducted from the negative interest you have to pay. Read more about the compensation arrangement and the changes as of 1 July 2021.

More about this compensation arrangement

Negative interest on Rechtbankrekeningen (estate accounts)

The calculation of negative interest on the Rechtbankrekening (estate account) deviates from how we calculate the negative interest on the other current and savings accounts. The negative interest is calculated per account as every Rechtbankrekening (estate account) is regarded as a personal bankruptcy or debt restructuring (Wsnp). Per account the threshold above you will pay negative interest of € 150,000 applies.

Let's say you have 5 Rechtbankrekeningen (estate accounts):

Account Balance Interest rate Daily interest*
1 € 80,000 0% € 0
2 € 120,000 0% € 0
3 € 320,000 0.5% over €170,000 (€320,000 -/- €150,000) € 2.33
4 € 850,000 0.5% over €700,000 (€850,000 -/- €150,000) € 9.59
5 € 60,000 0% € 0

*Leap years are calculated on the basis of 366 days.