Savings Deposit

Savings Deposit

Know exactly what you'll get

Savings Deposit

  • Fixed interest rate and term
  • Choose from several terms
  • Interest per year or per month

Fixed interest rate

A Savings Deposit (Spaar Deposito) is a savings account in which you deposit money for a longer period of time, or term. You choose the term: 5 or 10 years. The interest rate is fixed during the term. Please note that a Savings Deposit can earn lower interest than flexible savings accounts with a variable interest.

More information

Interest

Annual interest 

If you choose to receive interest once a year, the following interest rates apply:

  • Savings 5 year fixed: 0.05% 
  • Savings 10 year fixed: 0.80%

Monthly interest 

If you choose to receive interest once a month, you will receive 0.25% less interest. You cannot choose monthly interest for a Savings Deposit (Spaar Deposito) with a term of 1, 2 or 3 years. 

Maximum amount  

Interest is earned up to a maximum amount of € 10,000,000. This is the total amount of your deposits in all your Savings Deposit accounts together. Interest is not earned on the amount that exceeds € 10,000,000. Intending on saving an amount higher than this figure? Read about savings at ABN AMRO MeesPierson

You can deposit money in a Savings Deposit (Spaar Deposito) several times during the term. A deposit is subject to the interest rate that is applicable at the time the deposit is made.

Opening a deposit

Would you like to open a Savings Deposit? Call us at 0900 - 81 70 (standard call charges). From outside the Netherlands, call +31 10 - 241 17 23.

Withdrawing money

At the end of the term you set for your Savings Deposit (Spaar Deposito), the amount is transferred to your contra account. The contra account can be a current account or a savings account at ABN AMRO.

  • If you withdraw money before the end of the term, you will pay a penalty.
  • The penalty is 1% of the amount that you withdraw times the remaining term. The penalty is never more than 6% of the amount that you withdraw. You will receive interest over the number of days that the money was in your Savings Deposit (Spaar Deposito).  
  • Example penalty calculation: Your Savings Deposit (Spaar Deposito) is fixed for another four years and you withdraw € 10,000. The penalty is calculated as follows: 1% of € 10,000 =  € 100 x 4 = € 400
Changing the account number

When you open a Savings Deposit, you specify the account into which you would like the savings and the interest to be credited at the end of the term. If you want to change your account number, call us at 0900 - 81 70 (standard call charges). From outside the Netherlands, call +31 10 - 241 17 23.

Closing my account

To close your Savings Deposit, call us at 0900 - 81 70 (standard call charges). From outside the Netherlands, call +31 10 - 241 17 23. Please note that if there is still money in your Savings Deposit a fee is charged when you close the account. For more information, see 'Withdrawing money'.

Are my savings safe?

The Savings Deposito (Spaar Deposito)  is a banking product of ABN AMRO Bank N.V. ABN AMRO Bank N.V. is covered by the Deposit Guarantee Scheme. The implementation of the Deposit Guarantee Scheme means that the savings which you have collectively deposited with ABN AMRO Bank, ABN AMRO MeesPierson and MoneYou are consolidated. Find out more or call 0900 - 81 70 (standard call charges). From outside the Netherlands, call +31 10 - 241 17 23.

Terms and conditions

In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail.

More information

Annual interest 

If you choose to receive interest once a year, the following interest rates apply:

  • Savings 5 year fixed: 0.05% 
  • Savings 10 year fixed: 0.80%

Monthly interest 

If you choose to receive interest once a month, you will receive 0.25% less interest. You cannot choose monthly interest for a Savings Deposit (Spaar Deposito) with a term of 1, 2 or 3 years. 

Maximum amount  

Interest is earned up to a maximum amount of € 10,000,000. This is the total amount of your deposits in all your Savings Deposit accounts together. Interest is not earned on the amount that exceeds € 10,000,000. Intending on saving an amount higher than this figure? Read about savings at ABN AMRO MeesPierson

You can deposit money in a Savings Deposit (Spaar Deposito) several times during the term. A deposit is subject to the interest rate that is applicable at the time the deposit is made.

Would you like to open a Savings Deposit? Call us at 0900 - 81 70 (standard call charges). From outside the Netherlands, call +31 10 - 241 17 23.

At the end of the term you set for your Savings Deposit (Spaar Deposito), the amount is transferred to your contra account. The contra account can be a current account or a savings account at ABN AMRO.

  • If you withdraw money before the end of the term, you will pay a penalty.
  • The penalty is 1% of the amount that you withdraw times the remaining term. The penalty is never more than 6% of the amount that you withdraw. You will receive interest over the number of days that the money was in your Savings Deposit (Spaar Deposito).  
  • Example penalty calculation: Your Savings Deposit (Spaar Deposito) is fixed for another four years and you withdraw € 10,000. The penalty is calculated as follows: 1% of € 10,000 =  € 100 x 4 = € 400

When you open a Savings Deposit, you specify the account into which you would like the savings and the interest to be credited at the end of the term. If you want to change your account number, call us at 0900 - 81 70 (standard call charges). From outside the Netherlands, call +31 10 - 241 17 23.

To close your Savings Deposit, call us at 0900 - 81 70 (standard call charges). From outside the Netherlands, call +31 10 - 241 17 23. Please note that if there is still money in your Savings Deposit a fee is charged when you close the account. For more information, see 'Withdrawing money'.

The Savings Deposito (Spaar Deposito)  is a banking product of ABN AMRO Bank N.V. ABN AMRO Bank N.V. is covered by the Deposit Guarantee Scheme. The implementation of the Deposit Guarantee Scheme means that the savings which you have collectively deposited with ABN AMRO Bank, ABN AMRO MeesPierson and MoneYou are consolidated. Find out more or call 0900 - 81 70 (standard call charges). From outside the Netherlands, call +31 10 - 241 17 23.

In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail.