Savings Deposit

Savings Deposits can be opened by private individuals and private pension BVs. You must hold an ABN AMRO current account.

With a Savings Deposit, your interest is paid annually.

• The interest rate for a 1‑year Savings Deposit is 1.80%.
• The interest rate for a 2‑year Savings Deposit is 1.95%.
• The interest rate for a 3‑year Savings Deposit is 1.95%.
• The interest rate for a 5‑year Savings Deposit is 2.30%.
• The interest rate for a 10‑year Savings Deposit is 2.70%.
• The rate offered is the annual interest rate. You receive the interest each year on the same day you made your first deposit. We transfer your interest to your linked account at ABN AMRO. This may be a current account or savings account with ABN AMRO.
• The interest rate you receive on a Savings Deposit with a specific term is the rate offered by the bank on the day you make your deposit.
  From the moment you deposit your money, this rate is fixed for the term you have chosen.
• The bank may change the interest rates on Savings Deposits daily. Any changes apply only if you open a new Savings Deposit or make a new deposit.

At present, you can open a Savings Deposit with a term of 1, 2, 3, 5 or 10 years. When opening one, you can make your first deposit immediately. The minimum initial deposit is €500 and the maximum is €250,000.

Please note: This maximum amount depends on your daily limit, which you can adjust yourself up to €250,000.

Would you like to deposit more than €250,000? You can do this by making a new deposit of at least €500 immediately after your first deposit.

For new deposits, the transfer limits for Internet Banking and the ABN AMRO app apply.

Please note: Money cannot be transferred from a savings account with a savings lock.

Do you already have a Savings Deposit and want to make a new deposit? You have two options:

• Would you like to make a new deposit for the same term as your existing Savings Deposit? Then transfer the new amount (minimum €500) to the existing account number. The term for the new amount starts on the day of the deposit. You receive the interest rate offered at that moment.
• Prefer a different term from your existing Savings Deposit? Then you open a new Savings Deposit (minimum €500) with the term you want. You receive a new account number. The new term starts on the day of the deposit, and you receive the interest rate offered at that moment.

Please note: It is not possible to make additional deposits into a Green Savings Deposit.

When the term of your Savings Deposit ends, the amount is transferred to your linked account. This may be a current account or savings account with ABN AMRO.

You cannot close your Savings Deposit while there is still money in it. You must first withdraw the funds. In most cases, you will pay a penalty. Read more about this in
our terms and conditions (PDF, 113 KB) .

If there is no money left in your Savings Deposit, you can close it free of charge. You can do this easily online via the page for closing a savings account.

Your money is protected under the Dutch Deposit Guarantee Scheme.

Your money in accounts at ABN AMRO Bank N.V. is legally protected by the Dutch Deposit Guarantee Scheme, from €0.01 up to €100,000. This protection applies per person and covers the total amount you hold in accounts with ABN AMRO Bank. You do not need to do anything for this.

More information about the Dutch Deposit Guarantee Scheme.

All terms and conditions can be found in our
Savings Deposit Terms and Conditions (PDF, 113 KB) .