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 the interest on a Savings Deposit may be lower than on a flexible savings account with variable interest.

More information

Interest

Annual interest 

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

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

Monthly interest 

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

Maximum amount  

Interest is payable on a maximum amount of € 10,000,000. This is the total amount of your deposits in all your Savings Deposit accounts together. Interest will not be paid on any amount above € 10,000,000. If you want to save an amount higher than this, 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

If you would like to open a Savings Deposit, please call us on 0900 - 81 70 (standard call charges apply). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23.

Withdrawals

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

  • 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 for the number of days that the money was in your Savings Deposit (Spaar Deposito).  
  • Sample 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 to which you would like the savings and interest to be credited at the end of the term. If you want to change your account number, call us on 0900 - 81 70 (standard call charges apply). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23.

Closing the account

To close your Savings Deposit, call us on 0900 - 81 70 (standard call charges). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23. Please note that if there is still money in your Savings Deposit, you will be charged a fee when you close the account. For more information, see 'Withdrawals'.

Are my savings safe?

The Savings Deposito (Spaar Deposito) is an ABN AMRO Bank N.V. banking product. ABN AMRO Bank N.V. is covered by the deposit insurance scheme, which means that any savings you have deposited with ABN AMRO Bank, ABN AMRO MeesPierson and MoneYou are consolidated. Find out more or call 0900 - 81 70 (standard call charges apply). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23.

Terms and conditions

In the event of any disparity between the Dutch original and the 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 fixed for 5 year: 0.05% 
  • Savings fixed for 10 year: 0.80%

Monthly interest 

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

Maximum amount  

Interest is payable on a maximum amount of € 10,000,000. This is the total amount of your deposits in all your Savings Deposit accounts together. Interest will not be paid on any amount above € 10,000,000. If you want to save an amount higher than this, 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.

If you would like to open a Savings Deposit, please call us on 0900 - 81 70 (standard call charges apply). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23.

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

  • 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 for the number of days that the money was in your Savings Deposit (Spaar Deposito).  
  • Sample 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 to which you would like the savings and interest to be credited at the end of the term. If you want to change your account number, call us on 0900 - 81 70 (standard call charges apply). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23.

To close your Savings Deposit, call us on 0900 - 81 70 (standard call charges). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23. Please note that if there is still money in your Savings Deposit, you will be charged a fee when you close the account. For more information, see 'Withdrawals'.

The Savings Deposito (Spaar Deposito) is an ABN AMRO Bank N.V. banking product. ABN AMRO Bank N.V. is covered by the deposit insurance scheme, which means that any savings you have deposited with ABN AMRO Bank, ABN AMRO MeesPierson and MoneYou are consolidated. Find out more or call 0900 - 81 70 (standard call charges apply). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23.

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