bunq Easy Savings vs Openbank Welcome Savings
Two savings accounts for expats in the Netherlands, figure by figure.
Openbank Welcome Savings is the stronger pick for most expats.
- Interest rate: 3.10% as a promotion for 6 months, then 2.25% vs 1.61%, or 3.01% as a bonus for new savers
- Maximum deposit: €1,000,000 vs €100,000
| Figure | ||
|---|---|---|
| Interest rate | 1.61%, or 3.01% as a bonus for new savers | 3.10% as a promotion for 6 months, then 2.25% (better) |
| Minimum deposit | None | None |
| Access to your money | Instant | Instant |
| Maximum deposit | €100,000 | €1,000,000 (better) |
| Deposit guarantee | Up to €100,000 (NL scheme) | Up to €100,000 (ES scheme) |
| Rate check | Unverified since 16 October 2026 | Verified 29 October 2026 |
Bold marks the better value in a row. Figures are checked daily against provider sources; each product page shows when its figures were last confirmed.
bunq Easy Savings
What we like
- Up to 2.01% bonus interest above threshold
- Weekly interest payments
- Excellent mobile app
- Dutch bank with €100k guarantee
What to consider
- Requires bunq subscription (€2.99+/mo)
- Max 2 withdrawals/month
- Subscription cost eats into returns
Openbank Welcome Savings
What we like
- 3.00% welcome rate for 3 months
- No minimum deposit
- Up to €1 million covered
- EU deposit guarantee (Spain)
What to consider
- Rate drops to 1.90% after promo
- Spanish bank (Santander subsidiary)
- Customer service can be slow
- App not as polished as Dutch banks
Questions
Is bunq Easy Savings or Openbank Welcome Savings better for expats in the Netherlands?
Openbank Welcome Savings comes out ahead for most expats. Interest rate: 3.10% as a promotion for 6 months, then 2.25% vs 1.61%, or 3.01% as a bonus for new savers
Which has the higher interest rate, bunq Easy Savings or Openbank Welcome Savings?
Openbank Welcome Savings pays more — 3.10% as a promotion for 6 months, then 2.25% versus 1.61%, or 3.01% as a bonus for new savers.
Are bunq Easy Savings and Openbank Welcome Savings covered by a deposit guarantee?
bunq Easy Savings: Up to €100,000 per person per bank, under the Dutch deposit guarantee scheme (De Nederlandsche Bank). Openbank Welcome Savings: Up to €100,000 per person per bank, under the Spanish deposit guarantee fund (FGD).