FCM Bank Savings (via Raisin) 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 1.91%
- Maximum deposit: €1,000,000 vs €100,000
| Figure | ||
|---|---|---|
| Interest rate | 1.91% | 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 (MT scheme) | Up to €100,000 (ES scheme) |
| Rate check | Not yet verified | Verified 18 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.
FCM Bank Savings (via Raisin)
What we like
- 1.91% flexible rate
- EU deposit guarantee (Malta)
- No minimum deposit
- Access via Raisin
What to consider
- Maltese bank (less familiar)
- Need Raisin account
- Smaller bank
- Rate can change
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 FCM Bank Savings (via Raisin) 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 1.91%
Which has the higher interest rate, FCM Bank Savings (via Raisin) or Openbank Welcome Savings?
Openbank Welcome Savings pays more — 3.10% as a promotion for 6 months, then 2.25% versus 1.91%.
Are FCM Bank Savings (via Raisin) and Openbank Welcome Savings covered by a deposit guarantee?
FCM Bank Savings (via Raisin): Up to €100,000 per person per bank, under the Maltese Depositor Compensation Scheme. Openbank Welcome Savings: Up to €100,000 per person per bank, under the Spanish deposit guarantee fund (FGD).