Klarna Savings vs Wise Interest
Two savings accounts for expats in the Netherlands, figure by figure.
Klarna Savings is the stronger pick for most expats.
- Interest rate: 2.20% (up to 2.70% with Klarna Max) vs 1.57% as a promotion, then 1.72%
- Deposit guarantee: Up to Covered (SE scheme) vs Not covered
| Figure | ||
|---|---|---|
| Interest rate | 2.20% (up to 2.70% with Klarna Max) (better) | 1.57% as a promotion, then 1.72% |
| Minimum deposit | None | None |
| Access to your money | Instant | Instant |
| Maximum deposit | No limit | No limit |
| Deposit guarantee | Up to Covered (SE scheme) (better) | Not covered |
| Rate check | Verified 18 October 2026 | Verified 5 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.
Klarna Savings
What we like
- 1.75% interest rate
- Excellent mobile app
- Swedish bank license
- EU deposit guarantee (Sweden)
What to consider
- Primarily known for payments
- Swedish bank (not Dutch)
- Relatively new savings product
- App focused on shopping features
Wise Interest
What we like
- Interest paid monthly
- No lock-up period
- Excellent for multi-currency
- Instant access to funds
What to consider
- Not a bank deposit (money market fund)
- Not covered by €100k deposit guarantee
- Rate is variable and net of 0.26% fund fee
- Estonian investor protection only (€20k)
Questions
Is Klarna Savings or Wise Interest better for expats in the Netherlands?
Klarna Savings comes out ahead for most expats. Interest rate: 2.20% (up to 2.70% with Klarna Max) vs 1.57% as a promotion, then 1.72%
Which has the higher interest rate, Klarna Savings or Wise Interest?
Klarna Savings pays more — 2.20% (up to 2.70% with Klarna Max) versus 1.57% as a promotion, then 1.72%.
Are Klarna Savings and Wise Interest covered by a deposit guarantee?
Klarna Savings: Covered, under the Swedish deposit guarantee scheme (Riksgälden). Up to SEK 1,150,000 (about €100,000) per person. Wise Interest: Not covered by a deposit guarantee scheme. A money market fund, not a bank deposit. Wise Assets Europe AS is covered by the Estonian investor protection fund up to €20,000 if Wise fails; that doesn't cover losses in the fund.