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Amsterdam, December 2, 2022 - bunq raises its savings interest from 0.27% to 1.05%. The nearly quadrupled interest rate comes into effect immediately, well ahead of the planned monetary policy meeting of the Governing Council of the European Central Bank on December 15.
"At bunq our users are at the heart of everything we do. That’s why we make sure everything that benefits us immediately benefits them. This allows us to give them the best possible user experience, and the highest interest on their savings," Ali Niknam, founder and CEO of bunq, says.
bunq also announces it will pay interest on deposits up to €100,000, up from the previous €10,000 limit. bunq MassInterest doesn't require a minimum deposit and users get their interest paid monthly. They can access their savings directly and transfer money from their savings account to their checking accounts twice a month, in real-time.
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Amsterdam, December 2, 2022 - bunq raises its savings interest from 0.27% to 1.05%. The nearly quadrupled interest rate comes into effect immediately, well ahead of the planned monetary policy meeting of the Governing Council of the European Central Bank on December 15.
"At bunq our users are at the heart of everything we do. That’s why we make sure everything that benefits us immediately benefits them. This allows us to give them the best possible user experience, and the highest interest on their savings," Ali Niknam, founder and CEO of bunq, says.
bunq also announces it will pay interest on deposits up to €100,000, up from the previous €10,000 limit. bunq MassInterest doesn't require a minimum deposit and users get their interest paid monthly. They can access their savings directly and transfer money from their savings account to their checking accounts twice a month, in real-time.
Share this release
Amsterdam, December 2, 2022 - bunq raises its savings interest from 0.27% to 1.05%. The nearly quadrupled interest rate comes into effect immediately, well ahead of the planned monetary policy meeting of the Governing Council of the European Central Bank on December 15.
"At bunq our users are at the heart of everything we do. That’s why we make sure everything that benefits us immediately benefits them. This allows us to give them the best possible user experience, and the highest interest on their savings," Ali Niknam, founder and CEO of bunq, says.
bunq also announces it will pay interest on deposits up to €100,000, up from the previous €10,000 limit. bunq MassInterest doesn't require a minimum deposit and users get their interest paid monthly. They can access their savings directly and transfer money from their savings account to their checking accounts twice a month, in real-time.
Share this release
About bunq
bunq, Europe’s second-largest neobank, has built the first user-centric bank. By developing a product rooted in its users’ wants and needs, bunq makes life easy for location-independent people and businesses, starting from the way they manage money: how they spend, save, budget and invest. As the world’s first GenAI-powered bank, bunq offers its users safe, secure and simple 24/7 financial support—user-centricity at scale. Pioneering many things considered impossible, bunq was the first bank to get a greenfield European banking permit in over 35 years, raised the largest series A round ever secured by a European fintech (€193 million), and was the first EU neobank to achieve structural profitability. As part of its mission to build the first global neobank, bunq has also received its US broker-dealer license and applied for its Mexican banking license, with more global expansion to follow. Learn more: www.bunq.com
About bunq
bunq, Europe’s second-largest neobank, has built the first user-centric bank. By developing a product rooted in its users’ wants and needs, bunq makes life easy for location-independent people and businesses, starting from the way they manage money: how they spend, save, budget and invest. As the world’s first GenAI-powered bank, bunq offers its users safe, secure and simple 24/7 financial support—user-centricity at scale. Pioneering many things considered impossible, bunq was the first bank to get a greenfield European banking permit in over 35 years, raised the largest series A round ever secured by a European fintech (€193 million), and was the first EU neobank to achieve structural profitability. As part of its mission to build the first global neobank, bunq has also received its US broker-dealer license and applied for its Mexican banking license, with more global expansion to follow. Learn more: www.bunq.com
About bunq
bunq, Europe’s second-largest neobank, has built the first user-centric bank. By developing a product rooted in its users’ wants and needs, bunq makes life easy for location-independent people and businesses, starting from the way they manage money: how they spend, save, budget and invest. As the world’s first GenAI-powered bank, bunq offers its users safe, secure and simple 24/7 financial support—user-centricity at scale. Pioneering many things considered impossible, bunq was the first bank to get a greenfield European banking permit in over 35 years, raised the largest series A round ever secured by a European fintech (€193 million), and was the first EU neobank to achieve structural profitability. As part of its mission to build the first global neobank, bunq has also received its US broker-dealer license and applied for its Mexican banking license, with more global expansion to follow. Learn more: www.bunq.com
Press contact
Journalists can reach the bunq press team at press@bunq.com. Are you a bunq user? Get help in the app or at help.bunq.com.
Press contact
Journalists can reach the bunq press team at press@bunq.com. Are you a bunq user? Get help in the app or at help.bunq.com.
Press contact
Journalists can reach the bunq press team at press@bunq.com. Are you a bunq user? Get help in the app or at help.bunq.com.
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