Hey bunqers 🌈 ,
Did you know that with a bunq Savings Account, you have the freedom to manage your savings your way?
You can add money to your Savings Account whenever you like, and withdraw all or part of your savings when you need to. Better yet, you can automate your savings with Auto Round Up and watch your money grow effortlessly. Let's make saving easy together 🚀
Further information about the MassInterest you can earn and how it works can be found here.
Where can I find my Savings Accounts?
You can find all of your Savings Accounts in your Savings Tab 💰
Simply:
Open your bunq app
Tap on your Savings Tab from the middle of your navigation bar💰
How can I create a Savings Account?
Go to the 💰Savings tab
Tap on Add an Extra Savings Account
Select Savings Account
Personalize it and tap Create
Done!
How can I withdraw money from my Savings Account?
You're always in control and can access your savings whenever you need to. You get 2 free withdrawals every single month, and this limit applies across all bunq plans. This means you have a total of 2 free withdrawals for all of your Personal Savings Accounts, and a separate 2 for all of your Business Savings Accounts.
Been saving with us for over a year? We love to see it 🎉 As a thank you for your commitment, you'll automatically unlock an extra free withdrawal every month. This brings your new total to 3 free withdrawals. We start counting from the day you made your very first deposit to a Savings Account.
Good to know: moving money between your own Personal Savings Accounts is always free and doesn’t count towards your monthly limit. And for a fresh start every time, your withdrawal limit automatically resets on the 1st of every month (at 1:00 AM CET).
How do I transfer money to my Savings Account?
You can send a payment to your savings account whenever you wish. To see how to manually send money, check out the steps below:
Go to the Savings tab
Tap on your Savings Account
Tap on Add money
Select your payment method and amount
Done 👍
How do I set a Saving Goal?
If you want to set a Saving Goal for your Savings Account and track your progress, follow these easy steps:
Go to your Savings tab
Select your Savings Account
Tap on Settings (⚙️)
Select Saving Goal
Select amount
Done!
Once you've reached your goal: You will receive a new event in the Events section. Every time you reach your Saving Goal we'll send you an email to congratulate you on job well done 🙌
How do I create a Savings Account in bunq Web?
In order to create a Savings Account just follow these easy steps:
Go to https://web.bunq.com
Click on + Add Bank Account
Select Save for a specific goal
What MassInterest am I earning?
Personal Accounts
For 🇪🇺 EUR Savings Accounts
You can earn an annual bonus MassInterest on your savings all year long when you save more than your personalized starting point, called a "threshold." This threshold is based on the highest amount you saved in your account over the past 6 months. It gets calculated twice a year - on January 1 and July 1.
Please note: To start earning MassInterest, you must open a bunq Savings Account.
Here’s how it works:
You earn an annual base interest rate, currently 1.51%*, on savings up to your threshold.
If you save more than your threshold, you’ll get the current annual bonus rate of 2.01%* on the extra amount.
If you didn’t have any savings in your Savings Account or if you've just joined bunq and opened a Savings Account during the 6-month period before the threshold calculation, your threshold will start at €0. This means you’ll receive the current annual bonus rate of 2.01% on all savings until the next calculation.
* The base rate and the bonus rate are variable and are subject to change.
For 🌍 Foreign Currency Savings Accounts
Annual variable rates of:
🇦🇪 AED, United Arab Emirates Dirham — 2.02%
🇦🇺 AUD, Australian Dollar — 3.56%
🇬🇧 GBP, British Pound — 3.01%
🇳🇴 NOK, Norwegian Krone — 3.32%
🇵🇱 PLN, Polish Złoty — 2.12%
🇹🇷 TRY, Turkish Lira — 27.06%
🇺🇸 USD, US Dollar — 3.01%
🇿🇦 ZAR, South African Rand — 4.03%
* The foreign currency rates are variable and are subject to change.
Business Accounts
For 🇪🇺 EUR Savings Accounts
Annual variable rate of 0.75%*
* The business interest rate is variable and is subject to change.
For 🌍 Foreign Currency Savings Accounts
Annual variable rates of:
🇦🇪 AED, United Arab Emirates Dirham — 1.54%
🇦🇺 AUD, Australian Dollar — 2.72%
🇬🇧 GBP, British Pound — 2.30%
🇳🇴 NOK, Norwegian Krone — 2.53%
🇵🇱 PLN, Polish Złoty — 1.62%
🇹🇷 TRY, Turkish Lira — 20.68%
🇺🇸 USD, US Dollar — 2.30%
🇿🇦 ZAR, South African Rand — 3.08%
*The foreign currency rates are variable and are subject to change.
Further information about Foreign Currency Savings Accounts can be found here.
How do I close my Savings Account?
To close your Savings Account, you can follow the steps mentioned here.
Good to know
You receive interest accrued only over balances on Savings Account(s).
You’ll be able to withdraw money for free up to 2 (or 3) times per calendar month from all your Savings Accounts. Learn more about how many free Savings Withdrawals you get here.
Internal transfers between your Personal Savings Accounts don't count towards the monthly limit.
Keep in mind that automated payments which you've set up from your Savings Accounts do count towards the limit.
Transfers between your Savings Accounts and your regular Bank Accounts count towards the limit.
Withdrawals from any Joint Savings Account count towards your monthly withdrawal limit.
Your withdrawal limit is automatically reset at every 1st of the month (01:00 CET).
Want to do a partial withdrawal from your Savings Account? Simply follow the steps explained here.
The Savings Account isn't a regular bank account for payments (including iDEAL, SWIFT, and Bancontact payments). In such case you can create a Bank Account and use its monetary benefits.