Hey bunqers 🌈,

You can count on us to always give you the best possible interest. Here’s how MassInterest works at bunq.

MassInterest for Personal accounts

For 🇪🇺 EUR Savings Accounts

When you first start saving with bunq, you’ll earn the bonus interest rate (2.01%) on all your Savings until your first threshold calculation. 

Your threshold is the highest balance held in your Savings Account during the previous 6 months. The threshold is calculated twice a year on: 

• January 1 (00:00 UTC): based on your highest balance between July 1 (00:00 UTC) to December 31 (23:59 UTC)

• July 1 (00:00 UTC): based on your highest balance between January 1 (00:00 UTC) to June 30 (23:59 UTC) 

Once your threshold has been set, you’ll earn:

• The current base interest rate of 1.51%* on your savings up to the determined threshold amount. 

• The current bonus interest rate of 2.01%* on any savings above the determined threshold amount. 

*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%

*Foreign Currency Interest rates are variable and are subject to change.

MassInterest for Business accounts

For 🇪🇺 All EEA Residents

• You’ll earn an 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%

*Business Foreign Currency Interest rates are variable and are subject to change.

How does MassInterest work?

• bunq MassInterest is applicable up to 100,000 EUR for bunq Free, Core, Pro, and Elite users and applies to all Savings Accounts.

• The threshold amount is being recalculated twice per year - January 1 and July 1.

• There’s no penalty or negative interest for amounts above 100,000 EUR. However, you won’t earn interest on deposits above this cap. So, if you have 200,000 EUR in your Savings Account, you’ll receive an interest only on 100,000. The limit applies to each currency separately. So, if you have €100.000 in your Euro Savings Account, you’ll still earn interest in your Foreign Currency Savings Accounts and the other way around.

• Euro Savings Accounts are always covered up to €100.000 by the Deposit Guarantee Scheme, no matter what. However, this doesn’t apply to non-Euro Savings Accounts, because the deposits are held by CurrencyCloud.

• MassInterest is also applicable for all Savings Accounts owned by minors!

• Funds can be withdrawn maximum up to 3 times per calendar month.

• MassInterest earnings are paid out on a weekly basis based on your Payday.

• You can see our examples which can help break down how MassInterest works below.

• To start earning MassInterest, you must open a bunq Savings Account. You can open a Savings Account by following the steps outlined here.

Example 1:

Between January and June 2025, your highest savings balance was €5,000. On July 1, 2025, we calculate your threshold, which will be set at €5,000. You’ll earn an annual base interest of 1.51% on savings up to this threshold until December 31, 2025, which equals €75.5 annually in interest.

Base interest calculation:

• Daily interest: €75.5 ÷ 365 = €0.20685

• Weekly interest: €0.20685 × 7 = €1.45

In July 2025, you add an extra €2,000 to your savings, bringing your total balance to €7,000. The extra €2,000, being above your threshold, will earn the current annual bonus interest rate of 2.01%. If you keep this extra amount until December 2025, it will earn €40.2 annually in bonus interest.

Bonus interest calculation:

• Daily bonus interest: €40.2 ÷ 365 = €0.11014

• Weekly bonus interest: €0.11014 × 7 = €0.77

Total weekly interest:
€1.45 (base interest) + €0.77 (bonus interest) = €2.22 weekly interest.

Example 2:

Between January 1, 2025, and June 30, 2025, your highest savings balance was €10,000. This becomes your threshold for the next period, starting July 1, 2025.

If you withdraw €9,500 from your account before July 1, 2025, leaving only €500 in your savings, your threshold remains €10,000 because it’s based on your highest balance during the previous 6 months.

If you then deposit €9,500 back into your account on July 2, 2025, bringing your total balance back to €10,000, you will only earn the annual base interest rate of 1.51% on your savings. This is because your balance hasn’t exceeded your threshold of €10,000.

To earn the current annual bonus interest rate of 2.01%, your total savings must exceed €10,000 at any point between July 1, 2025, and December 31, 2025. Then, when your threshold is updated on January 1, 2026, it will reflect your new highest balance. For example, if you save an additional €2,000, bringing your total to €12,000, the extra €2,000 will earn the bonus interest rate.

*❗️MassInterest rates are variable and may change. We’ll always inform you in case of change.
Further information can be found here.

Example 3:

You open a Savings Account on April 15, 2025, with a starting threshold of €0. This means you’ll earn the current annual bonus interest rate of 2.01% on all savings until the next threshold calculation date, July 1, 2025. If you deposit €2,000 and keep it in your account until December 31, 2025, it will earn €40.2 annually in bonus interest.

Bonus interest calculation (Before July 1, 2025):

• Daily bonus interest: €40.2 ÷ 365 = €0.11014

• Weekly bonus interest: €0.11014 × 7 = €0.77

On July 1, 2025, your threshold is recalculated based on your highest balance between April 15, 2025, and June 30, 2025. Since your highest balance was €2,000, your threshold is set to €2,000. If you deposit another €3,000 after July 1, bringing your total balance to €5,000, you’ll earn an annual base rate of 1.51% on the threshold amount of €2,000 and the current annual bonus rate of 2.01% on the additional €3,000.

Base interest calculation:

• Annual interest on €2,000: €2,000 × 1.51% = €30.2

• Daily interest: 30.2 ÷ 365 = €0.08274

• Weekly interest: €0.08274 × 7 = €0.58

Bonus interest calculation:

• Annual interest on €3,000: €3,000 × 2.01% = €60.3

• Daily bonus interest: €60.3 ÷ 365 = €0.16521

• Weekly bonus interest: €0.16521 × 7 = €1.16

Total weekly interest (After July 1, 2025):

€0.58 (base interest) + €1.16 (bonus interest) = €1.74 weekly interest.

How can I see my total MassInterest earnings?

You can easily review your total MassInterest earnings by following the steps below:

1. Go to the 💰Savings tab

2. Tap on Next Payout below the Interest graph

3. Check out your total earned interest under Total Interest Earned

What if I don’t want to receive MassInterest?

If you don’t want to receive MassInterest on your account, you can simply disable your Payday toggle by following the steps below:

1. Tap on your 👤Profile in the top left corner

2. Tap on ⚙️Settings

3. Scroll down and tap on Rewards

4. Disable the toggle bunq Payday

Keep in mind that by disabling the Payday toggle, you won't be able to receive Cashback Partner earnings. You can find out more about your Payday here.

Reporting Interest to Tax Authorities

As a Dutch bank, we report to the Dutch tax authorities. Based on the Common Reporting Standard, the tax authorities of Member States of the European Union cooperate with each other, so the Dutch tax authorities also communicate with the German tax authorities.

This however doesn't mean that you shouldn't report your earned interest in your tax reports. You should still make sure that the interest is reported correctly to the local tax authorities 🙌