Savings in the Netherlands: trends, risks and opportunities

Savings play a crucial role in the financial planning of many Dutch households. It not only provides a buffer for unexpected expenses, but also enables families to invest in future goals.

Keep an eye on the interest rate

Interest rates on savings accounts are subject to change. In March 2025, major Dutch banks such as ING and ABN AMRO offer a 1.50% interest rate on freely accessible savings accounts, while Rabobank is slightly higher at 1.70% for amounts up to €20,000. Despite these relatively low rates, saving remains a priority for many, largely due to the security and liquidity it provides.

It’s important for savers to stay informed about current interest rates and the economic developments that affect them. By consciously choosing where and how to save, households can get the most return on their savings while ensuring financial stability.

How do Dutch people save and how much on average?

Recent trends show that Dutch households continue to save significantly. In 2024, bank deposits increased by €24.2 billion, bringing the total savings to over €600 billion. The growth in savings is partly attributed to higher wages, low interest rates, and inflation.

The impact of inflation and interest on savings

Inflation and interest rates together determine how much your savings are truly worth. The interest paid by your bank is called the nominal rate, but it doesn’t mean much without considering inflation.

For example: if you earn 1.5% interest but inflation is at 3.8%, your purchasing power decreases by 2.3%. This is a net loss on your savings, despite the interest you receive. This difference is called the real interest rate. In March 2025, inflation in the Netherlands was around 3.7%, while banks offered about 1.5% on average. It's always wise to consider both interest and inflation together.

What does the ECB do and how does it affect your savings?

The European Central Bank (ECB) plays a key role in the eurozone economy. It sets interest rates, which directly affect both loans and savings. When the ECB raises rates, borrowing becomes more expensive and saving becomes more attractive; when it lowers rates, the opposite happens.

Banks often adjust their savings rates based on the ECB’s interest decisions. The compensation banks receive for depositing money at the central bank also influences their savings rates. A higher deposit rate encourages banks to offer savers better interest, while a lower rate does the opposite.

However, the link between ECB rates and bank savings rates isn’t always one-to-one. Factors such as competition between banks, profit goals, and the broader economic climate also play a role. That’s why savings rates may not always move in line with ECB rate changes.

For savers, it’s important to understand how ECB policy impacts interest rates. By staying informed on monetary policy changes and how banks respond, you can make better decisions and manage your savings more effectively.

Alternatives to traditional saving

Aside from saving, there are several ways to grow your money, each with its own risks and opportunities. A popular alternative is a deposit account: you lock your money for a fixed period in exchange for a higher rate than a regular savings account. The risk is low, but your money is not accessible during that period.

You can also invest in precious metals like gold and silver. These do not yield interest or dividends but are known for holding value over the long term. Especially when savings rates are low or inflation rises, more people choose to hold part of their wealth in physical precious metals like gold.

At The Silver Mountain, you’ll find a wide range of gold and silver bars and investment coins from reputable producers—ideal for those seeking tangible security in wealth building.

Which option suits you best depends on your goals, risk tolerance, and how quickly you want access to your money. A combination of saving and investing in gold can provide a smart balance between safety and return.

Tips to protect and grow your savings

Want to make more out of your savings? Then it pays to manage it consciously. A good starting point is building an emergency buffer: an amount you can access immediately for unexpected expenses, such as a broken appliance or car repair. Experts recommend saving at least three to six months’ worth of fixed expenses. That way, you avoid having to take out expensive loans.

Additionally, taking advantage of compound interest helps. The earlier you start saving, the more your interest will grow over time. Spreading your savings can also be wise: keep part in a freely accessible account, part in a deposit with higher interest, and consider other options like investing or precious metals. That way, you maintain flexibility while working toward a good return.

By making clear choices and using your savings in multiple ways, you create peace of mind, space, and growth in your financial plan. When your income or expenses change, it’s smart to adjust your savings strategy. Your goals may also shift over time. Curious about the possibilities? Feel free to contact us!

Disclaimer: The Silver Mountain does not provide investment advice and this article should not be considered as such. Past performance is no guarantee of future results.