After announcing last month an increase in the rates of remuneration of its bank accounts, the neobank Bunq is giving it a layer.
Definitely, rate hikes are becoming fashionable among neobanks that offer interest-bearing accounts and Bunq is one of the great promoters of this movement. For the fourth time since September 2022, the bank is raising interest rates on its interest-bearing accounts. Therefore, Bunq users with a personal savings account will receive interest from 1.56%this is 0.25% more than the previous rate.
One of the highest rates in online banks and neobanks
This new rise is part of the bank’s global strategy, taking advantage of the decision taken last week by the European Central Bank to raise the reference rate to 3%, mainly to deal with the crisis. With this announcement, Bunq becomes by far the neobank that offers the best book rate, but it is possible to find better-paid banking products at online banks such as Boursorama Banque or Fortuneo.
Thanks to its banking license, user deposits (up to 100,000 euros) are fully covered by the Dutch deposit guarantee system.
Bunq is taking this opportunity to highlight its corresponding role in Named Investing mass interest. Specifically, it is a platform accessible from the Bunq application and for all savings clients that allows them to choose in which area they will invest their money. However, the bank does not offer any guarantee about the exact traceability of your money, so we prefer to be cautious on this point.
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