A fixed-term deposit, known in Dutch as a deposito, locks your money away for a set period in exchange for a fixed interest rate. According to DutchReview's November 2026 overview, these accounts can offer better returns than a regular savings account, where low interest rates may fail to keep pace with inflation. The article compares options from various Dutch banks, noting that rates, terms, and conditions differ. It also points out that fixed-term deposits typically require you to leave your money untouched for the agreed period, and early withdrawal may come with penalties or may not be possible. For anyone with savings sitting idle, the guide aims to help identify accounts that could provide a more competitive return.
What this means if you are learning Dutch or new in the Netherlands
If you are new to the Netherlands, understanding banking products like the deposito can be part of settling in. The term itself is useful Dutch vocabulary. Before opening a fixed-term deposit, check the minimum deposit, the fixed period, and what happens if you need your money earlier. Also consider that these accounts are offered by Dutch banks, so you will likely need a Dutch bank account and a BSN (citizen service number) to apply. Compare the annual effective yield (effectieve rente) rather than just the nominal rate, and remember that inflation can erode returns if the rate is too low. As always, read the terms carefully and consider your own financial situation.