Saving money can be tough, especially if you're not sure where to start. But with the right tools and strategies, you can make saving easier and more effective. One tool that can help you save more in the coming year is your bunq app, with a number of features designed to help you save more money.
A type of bank account specifically designed for saving money. They usually offer higher interest rates than checking accounts, which means that you'll earn more money on your savings. With bunq, you can open a Savings Account completely free with no minimum starting deposit, so you can start saving even if you don't have a lot of money to begin with. Plus, you can make two instant withdrawals per month, so you can easily access your savings if you need to.
bunq allows you to earn a higher interest rate on your savings. You'll earn a massive 1.31%* on your deposits, paid monthly. This means that you'll be earning compound interest on your savings, which can really add up over time. Compound interest is when you earn interest not only on your original deposit, but also on any interest that you've already earned. This can help your savings grow faster, as you'll be earning interest on both your original deposit and any previous interest payments.
This feature can help you save more money effortlessly. AutoSave works by rounding up every payment you make to the nearest euro and adding the difference to your savings. For example, if you make a payment of €3.50, AutoSave will round it up to €4 and add the €0.50 difference to your savings. This can be a really easy way to save more money without even thinking about it, as the bunq app does all the work for you.
Overall, bunq is a great tool for anyone looking to save more in 2023. With its Savings Accounts, MassInterest, and AutoSave features, you'll have all the tools you need to start building your savings and reaching your financial goals. So if you want to save more in the coming year, be sure to give these bunq features a try. You'll be amazed at how much you can save!
* MassInterest is 1.05% for businesses.