A term deposit is a simple way to grow your savings at a guaranteed rate. You place money aside for a set period, and in return, you earn a fixed interest rate that does not change until the end of the term. It is a low effort, low risk way to build your savings with confidence.

Whether you are saving for a future goal or just want a safe place to grow your money, a term deposit offers stability, clarity, and predictable returns.

How a term deposit works

When you open a term deposit, you choose how long you want to lock your money away. Common terms range from a few months to several years. During that time, your interest rate stays fixed, so you always know exactly how much you will earn by the end of the term.

You place your money in once, let it sit, and watch it grow at a steady pace. Because the interest is guaranteed, you are protected from market fluctuations that affect other types of savings or investments.

Why people choose term deposits

Guaranteed returns

Your interest rate stays the same from day one. There is no guesswork and no sudden changes, which makes it easier to plan for the future.

Protection from market ups and downs

Unlike investments, term deposits do not depend on stock markets or crypto prices. Your savings grow at a predictable rate, no matter what is happening around you.

Clear timelines

You choose the end date, so you know exactly when you will get your money back and how much you will receive.

A good fit for short or medium term goals

Whether you are saving for a big purchase, a financial cushion, or a future plan, a term deposit gives you clarity and structure.

What to know before you commit

Term deposits are designed for savings you will not need right away. Your money stays locked for the full duration you choose. If you decide to withdraw early, an early withdrawal fee applies¹.

How much can you earn?

Many banks offer different rates depending on the length of the term. This lets you earn more without taking on additional risk.

If you are comparing your options, look for clarity on:

• The interest rate

• The term length

• Early withdrawal fees

• How interest is paid

These factors help you understand how much your savings will grow and which option fits your goals best.

Grow your savings with bunq Term Deposits

If you want a simple way to earn more on your savings, bunq Term Deposits let you lock in a higher interest rate and earn up to 2.10% on the amount you set aside. You choose your term and enjoy a high, guaranteed return for the full duration.

Open a Term Deposit in your bunq app in just a few taps and start growing your savings with confidence. Learn more about bunq Term Deposits.

¹Disclaimer: When you place funds in a EUR term deposit, your money is locked for the full duration of the selected term. Only the full amount may be withdrawn—partial withdrawals aren’t possible. If you withdraw your funds before the end of the term, an early-withdrawal fee will apply. The early-withdrawal fee is 1% of the amount withdrawn for each remaining year of the term (partial year count as full), with the remaining period rounded up to the next full year. As a result, withdrawing early may reduce the amount you receive back. Learn more