Term Deposit

Lock in a fixed rate

Earn between 1.76% and 2.11% gross annual interest (1.23%–1.48% net) by locking your savings for a fixed term of 3, 6, 12, or 24 months. Term Deposits are intended to be held for the full term. Early withdrawal is only possible as an exception and requires withdrawing the entire deposit. In this case, all interest is lost and a cancellation fee of 1% of the deposit applies for each remaining year of the term (partial years count as full).

Term Deposit

Lock in a fixed rate

Earn between 1.76% and 2.11% gross annual interest (1.23%–1.48% net) by locking your savings for a fixed term of 3, 6, 12, or 24 months. Term Deposits are intended to be held for the full term. Early withdrawal is only possible as an exception and requires withdrawing the entire deposit. In this case, all interest is lost and a cancellation fee of 1% of the deposit applies for each remaining year of the term (partial years count as full).

Term Deposit

Lock in a fixed rate

Earn between 1.76% and 2.11% gross annual interest (1.23%–1.48% net) by locking your savings for a fixed term of 3, 6, 12, or 24 months. Term Deposits are intended to be held for the full term. Early withdrawal is only possible as an exception and requires withdrawing the entire deposit. In this case, all interest is lost and a cancellation fee of 1% of the deposit applies for each remaining year of the term (partial years count as full).

Pick a term that matches your goals

Lock in a fixed interest rate for your savings goals, whether they're 3 months or 2 years away.

Choose a term that works for you: 3, 6, 12, or 24 months

Deposit from €1,000 up to €100,000 per person

Your interest rate is fixed for the entire term

Interest is paid only up to €100,000 across all bunq Savings and Term Deposit accounts combined

Pick a term that matches your goals

Lock in a fixed interest rate for your savings goals, whether they're 3 months or 2 years away.

Choose a term that works for you: 3, 6, 12, or 24 months

Deposit from €1,000 up to €100,000 per person

Your interest rate is fixed for the entire term

Interest is paid only up to €100,000 across all bunq Savings and Term Deposit accounts combined

Pick a term that matches your goals

Lock in a fixed interest rate for your savings goals, whether they're 3 months or 2 years away.

Choose a term that works for you: 3, 6, 12, or 24 months

Deposit from €1,000 up to €100,000 per person

Your interest rate is fixed for the entire term

Interest is paid only up to €100,000 across all bunq Savings and Term Deposit accounts combined

Term Deposit Rates

Term Deposits are designed to be held until maturity. Early withdrawal is only possible as an exception and comes with a significant cancellation penalty, which can reduce your deposited amount and means no interest is earned¹.

TermGross Annual Interest Rate
3 months
1.76% (1.23% net)
6 months
1.86% (1.30% net)
12 months
2.11% (1.48% net)
24 months
1.91% (1.34% net)
TermGross Prorated Interest Rate
3 months
0.44% (0.31% net)
6 months
0.93% (0.65% net)

Before you open a term deposit

Regulatory Information
bunq is a licensed bank supervised by the Dutch Central Bank and authorized to operate in Belgium. This Term Deposit is governed by Dutch law. No key saver information is available

Tax Information
Interest earned on a Term Deposit is subject to a 30% withholding tax in Belgium (applies to retail Belgian residents). You are responsible for declaring this interest income in your annual tax return.

Interest Rate & Early Withdrawal Risk
The interest rate for your Term Deposit is fixed for the entire duration of the term you choose. Interest is paid out only at maturity, together with your deposited amount. Only the full amount may be withdrawn—partial withdrawals aren’t possible. You earn interest on up to €100,000 in total, calculated across all your Savings and Term Deposit accounts combined.

¹If 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 will reduce the amount you receive back and means no interest is earned. Keep in mind that partial years count as full years, so if your Term Deposit is set to 3 months, you’ll be charged 1% of your deposit for that year. The early withdrawal charge is capped at a maximum of 6%. Learn more

Costs
There are no additional fees for opening or maintaining a Term Deposit beyond the monthly price of your bunq plan. Term Deposits are available with all bunq plans: bunq Free (€0/month), bunq Core (€3.99/month), bunq Pro (€9.99/month), and bunq Elite (€18.99/month). The only other potential cost is the early withdrawal fee described above.

Credit Risk
Saving money always involves some credit risk. Your money is protected up to a total of €100,000 per person across all bunq accounts (excluding investments in stocks and crypto) under the Dutch Deposit Guarantee Scheme (DGS). Balances above this amount are not guaranteed.

Inflation Risk
Your savings may lose real value if the rate of inflation is higher than the fixed interest rate you earn over the term of your deposit.

Dispute Resolution
If you have a formal complaint, you can submit it through our official complaints process.

Terms & Conditions
It is not possible to open a Term Deposit using a Joint account or business account. Read the full Term Deposit terms and conditions here.

Risk indicator for all bunq B.V. accounts

1

/

6

This number is indicative of product risk, with 1/6 indicating lower risk and 6/6 indicating higher risk.

bunq B.V. is adhered to the Dutch Deposit Guarantee Fund. The maximum guaranteed amount is €100,000 per user

Choose your plan

Try it free for 30 days, no strings attached.

bunq Free

Free

The essentials to get you started.

bunq Core

€3.99/month

The bank account for everyday use.

bunq Pro

€9.99/month

The bank account that makes budgeting easy.

bunq Elite

€18.99/month

The bank account designed for your international lifestyle.

Risk indicator for all bunq B.V. accounts

1

/

6

This number is indicative of product risk, with 1/6 indicating lower risk and 6/6 indicating higher risk.

bunq B.V. is adhered to the Dutch Deposit Guarantee Fund. The maximum guaranteed amount is €100,000 per user

Choose your plan

Try it free for 30 days, no strings attached.

bunq Free

Free

The essentials to get you started.

bunq Core

€3.99/month

The bank account for everyday use.

bunq Pro

€9.99/month

The bank account that makes budgeting easy.

bunq Elite

€18.99/month

The bank account designed for your international lifestyle.

Risk indicator for all bunq B.V. accounts

1

/

6

This number is indicative of product risk, with 1/6 indicating lower risk and 6/6 indicating higher risk.

bunq B.V. is adhered to the Dutch Deposit Guarantee Fund. The maximum guaranteed amount is €100,000 per user

Choose your plan

Try it free for 30 days, no strings attached.

bunq Free

Free

The essentials to get you started.

bunq Core

€3.99/month

The bank account for everyday use.

bunq Pro

€9.99/month

The bank account that makes budgeting easy.

bunq Elite

€18.99/month

The bank account designed for your international lifestyle.

Chosen by millions of users

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Join over 20 million users on the bunq platform

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Insured up to €100,000

Your money across all your bunq Savings and Bank Accounts is protected by the Dutch Deposit Guarantee Scheme (DGS).

Insured up to €100,000

Your money is protected by the Dutch Deposit Guarantee Scheme (DGS).

Insured up to €100,000

Your money is protected by the Dutch Deposit Guarantee Scheme (DGS).

Card Payment Refunds

Your money is protected if something doesn't go as planned.

Instant Payments

Send and receive money instantly, no waiting.

24/7 support

Instant help in your language, whenever you need it.

Turn your savings into a long-term advantage

If you have money you can set aside, a bunq Term Deposit helps you make more of it with higher, stable returns. No extra accounts, no paperwork, just a smart way to grow your savings from the app you already use every day.

Frequently Asked Questions

What is a Term Deposit?

A Term Deposit lets you lock your money for a fixed period to earn a higher interest.

A Term Deposit lets you lock your money for a fixed period to earn a higher interest.

What rates can I earn with a Term Deposit in Belgium?

The interest rate you earn depends on the term you choose and whether you look at the annual rate or the prorated return for the specific term length.

Gross Annual Interest Rate

This shows the annualised interest rate for each term. It helps you compare Term Deposits with different durations on a like-for-like basis, even though shorter terms don’t run for a full year.

For example:

  • 3 months: 1.76% gross (1.23% net) annualised

  • 6 months: 1.86% gross (1.30% net) annualised

  • 12 months: 2.11% gross (1.48% net)

  • 24 months: 1.91% gross (1.34% net) annualised

Gross Prorated Interest Rate

This shows the actual interest you earn over the full duration of your chosen term, based on how long your money is locked.

For example:

  • 3 months: 0.44% gross (0.31% net)

  • 6 months: 0.93% gross (0.65% net)

Who can open a Term Deposit?

Any personal bunq user aged 18+, on any plan, can open a Term Deposit. Business accounts are not eligible. Learn more

How much can I deposit?

You can deposit €1,000–€100,000 per Term Deposit.
You can open multiple deposits and savings accounts as long as the combined total stays below €100,000.

This means if you have €80,000 in a Term Deposit and €40,000 in a regular Savings account, interest is only earned on the first €100,000. If you have funds in both a Term Deposit and a regular Savings Account, we always prioritize paying interest on your Term Deposit first.

You’ll receive the Term Deposit interest on the full €80,000. Then, you’ll earn the regular savings interest on the remaining €20,000 of the limit (€100,000 - €80,000). The final €20,000 in your regular Savings Account will not earn interest, as you have already reached the €100,000 maximum. 

Can I add money after opening the Term Deposit?

No. Your deposit amount is fixed for the full term. Incoming transfers to the Term Deposit will bounce.

Can I withdraw money early?

Yes, but only as a full withdrawal, and an early withdrawal fee will apply. Partial withdrawals aren’t possible. Learn more

What happens at the end of the term?

When the term ends, your deposit and interest are paid to your main bank account and the Term Deposit account closes, so your money is ready to use immediately. Learn more

Is my money protected?

Yes. Term Deposits are covered under the Dutch Deposit Guarantee Scheme (DGS) up to €100,000 per person, combined across all EUR Savings Accounts and Term Deposits.

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