If you’ve ever seen headlines about the European Central Bank “raising” or “cutting” rates, you might wonder what it actually means for you. The ECB rate quietly shapes your mortgage, your savings, and even the prices in shops.

So what is it, really?

The European Central Bank (ECB) sets key interest rates that determine how much it costs banks to borrow money and how much interest they earn on deposits. These rates influence the interest banks, like bunq, offer to their customers. Think of it as the price of money in the Eurozone. When it changes, it affects nearly every part of the economy.

Why the ECB rate matters

The ECB’s main goal is to keep prices stable. It raises rates to cool down inflation and lowers them to encourage spending.

When rates rise, savings earn more. When they fall, borrowing gets cheaper. Even if you never think about it, the ECB rate shapes how you save, spend, and plan for the future.

How it affects your money at bunq

We keep an eye on ECB decisions because they can affect market interest rates, which may impact how much your savings earn over time.

Want to grow your savings faster? Turn on AutoSave. Every time you spend, bunq rounds up your payments and sets the difference aside. Over time, those small amounts add up and earn interest that follows the broader economy.

You can also open multiple Savings Accounts to save for different Savings Goals. Each earns its own interest, updated in real time, so you always know how your money is performing.

Spend abroad fairly

The ECB rate also affects the euro’s exchange rate against other currencies.

With ZeroFX, you spend and transfer money abroad at the real Mastercard exchange rate, with only a 0.5% adjustment* to protect you from market fluctuations. There are no hidden fees, and any markups are shown clearly before you pay. At bunq, transparency is the rule, not the exception.

The bigger picture

The ECB rate guides Europe’s economy. It sets the rhythm for how money flows, how prices move, and how much your euros are worth. By staying connected to ECB currency rates, bunq keeps your money aligned with the real economy.

You don’t need to follow financial news or interpret market data. bunq keeps your savings and exchange rates up to date, so your money performs exactly as it should.

In short

The ECB rate affects every euro in circulation. It drives savings returns, borrowing costs, and foreign exchange rates.

At bunq, we make those changes work for you. You earn interest that follows the market, save automatically with AutoSave, and spend abroad at the best possible exchange rate with ZeroFX.

You can’t control the ECB rate, but you can control how it affects you. With bunq, every euro you save or spend stays in sync with Europe’s economy, so your money always keeps its value.

*ZeroFX is automatically active for all bunq users. bunq Free users can make payments abroad up to €1,000 per year, while bunq Core, Pro, and Elite users enjoy unlimited foreign payments.