1.56% interest, zero fees

All new bunq users who live in Germany will earn 2.55% interest on their savings for their first 4 months. After the first 4 months, the interest rate will be our standard rate of 1.56%. This promotion does not apply to existing bunq users. Existing users earn 1.56% on their savings at bunq. For more information, click here.

All you need is the bunq app and a valid identity document to open your Savings Account. bunq is a fully licensed and regulated bank, but unlike other banks, you don’t need an existing bank account/IBAN to get started, we’ll give you one when you sign up!

No, we want you to save money the way that suits you best. That means there’s no minimum deposits, no fixed terms, and no other requirements such as opening an investment account.

This allows us to give you the highest possible interest rate, while still making it easy for you to access your savings in seconds if you need to.

Withdrawing money from your Savings Account is always completely free. Some top-up methods for depositing money into your Savings Account may incur a small fee and if you send money to your bunq Savings Account from another bank, your other bank may charge extra costs as well.

bunq processes all transactions in real-time. This means that money sent from one bunq account to another always arrives instantly. Because bunq is part of the TARGET Instant Payment Settlement (TIPS) service, sending and receiving money between bunq and other participating European banks is also instant.

Each day we take the lowest balance of your savings account(s) from the day before and apply your daily interest rate to a maximum of €100,000. Then, on the 1st of each month, we add it all together and pay it to you.