Head to head · 2026
Spaarrekening vs Welcome Savings
How these two savings accounts stack up for expats in the Netherlands — compared on the numbers that actually matter, with a verdict based on the data.
Our verdict
Welcome Savings is the stronger pick for most expats.
- Interest rate: 3.00% for 3 mo, then 1.90% vs 1.85%
Ayvens Bank
Spaarrekening
Formerly LeasePlan Bank. Dutch-registered bank offering 1.85% with full €100k guarantee. Solid, boring option.
Openbank
Our pickWelcome Savings
Best promotional rate in the Netherlands: 3.00% for 3 months on up to €1 million. After promo, standard rate of 1.90% which is still competitive.
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Side by side
Highlighted cells show the stronger option for each feature. Rates and fees are verified from provider sources; figures shown as of 2026.
Spaarrekening
What we like
- Dutch bank with DNB supervision
- Full €100k deposit guarantee
- No account fees
- Straightforward savings
What to consider
- Rate not the highest (1.85%)
- Basic online interface
- Less known brand (rebranded)
- No mobile app highlights
Welcome Savings
What we like
- 3.00% welcome rate for 3 months
- No minimum deposit
- Up to €1 million covered
- EU deposit guarantee (Spain)
What to consider
- Rate drops to 1.90% after promo
- Spanish bank (Santander subsidiary)
- Customer service can be slow
- App not as polished as Dutch banks
Frequently asked
Is Spaarrekening or Welcome Savings better for expats in the Netherlands?
Welcome Savings comes out ahead for most expats. Interest rate: 3.00% for 3 mo, then 1.90% vs 1.85%
Which has the higher interest rate, Spaarrekening or Welcome Savings?
Welcome Savings pays more — 3.00% for 3 mo, then 1.90% versus 1.85%.
Are Spaarrekening and Welcome Savings covered by the Dutch deposit guarantee?
Spaarrekening is covered (deposits protected up to €100,000). Welcome Savings is covered up to €100,000.