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Spaarrekening vs Savings Vault

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.

Spaarrekening is the stronger pick for most expats.

  • Interest rate: 1.85% vs 1.74%
  • Maximum deposit: No limit vs €100,000
Our pick

Spaarrekening

Formerly LeasePlan Bank. Dutch-registered bank offering 1.85% with full €100k guarantee. Solid, boring option.

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Savings Vault

Up to 2.59% on Ultra plan, 1.74% on Standard plan. Daily interest payments. Great if you already use Revolut for travel.

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Side by side

Feature
Spaarrekening
Savings Vault
Interest rate
1.85%
1.74%
Minimum deposit
None
None
Access to your money
Instant
Instant
Maximum deposit
No limit
€100,000
Deposit guarantee
Up to €100,000
Up to €100,000

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

Savings Vault

What we like

  • Up to 2.59% (Ultra plan)
  • Daily interest payments
  • Excellent app and UX
  • Multiple currency savings

What to consider

  • Best rate requires expensive Ultra plan
  • Lithuanian banking license
  • Can be confusing with multiple vaults
  • Rate varies by subscription tier

Frequently asked

Is Spaarrekening or Savings Vault better for expats in the Netherlands?

Spaarrekening comes out ahead for most expats. Interest rate: 1.85% vs 1.74%

Which has the higher interest rate, Spaarrekening or Savings Vault?

Spaarrekening pays more — 1.85% versus 1.74%.

Are Spaarrekening and Savings Vault covered by the Dutch deposit guarantee?

Spaarrekening is covered (deposits protected up to €100,000). Savings Vault is covered up to €100,000.