BUUT Savings vs Openbank Welcome Savings
Two savings accounts for expats in the Netherlands, figure by figure.
Openbank Welcome Savings is the stronger pick for most expats.
- Interest rate: 3.10% as a promotion for 6 months, then 2.25% vs 1.45%
- Deposit guarantee: Up to €100,000 (ES scheme) vs Not verified
| Figure | ||
|---|---|---|
| Interest rate | 1.45% | 3.10% as a promotion for 6 months, then 2.25% (better) |
| Minimum deposit | None | None |
| Access to your money | Instant | Instant |
| Maximum deposit | No limit (better) | €1,000,000 |
| Deposit guarantee | Not verified | Up to €100,000 (ES scheme) (better) |
| Rate check | Not yet verified | Verified 29 October 2026 |
Bold marks the better value in a row. Figures are checked daily against provider sources; each product page shows when its figures were last confirmed.
BUUT Savings
What we like
- Built by the Tikkie team
- Dutch IBAN with ABN AMRO backing
- Savings tools and budgeting features
- Full €100k deposit guarantee
What to consider
- Very new product (launched 2025)
- Same rate as ABN AMRO Direct Sparen
- Limited track record
- Still building out features
Openbank 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
Questions
Is BUUT Savings or Openbank Welcome Savings better for expats in the Netherlands?
Openbank Welcome Savings comes out ahead for most expats. Interest rate: 3.10% as a promotion for 6 months, then 2.25% vs 1.45%
Which has the higher interest rate, BUUT Savings or Openbank Welcome Savings?
Openbank Welcome Savings pays more — 3.10% as a promotion for 6 months, then 2.25% versus 1.45%.
Are BUUT Savings and Openbank Welcome Savings covered by a deposit guarantee?
BUUT Savings: Not verified yet. Check the provider’s deposit guarantee information sheet before you deposit. Openbank Welcome Savings: Up to €100,000 per person per bank, under the Spanish deposit guarantee fund (FGD).