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Garanti BBVA Savings vs Klarna 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.

Klarna Savings is the stronger pick for most expats.

  • Interest rate: 1.70% vs 2.55% for 6 mo, then 1.55%
  • Maximum deposit: No limit vs €100,000

Garanti BBVA Savings

Dutch-registered bank (part of BBVA group) offering 1.55% standard rate with a 2.55% promo for the first 6 months. Solid option with DNB supervision.

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Our pick

Klarna Savings

Swedish fintech now offering savings with 1.75% interest. Same app you might use for shopping, now with savings rates.

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Side by side

Feature
Garanti BBVA Savings
Klarna Savings
Interest rate
2.55% for 6 mo, then 1.55%
1.70%
Minimum deposit
None
None
Access to your money
Instant
Instant
Maximum deposit
€100,000
No limit
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.

Garanti BBVA Savings

What we like

  • 2.55% promotional rate for 6 months
  • Dutch-registered bank with DNB supervision
  • Full €100k deposit guarantee
  • No lock-up period

What to consider

  • Standard rate drops to 1.55% after promo
  • Less known brand in Netherlands
  • Basic online interface
  • Rate may change

Klarna Savings

What we like

  • 1.75% interest rate
  • Excellent mobile app
  • Swedish bank license
  • EU deposit guarantee (Sweden)

What to consider

  • Primarily known for payments
  • Swedish bank (not Dutch)
  • Relatively new savings product
  • App focused on shopping features

Frequently asked

Is Garanti BBVA Savings or Klarna Savings better for expats in the Netherlands?

Klarna Savings comes out ahead for most expats. Interest rate: 1.70% vs 2.55% for 6 mo, then 1.55%

Which has the higher interest rate, Garanti BBVA Savings or Klarna Savings?

Klarna Savings pays more — 1.70% versus 2.55% for 6 mo, then 1.55%.

Are Garanti BBVA Savings and Klarna Savings covered by the Dutch deposit guarantee?

Garanti BBVA Savings is covered (deposits protected up to €100,000). Klarna Savings is covered up to €100,000.