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Garanti BBVA Savings vs NIBC Direct Spaarrekening

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.

Garanti BBVA Savings is the stronger pick for most expats.

  • Interest rate: 2.55% for 6 mo, then 1.55% vs 1.44%
Our pick

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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NIBC Direct Spaarrekening

Dutch bank offering 1.45% with no strings attached. Simple online-only savings. Often overlooked but solid choice for rate-seekers.

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Side by side

Feature
Garanti BBVA Savings
NIBC Direct Spaarrekening
Interest rate
2.55% for 6 mo, then 1.55%
1.44%
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

NIBC Direct Spaarrekening

What we like

  • 1.45% standard rate
  • Dutch bank with DNB supervision
  • No minimum deposit
  • Full €100k guarantee

What to consider

  • Online-only (no branches)
  • Less known brand
  • Basic online interface
  • No mobile app

Frequently asked

Is Garanti BBVA Savings or NIBC Direct Spaarrekening better for expats in the Netherlands?

Garanti BBVA Savings comes out ahead for most expats. Interest rate: 2.55% for 6 mo, then 1.55% vs 1.44%

Which has the higher interest rate, Garanti BBVA Savings or NIBC Direct Spaarrekening?

Garanti BBVA Savings pays more — 2.55% for 6 mo, then 1.55% versus 1.44%.

Are Garanti BBVA Savings and NIBC Direct Spaarrekening covered by the Dutch deposit guarantee?

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