Head to head · 2026
Instant Savings 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 0.30%
N26
Instant Savings
German neobank with 0.30% on free plan, up to 2.00% on paid plans. Good app but free tier rate is disappointing compared to competitors.
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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.
Instant Savings
What we like
- Excellent mobile app
- German bank with EU guarantee
- Easy account opening
- Round-up savings features
What to consider
- Low free tier rate (0.30%)
- Best rate (2.00%) requires paid plan
- Trade Republic beats it on rates
- Customer service issues reported
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 Instant Savings 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 0.30%
Which has the higher interest rate, Instant Savings or Welcome Savings?
Welcome Savings pays more — 3.00% for 3 mo, then 1.90% versus 0.30%.
Are Instant Savings and Welcome Savings covered by the Dutch deposit guarantee?
Instant Savings is covered (deposits protected up to €100,000). Welcome Savings is covered up to €100,000.