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Instant Savings vs Rabo Spaargeld

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.

Rabo Spaargeld is the stronger pick for most expats.

  • Interest rate: 1.40% vs 0.30%

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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Our pick

Rabo Spaargeld

One of the "Big 3" Dutch banks. Tiered rate: 1.70% on first €20k, then 1.40% up to €100k. Excellent for expats who want a traditional Dutch banking relationship.

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Side by side

Feature
Instant Savings
Rabo Spaargeld
Interest rate
0.30%
1.40%
Minimum deposit
None
None
Access to your money
Instant
Instant
Maximum deposit
No limit
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.

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

Rabo Spaargeld

What we like

  • Major Dutch bank (Big 3)
  • Strong English support
  • 1.70% on first €20,000
  • Full €100k deposit guarantee

What to consider

  • Rate drops to 1.40% above €20k
  • Requires Rabobank current account
  • Traditional banking experience
  • Better rates available elsewhere

Frequently asked

Is Instant Savings or Rabo Spaargeld better for expats in the Netherlands?

Rabo Spaargeld comes out ahead for most expats. Interest rate: 1.40% vs 0.30%

Which has the higher interest rate, Instant Savings or Rabo Spaargeld?

Rabo Spaargeld pays more — 1.40% versus 0.30%.

Are Instant Savings and Rabo Spaargeld covered by the Dutch deposit guarantee?

Instant Savings is covered (deposits protected up to €100,000). Rabo Spaargeld is covered up to €100,000.