Head to head · 2026
NIBC Direct Spaarrekening 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 1.44%
NIBC Direct
NIBC Direct Spaarrekening
Dutch bank offering 1.45% with no strings attached. Simple online-only savings. Often overlooked but solid choice for rate-seekers.
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.
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
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 NIBC Direct Spaarrekening 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 1.44%
Which has the higher interest rate, NIBC Direct Spaarrekening or Welcome Savings?
Welcome Savings pays more — 3.00% for 3 mo, then 1.90% versus 1.44%.
Are NIBC Direct Spaarrekening and Welcome Savings covered by the Dutch deposit guarantee?
NIBC Direct Spaarrekening is covered (deposits protected up to €100,000). Welcome Savings is covered up to €100,000.