Head to head · 2026
Welcome Savings vs Savings Vault
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 1.74%
- Maximum deposit: €1,000,000 vs €100,000
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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Revolut
Savings Vault
Up to 2.59% on Ultra plan, 1.74% on Standard plan. Daily interest payments. Great if you already use Revolut for travel.
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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.
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
Savings Vault
What we like
- Up to 2.59% (Ultra plan)
- Daily interest payments
- Excellent app and UX
- Multiple currency savings
What to consider
- Best rate requires expensive Ultra plan
- Lithuanian banking license
- Can be confusing with multiple vaults
- Rate varies by subscription tier
Frequently asked
Is Welcome Savings or Savings Vault 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 1.74%
Which has the higher interest rate, Welcome Savings or Savings Vault?
Welcome Savings pays more — 3.00% for 3 mo, then 1.90% versus 1.74%.
Are Welcome Savings and Savings Vault covered by the Dutch deposit guarantee?
Welcome Savings is covered (deposits protected up to €100,000). Savings Vault is covered up to €100,000.