Spaarradar

The ECB rate and your savings rate

When the European Central Bank changes its rate, savings rates usually follow, but not all equally fast. Here is the current rate, every decision, and what savers actually saw of it.

ECB deposit facility rate
2.50%

since 16 Sep 2026. Latest decision: raised by 0.25 percentage points, effective 16 Sep 2026.

Highest instant-access savings rate (today)
3.03%
Highest at a big bank (today)
2.00%
The ECB rate and what savers received ECB deposit facility rate Average Dutch savings rate (instant access) Average Dutch deposit rate (up to 1 year)
-1%0%1%2%3%4%5%20082012201620202024

The averages are the monthly figures the ECB publishes on what Dutch households actually received. They lag by a few months and are lower than the best rate of the moment: most savers are with a big bank.

Why do savings rates follow the ECB?

The deposit facility rate is what banks earn when they park money at the ECB. When it is high, savings are worth more to a bank: it can place them risk-free at that rate and can therefore offer savers more. When the ECB rate falls, that room disappears.

Banks do not all follow equally fast. Banks that want to attract savings, often smaller and foreign banks, adjust their rate within days. Big banks already hold plenty of savings and wait longer, especially after an increase. That is why the gap between the best rate and the big banks usually widens after a rate rise.

Fixed-term deposits often move before a decision: banks price in the rate expected for the coming years. A fixed rate therefore locks in the expectation of that moment, not just today's ECB rate.

What can you do with it?

Rate decisions

EffectiveDeposit facility rateChange
16 Sep 20262.50%+0.25
17 Jun 20262.25%+0.25
11 Jun 20252.00%-0.25
23 Apr 20252.25%-0.25
12 Mar 20252.50%-0.25
5 Feb 20252.75%-0.25
18 Dec 20243.00%-0.25
23 Oct 20243.25%-0.25
18 Sep 20243.50%-0.25
12 Jun 20243.75%-0.25
20 Sep 20234.00%+0.25
2 Aug 20233.75%+0.25
21 Jun 20233.50%+0.25
10 May 20233.25%+0.25
22 Mar 20233.00%+0.50
8 Feb 20232.50%+0.50

Source: European Central Bank (deposit facility rate; MFI interest rate statistics for Dutch households). The meeting calendar is on the ECB's website.

Today's highest savings rates

The highest instant-access savings rates right nowAs of 2 Nov 2026, 21:22 · for €50,000
BankEffective annual rate
Trade RepublicRente op kassaldo3.03%
OpenbankWelkom Spaarrekening2.71%
Santander Consumer BankSpaarrekening2.64%
Raisin RenteBoostSpaarrekening2.55%
Banca CF+Spaarrekening met voorwaarden2.52%

See all 56 in the comparison →

The highest deposit rates right now: 1 yearAs of 2 Nov 2026, 21:22 · for €50,000
BankEffective annual rate
BigbankTermijndeposito · 1 year3.40%
Guber BancaTermijndeposito · 1 year3.36%
Banca SistemaTermijndeposito · 1 year3.35%
Coop PankTermijndeposito · 1 year3.31%
AnadolubankTermijn Deposito · 1 year3.30%

See all 74 in the comparison →