Bunq now offers the best neobank interest rates

After announcing last month an increase in the rates of remuneration of its bank accounts, the neobank Bunq is giving it a layer.

Rising interest rates are definitely becoming fashionable among neobanks offering remunerated accounts and Bunq is one of the great instigators of this movement. For the fourth time since September 2022, the bank is raising interest rates on its interest-bearing accounts. Bunq users with a personal savings account will therefore receive 1.56% interest, which is 0.25% more than the previous rate.

One of the highest rates at online banks and neobanks

This new increase is part of the bank’s overall strategy, taking advantage of the decision taken last week by the European Central Bank to increase the key rate to 3%, mainly to deal with the crisis. With this announcement, Bunq becomes by far the neobank offering the best passbook rate, but it is possible to find better remunerated banking products from online banks such as Boursorama Banque or Fortuneo.

Thanks to its banking license, users’ deposits (up to 100,000 euros) are fully covered by the Dutch deposit guarantee scheme.

Bunq is taking this opportunity to highlight its corresponding feature on Named Investing Massinterest. Concretely, it is a platform accessible from the Bunq application and for all savings customers allowing them to choose in which area their money will be invested. However, the bank does not provide any guarantee on the exact traceability of its money, so we prefer to remain cautious on this point.