ABN AMRO lowers interest rates on retail savings accounts

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ABN AMRO is lowering the interest rates paid on savings accounts as from 31 July. Clients have been informed of this change. The interest rate paid on the popular Capital Savings Account (Vermogensspaarrekening) will be lowered from 0.35% to 0.30%.

Interest paid on the flexible Direct Savings account (Direct Sparen), which offers instant access to deposits, will be lowered from 0.15% to 0.10%. Interest rates on other savings accounts, excluding the children’s account (KinderToekomst Spaarrekening) and the Royal Savings Account (Royaal Rekening), will be lowered by 5 basis points.

The bank is making these changes in response to interest rate movements on the money and capital markets. More information on how interest rates are set is available in this news item. A complete list of ABN AMRO’s current interest rates is available here.

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