ABN AMRO to replace old savings products

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Three piggy banks

It is ABN AMRO’s desire to offer its customers a simple, understandable and inviting range of savings products. To help achieve this goal, effective the end of November the bank will discontinue a number of savings products that are no longer available to new customers, and replace them with the existing Direct Sparen product. The discontinued products – E-SpaarExtra, Gewone SpaarPlus and 65+ Voordeel Spaarrekening – are currently only used by a very small group of customers. They will receive further details from ABN AMRO on 2 October.

Customers will not lose out on interest as a result of the change. The interest rate on Direct Sparen accounts is the same as the highest rate for the discontinued products, and in some cases in fact slightly higher. The terms and conditions for Direct Sparen accounts will be amended at the same time: customers will now receive their interest on a quarterly basis rather than annually, and a single rate of interest will be paid on savings up to €1 million.

Lastly, the names of the Internet Spaarrekening and GroeiGemak Spaarrekening products will be changed to Direct Sparen. Nothing further will change for these customers.

No action is required from the customers themselves. Their account numbers will remain unchanged.

ABN AMRO offers three savings products with flexible withdrawal. It also has special savings products for children, parents and grandparents and investing customers. The bank also offers savings deposits with fixed terms to maturity and fixed rates of interest.
 

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