Business · Economy · 9 hrs ago

Dutch savers stay with major banks despite higher savings rates elsewhere

Dutch savers stay with major banks despite higher savings rates elsewhere

Most Dutch savers keep their money with major banks such as ABN, ING and Rabobank.

Their average savings rate is below 1.5%, while competing banks are offering higher rates to attract customers.

Inflation remains above 3%, so savings held at low rates may lose purchasing power.

Many consumers are therefore missing out on better returns available elsewhere.

Switching banks has not been enough of a draw for most savers, despite the rate differences.

The information provided does not say whether consumers are expected to switch or whether rates will change.

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