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Rabobank, ABN AMRO, and ING: Interest Rate Increase and Outlook in 2022

Depositors at Rabobank will receive a higher interest rate from 17 July. The interest rate goes from 1 percent to 1.25 percent. In doing so, the bank is following the example of ABN AMRO.

ING has not yet announced an interest rate increase, but the three banks quickly followed each other in the previous three interest rate increases this year.

Rabobank and ABN AMRO raised interest rates again after the European Central Bank (ECB) also raised its main interest rate in mid-June to combat inflation.

The ECB interest rate ultimately affects interest rates for savings and loans from banks. The ECB is expected to raise interest rates in July and again after the summer.

Since the beginning of December 2022, savers at the three major banks have been receiving interest on their savings again. Until then, interest rates at those banks had been close to zero; namely 0.01 percent. This year they also raised their interest rates in February, May and June.

The interest rates at the major banks are not yet really a fat pot. You often get higher rates at foreign banks and contra accounts of investment institutions where you can also receive savings interest. They offer up to a maximum of 2.4 percent interest for instant savings.

2023-06-29 08:23:39
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