Hey bunqers 🌈
We have some awesome news for you - we’re raising MassInterest from 0.09% to 0.27%!
As of October 1, 2022, you'll earn 3 times more interest than before, and 27 times more interest than you would at a traditional bank 🦄
Why am I getting higher interest, what happened?
In order to give you full control over the money you keep at bunq, we store large parts of it at the European Central Bank (ECB). Since the ECB recently announced a raise in its interest rates, this means the costs of storing your money at the ECB have gone down.
Because bunq is a bank built for and by its users, we immediately followed the ECB's interest raise by increasing your interest as well right away.
Explore more bunq knowledge here 🌈