How is my MassInterest calculated and paid out?

bunq · Jun 27, 2023

Hey bunqers 🌈,

As you know, with bunq MassInterest you receive an interest rate higher than traditional banks:

Personal Accounts

For 🇪🇺 EUR Savings Accounts

You can earn an annual bonus MassInterest on your savings all year long when you save more than your personalized starting point, called a "threshold." This threshold is based on the highest amount you saved in your account over the past 6 months. It gets calculated twice a year - on January 1 and July 1.

Here’s how it works:

You earn an annual base interest rate, currently 1.76%*, on savings up to your threshold.
If you save more than your threshold, you’ll get the current annual bonus rate of 2.51%* on the extra amount.

If you didn’t have any savings in your account or if you've just joined bunq and opened a Savings Account during the 6-month period before the threshold calculation, your threshold will start at €0. This means you’ll receive the current annual bonus rate of 2.51% on all savings until the next calculation.

* The base rate and the bonus rate are variable and are subject to change.

For 🇺🇸 USD and 🇬🇧 GBP Savings Accounts:
- Annual variable rate of 3.01%*

* The USD and the GBP rates are variable and are subject to change.

Business Accounts

For 🇪🇺 All EEA Residents:
- Annual variable rate of 0.75%*

* The business interest rate is variable and is subject to change.

For 🇺🇸 USD and 🇬🇧 GBP Savings Accounts:
- Annual variable rate of 2.3%*

* The USD and the GBP rates are variable and are subject to change.

Further information about Multi-Currency Savings Accounts can be found here.

Wondering how it’s calculated and how you can foresee your annual MassInterest Rate? Learn more below.

How do we calculate MassInterest?

We take the interest rate, divide it by the number of days in the year, to get a daily interest rate. Then your interest is calculated every day at 23:59 UTC and this is what happens:

We start by taking all the Savings Accounts you have per currency;
We take the balances of all accounts;
We get all the payments made and received during the day;
If you have a Joint Savings Account (fully, legally shared between multiple people), we divide the balance of the account equally by the number of owners;
In a leap year, you'll get a lower interest rate because it has 366 days.

Afterwards, you’ll receive your weekly interest (calculated based on the lowest balance you have in your Savings Account everyday) on your weekly Payday. Further information on how to find it can be seen here.

In case of a disabled Payday toggle, you won’t receive MassInterest.
In case of a negative balance in any of your Bank Accounts, we sum up the total balance of your account. If the total balance of your account is negative, the interest balance is zero for each day until resolved.
If you don’t have enough balance in your Savings Account to generate €0.01, MassInterest won’t be received.

How do I calculate MassInterest for a Personal Account?

The 1.76%* and 2.51%* (depending on the yearly time period), 3.01% (for Multi-Currency Personal Savings Accounts), 2.3% (for Multi-Currency Business Savings Accounts), and 0.75% (for Business accounts) interest rates are annual ones.

🇪🇺 If you're a resident in an European country

Example 1:

Between January and June 2025, your highest savings balance was €5,000. On July 1, 2025, we calculate your threshold, which will be set at €5,000. You’ll earn an annual base interest of 1.76% on savings up to this threshold until December 31, 2025, which equals €88 annually in interest.

Base interest calculation:

Daily interest: €88 ÷ 365 = €0.24109
Weekly interest: €0.24109 × 7 = €1.69

In July 2025, you add an extra €2,000 to your savings, bringing your total balance to €7,000. The extra €2,000, being above your threshold, will earn the current annual bonus interest rate of 2.51%. If you keep this extra amount until December 2025, it will earn €50.2 annually in bonus interest.

Bonus interest calculation:

Daily bonus interest: €50.2 ÷ 365 = €0.13753
Weekly bonus interest: €0.13753 × 7 = €0.96

Total weekly interest:
€1.69 (base interest) + €0.96 (bonus interest) = €2.65 weekly interest.

Example 2:

Between January 1, 2025, and June 30, 2025, your highest savings balance was €10,000. This becomes your threshold for the next period, starting July 1, 2025.

If you withdraw €9,500 from your account before July 1, 2025, leaving only €500 in your savings, your threshold remains €10,000 because it’s based on your highest balance during the previous 6 months.

If you then deposit €9,500 back into your account on July 2, 2025, bringing your total balance back to €10,000, you will only earn the annual base interest rate of 1.76% on your savings. This is because your balance hasn’t exceeded your threshold of €10,000.

To earn the current annual bonus interest rate of 2.51%, your total savings must exceed €10,000 at any point between July 1, 2025, and December 31, 2025. Then, when your threshold is updated on January 1, 2026, it will reflect your new highest balance. For example, if you save an additional €2,000, bringing your total to €12,000, the extra €2,000 will earn the bonus interest rate.

*❗️MassInterest rates are variable and may change. We’ll always inform you in case of change.
Further information can be found here.

Example 3:

You open a Savings Account on April 15, 2025, with a starting threshold of €0. This means you’ll earn the current annual bonus interest rate of 2.51% on all savings until the next threshold calculation date, July 1, 2025. If you deposit €2,000 and keep it in your account until December 31, 2025, it will earn €50.2 annually in bonus interest.

Bonus interest calculation (Before July 1, 2025):

Daily bonus interest: €50.2 ÷ 365 = €0.13753
Weekly bonus interest: €0.13753 × 7 = €0.96

On July 1, 2025, your threshold is recalculated based on your highest balance between April 15, 2025, and June 30, 2025. Since your highest balance was €2,000, your threshold is set to €2,000. If you deposit another €3,000 after July 1, bringing your total balance to €5,000, you’ll earn an annual base rate of 1.76% on the threshold amount of €2,000 and the current annual bonus rate of 2.51% on the additional €3,000.

Base interest calculation:

Annual interest on €2,000: €2,000 × 1.76% = €35.2
Daily interest: €35.2 ÷ 365 = €0.09643
Weekly interest: €0.09643 × 7 = €0.68

Bonus interest calculation:

Annual interest on €3,000: €3,000 × 2.51% = €75.3
Daily bonus interest: €75.3 ÷ 365 = €0.20630
Weekly bonus interest: €0.20630 × 7 = €1.44

Total weekly interest (After July 1,2025):

€0.68 (base interest) + €1.44 (bonus interest) = €2.12 weekly interest.

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If you’re saving in 🇺🇸 USD and 🇬🇧 GBP from a Personal accounts

Users who save in 🇺🇸 USD and 🇬🇧 GBP in their Personal accounts get 3.01% MassInterest. If you have $/￡100,000 in your bunq Savings Account every day, you’ll get $/￡3,710 per year. The interest you earn will be calculated and accrued daily but paid out weekly. This makes $/￡3,710 / 365 = €10.16 per day. Thus, you’ll earn €10.16 x 7 days = €71.12 per week.

How do I calculate MassInterest for a Business Account?

The 0.75% interest rate is an annual interest rate for your Business Savings Account.

When you have €100.000 on your bunq Savings Account every day, then you get €750 per year.
The day in which you will be paid your interest can be seen in your Payday.

The interest you earn will be calculated and accrued daily but paid out weekly. This makes €750 / 365 = €2.05 per day. Thus, you’ll earn €2.05 x 7 days = €14.35 per week.

If you’re saving in 🇺🇸 USD and 🇬🇧 GBP from a Business accounts

Users who save in 🇺🇸 USD and 🇬🇧 GBP in their Business accounts get 2.3% MassInterest. If you have $/￡100,000 on your bunq Savings Account every day, then you get $/￡2,300 per year. The interest you earn will be calculated and accrued daily but paid out weekly. This makes €2,300 / 365 = €6.30 per day. Thus, you’ll earn €6.30 x 7 days = €44.1 per week.

How do I calculate MassInterest for Joint Savings Account [part of Personal Account]?

Every member is receiving the interest rate which applies to them as per country and Savings Account currency or an equally divided part of the total amount from all balances in the Joint Savings Account.

If your Joint Savings Account receives a weekly interest rate of €100 and you co-own it with one more friend you'll each receive interest for €50 each (the interest earned on your Joint Savings Account divided by two).

Keep in mind that for your individual Personal Account you can receive MassInterest up to €100,000. This limit covers your Personal Savings Account/s as well as your Joint Savings Account/s.

What’s the minimum amount I need to have in my Savings Account?

🇪🇺 If you're from an European country

To earn MassInterest on your Payday, you need to have accrued more than €0.005 in total interest by then. This means you need to have earned at least €0.00073 in daily interest over 7 days (calculated as €0.0051 ÷ 7 = €0.00073).

With an annual interest rate of 1.76%*, the daily interest rate is 0.00482% (calculated as 1.76% ÷ 365 days).

To find the minimum deposit required to meet the daily interest goal, divide the daily interest requirement by the daily interest rate: 0.00073 ÷ 0.00482% = €15.15

For simplicity, we recommend rounding up and maintaining at least €16 in savings to ensure you receive an interest payout on your Payday.

*The base rate and the bonus rate are variable and subject to change.

If you’re saving in 🇺🇸 USD and 🇬🇧 GBP from a Personal accounts

To earn MassInterest on your Payday, you need to have accrued more than $/£0.005 in total interest by then. This means you need to earn at least $/£0.00073 in daily interest over 7 days (calculated as $/£0.0051 ÷ 7 = $/£0.00073).

With an annual interest rate of 3.01%, the daily interest rate is 0.00824% (calculated as 3.01% ÷ 365 days).

To find the minimum deposit required to meet the daily interest goal, divide the daily interest requirement by the daily interest rate: $/£0.00073 ÷ 0.00824% = $/£8.86

For simplicity, we recommend rounding up and maintaining at least $/£9 in savings to ensure you receive an interest payout on your Payday.

If you’re saving in 🇺🇸 USD and 🇬🇧 GBP from a Business accounts

To earn MassInterest on your Payday, you need to accrue more than $/￡0.0050 in total interest by then, which means earning at least $/￡0.00073 in daily interest over 7 days (calculated as $/￡0.00073 × 7 = $/￡0.0050).

With an annual interest rate of 2.3%, the daily interest rate is 0.00628% (calculated as 2.3% ÷ 365 days).

To find the minimum deposit required to meet the daily interest goal, divide the daily interest requirement by the daily interest rate: $/￡0.00073 ÷ 0.00630% = $/￡11.58.

For simplicity, we recommend rounding up and maintaining at least $/￡12 in savings to ensure you receive an interest payout on your Payday.

🇪🇺 If you're from any other European country and saving from a Business account

To earn MassInterest on your Payday, you need to accrue more than €0.0050 in total interest by then, which means earning at least €0.00073 in daily interest over 7 days (calculated as €0.00073 × 7 = €0.0050).

With an annual interest rate of 0.75%, the daily interest rate is 0.00205% (calculated as 0.75% ÷ 365 days).

To find the minimum deposit required to meet the daily interest goal, divide the daily interest requirement by the daily interest rate: €0.00073 ÷ 0.00205% = €35.61.

For simplicity, we recommend rounding up and maintaining at least €36 in savings to ensure you receive an interest payout on your Payday.

How can I change my payout Bank Account?

You can only change your payout Bank Account to one of the same currency as your Payday earnings. To do so, follow the steps mentioned below:

Go to 👤 Profile
Scroll down and tap “bunq Payday”
Tap “Paid to” and select the desired Bank Account