Hey bunqers 🌈
You can count on us to always give you the best possible interest on your savings.
Although the European Central Bank has lowered interest rates, we are offering you a bonus interest rate of 2.67%* to reward extra savings.
MassInterest for 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 2.01%*, on savings up to your threshold.
- If you save more than your threshold, you’ll get the current annual bonus rate of 2.67%* 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 2.67% 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.
MassInterest for Business accounts
For 🇪🇺 All EEA Residents
- You’ll earn an annual variable rate of 1.05%*.
* The business interest rate is variable and is subject to change.
For 🇺🇸 USD and 🇬🇧 GBP Savings Accounts
- You’ll earn an annual variable rate of 2.3%*.
* The USD and the GBP rate are variable and are subject to change.
How does MassInterest work?
See examples below.
bunq MassInterest is applicable up to 100,000 EUR/GBP/USD for bunq Free, Core, Pro, and Elite users and applies to all Savings Accounts.
The threshold amount is being recalculated twice per year - January 1 and July 1.
There’s no penalty or negative interest for amounts above 100,000 EUR/GBP/USD. However, you won’t earn interest on deposits above this cap. So, if you have 200,000 EUR/GBP/USD in your Savings Account, you’ll receive an interest only on 100,000. The limit applies to each currency separately. So, if you have €100.000 in your Euro Savings Account, you’ll still earn interest in your Multi-Currency Savings Accounts and the other way around.
Euro Savings Accounts are always covered up to €100.000 by the Deposit Guarantee Scheme, no matter what. However, this doesn’t apply to non-Euro Savings Accounts, because the deposits are held by CurrencyCloud.
MassInterest is also applicable for all Savings Accounts owned by minors!
Funds can be withdrawn maximum 2 times per calendar month per currency.
There are no fees for withdrawing from your Savings Account.
MassInterest earnings are paid out on a weekly basis based on your Payday.
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 2.01% on savings up to this threshold until December 31, 2025, which equals €100.50 annually in interest.
Base interest calculation:
- Daily interest: €100.50 ÷ 365 = €0.27534
- Weekly interest: €0.27534 × 7 = €1.92
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 2.67%. If you keep this extra amount until December 2025, it will earn €53.40 annually in bonus interest.
Bonus interest calculation:
- Daily bonus interest: €53.40 ÷ 365 = €0.14630
- Weekly bonus interest: €0.14630 × 7 = €1.02
Total weekly interest:
€1.92 (base interest) + €1.02 (bonus interest) = €2.94 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 January 2, 2025, bringing your total balance back to €10,000, you will only earn the annual base interest rate of 2.01% 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 2.67%, your total savings must exceed €10,000 after the next threshold update on July 1, 2025. 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 2.67% 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 €53.40 annually in bonus interest.
Bonus interest calculation (Before July 1, 2025):
- Daily bonus interest: €53.40 ÷ 365 = €0.14630
- Weekly bonus interest: €0.14630 × 7 = €1.02
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 2.01% on the threshold amount of €2,000 and the current annual bonus rate of 2.67% on the additional €3,000.
Base interest calculation:
- Annual interest on €2,000: €2,000 × 2.01% = €40.20
- Daily interest: €40.20 ÷ 365 = €0.11014
- Weekly interest: €0.11014 × 7 = €0.77
Bonus interest calculation:
- Annual interest on €3,000: €3,000 × 2.67% = €80.10
- Daily bonus interest: €80.10 ÷ 365 = €0.21945
- Weekly bonus interest: €0.21945 × 7 = €1.54
Total weekly interest (After July 1,2025):
€0.77 (base interest) + €1.54 (bonus interest) = €2.31 weekly interest.
How can I see my total MassInterest earnings?
You can easily review your total MassInterest earnings by following the steps below:
- Go to the 🏠Home tab
- Tap on your Savings Account
- Tap on the Interest Rate bubble on the left
What if I don’t want to receive MassInterest?
If you don’t want to receive MassInterest on your account, you can simply disable your Payday toggle by following the steps mentioned here. Keep in mind that by disabling the Payday toggle, you’ll also stop receiving Cashback.
Reporting Interest to Tax Authorities
As a Dutch bank, we report to the Dutch tax authorities. Based on the Common Reporting Standard, the tax authorities of Member States of the European Union cooperate with each other, so the Dutch tax authorities also communicate with the German tax authorities.
This however doesn't mean that you shouldn't report your earned interest in your tax reports. You should still make sure that the interest is reported correctly to the local tax authorities 🙌
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