This online savings platform is the solution to the Netherlands’ stingy savings rates

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Interest rates in the Netherlands are at an all-time low with most Dutch banks only offering 0.01% and some even charging negative interest! 

For those of us who have hoarded our cash, there are few options to earn money on our savings in the Netherlands — which is dang ridiculous.

But hol’ up, cash collectors! There’s a solution that has come to town. Raisin gets you access to the best interest rates across the EU — no joke. You can store your money where it can really grow! 

What is Raisin? 

First things first, allow us to introduce you. Raisin is a savings marketplace — and it’s perfect for internationals on the lookout for the EU’s best savings products.

We hear you: what the hell is a savings marketplace? Basically, Raisin is a savings broker that lets you put your savings into accounts of banks across the EU — without you having to leave your home, deal with language barriers, or remember login information for 10 different banks.  

Photo-of-woman-using-online-banking-dsavings-platform-Raisin-to-manage-her-savings
Looking for a safe, online space to manage your savings? Raisin may be the answer for you. Image: DragonImages/Depositphotos

Let’s put it this way: you have money in the Netherlands, but most Dutch interest rates are not worth your money (yeah, that’s right, you do deserve better!) You join Raisin and find a bank somewhere else in Europe. Suddenly, you could be getting up to 35 times the Dutch interest rate!

Raisin has proven themselves popular because they give you access to these banks and their interest rates (without needing to worry about living in that country). Savings accounts can be opened and managed fully online, and they’ve even arranged deals with banks to offer their clients a collection of the best interest rates in the EU — baller. 

Why should you use Raisin as an international in the Netherlands?

If you’re reading this article, you’re likely an international in the Netherlands, just like us! So here’s what attracted us to Raisin — and why it may just be the right option for you. 

Get exclusive access to the best interest rates

With Raisin, you have a wide range of savings accounts to choose from and you can rest easy knowing that the deposited amount(s) will only ever grow — not decline. Raisin is tirelessly looking to find you the best interest rates that EU international banks have to offer.

Choose from a broad portfolio of savings accounts

Whether you’re looking for the security of high, fixed rates on term deposits, or good interest rates with maximum flexibility on overnight savings, Raisin can offer all of the above. Not sure what the heck any of that means? Let’s break it down for you. 

Raisin offers three types of savings products for international savers:

Overnight money accounts 

No, this isn’t somewhere for you to put your cash while you sleep. An overnight money account is essentially an account that you can open, add to, or withdraw from at any time, anywhere — and you can start using it immediately. It’s the most flexible option and is accessible to all as you only need €1 to open the account! (Checks back pocket, yep, we’re good to go!)

Currently, Renault Bank offers a freely withdrawable savings account with an interest rate of 0.35% per annum exclusively through Raisin — that’s 35 times the standard interest rate!

Term deposits

A term deposit account is slightly more structured and less flexible than an overnight money account. You deposit a fixed amount of money for a fixed amount of time. Usually, this means you cannot add or withdraw money from the account during the term but it also means that the bank is willing to offer you a higher fixed interest rate!

Savings accounts with conditions 

Landing somewhere between the above two options in terms of flexibility is the option to open a savings account with conditions. With this option, you can deposit a fixed amount that can only be withdrawn in its entirety. There is no fixed term for the account but there is a short notice period if you do decide to withdraw the deposit. 

Unsure of which account to take out? Check out this helpful overview and comparison.

What all three of the above options have in common is simple — some of the highest interest rates that EU banks have to offer!  

Set up multiple savings accounts with banks across the EU

What’s more, through one single Raisin account, you can set up as many savings accounts with as many banks across the EU as you want — completely for free.

Yep, that’s right. There are no costs involved in setting up your Raisin account. In fact, they will even cover the costs of any international Euro transfers that you may have to make upon choosing a term deposit account! 

Receive an extra €100 to get you started

In fact, not only is setting up an account going to cost you nothing, you will actually be given money! Raisin gets your savings off to a flying start by giving you up to €100 cash bonus when you open your first savings account.

On top of that, if you’re reading this piece, you’ve really hit the jackpot! Psssst: DutchReview has teamed up with Raisin to offer you an additional €25 bonus when you set up a new savings account and fund it with €5000 or more for a minimum of 6 months through our site!

How to enjoy DutchReview’s special bonus offer

It’s easy!

  • Follow this link
  • Use the bonus code: DUTCHREVIEW25 whilst setting up your account
  • Enjoy your new savings account with a €100 cash bonus PLUS an additional €25 present!

NOTE: This offer lasts until September 20, 2021.

All across the EU, your money is guaranteed up to €100,000

While your savings may be off backpacking in a (for example) French or Estonian bank account, you can take a relaxing breath and know that, while your savings are off getting cultured, they won’t disappear on you. 

Anything up to €100,000 per account holder per bank (or the equivalent amount in local currency) will be protected by national, statutory deposit guarantee schemes in accordance with EU guidelines — no matter what happens to the bank where your money is lodged. 

Allow your savings to grow — without the risk of investing

If we’ve learned anything in the past year, it’s that the world can be a pretty unpredictable place. It makes the prospect of investing in property or the stock market all the more unappealing. 

However, it’s good to know that, thanks to high-interest rates, your money can continue to grow steadily in value once you place it in a savings account with Raisin. You can leave your money be, and watch your balance rise — and no rebellion on Reddit or a tweet by Elon Musk will change that. 

TIP: If you’re looking to find some of the best fixed interest rates, Raisin also has some pretty sweet deals with Inbank and Banca Progetto!

Handle your savings completely online 

If you’ve been an international with a bank account in a different country then you know the struggle of trying to update your personal information or making international transactions — things just aren’t as simple as using online banking. 

Photo-of-woman-sitting-at-desk-looking-at-laptop-using-Raisin-banking-online-savings-platform-in-Netherlands
You can set up an account with Raisin for free — and manage your savings all from the comfort of your own home! Image: Savenkomasha.gmail.com/Depositphotos

With Raisin, you won’t be expected to fly across the world to handle simple matters — it’s all online, no trips to the bank needed. 

Sign me up! 

Finally found a place that your savings can call home? We’re glad. You can open up a free account with Raisin now in three easy steps.

  1. Create an account* — You can register your account by filling your details into the provided form. 
  2. Login — Once you have selected your username and password, login and identify yourself. 
  3. Send on your proof of address — Upload or email something that verifies your address. 


Their website also offers all its key documents in Dutch and English, and you don’t have to worry about getting lost in translation — their customer service will operate in English if that’s your preference!

Listen, we know managing your finances is hard, especially when you’re trying to do so in a foreign country — but that’s why services such as Raisin exist. You got this! 💪

Have you tried Raisin before? Tell us about your experience in the comments below! 

* Residents of the United States of America (USA), so-called Permanent Residents, as well as holders of a Green Card (anyone who is considered a “US person”) are not entitled to access the offers due to extensive regulations regarding the transfer of data under FATCA regulation.

Feature Image: AlleSerebrina/Depositphoto

Sarah O'Leary 🇮🇪
Sarah originally arrived in the Netherlands due to an inability to make her own decisions — she was simply told by her mother to choose the Netherlands for Erasmus. Life here has been challenging (have you heard the language) but brilliant for Sarah, and she loves to write about it. When Sarah is not acting as a safety threat to herself and others (cycling), you can find her sitting in a corner of Leiden with a coffee, trying to sound witty.

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What do you think?

6 COMMENTS

  1. I recently signed up and was disappointed to discover that all of the site and mos of the app is in Dutch, with no way of getting key information in English. Chrome won’t automatically translate some of the key pages (including those that you need to understand fully to sign up for a specific product, including dropdown boxes). Customer services confirmed this today. “Unfortenatelly (sic) our website is only available in Dutch. We don’t have this option on our website to choose another language. We are very sorry to have to inform you this.” I Please revise your article accordingly. Thanks.

  2. Hi Edwin,

    Thanks for informing us about the error in the article and apologies for the inconvenience it may have caused. The website is indeed, besides the key documents, only available in Dutch. The article is updated now.

    Kind regards,

    The Raisin team

  3. Hi All
    It also worth mentioning that, according to Raisin support, the code provided is only available once you send €5000 in a period of 6 months.
    I have signed up as I’ve got interested on testing the platform and got disappointed to see this would not work as the article says.

  4. Hello All
    Not sure why, but my previous comment was deleted.
    When creating my Raisin account, I tried using the promo code provided in this article and didn’t receive the bonus appointed.
    In contact with Raisin support, they have told me the bonus is only applicable for when you reach a €5000 threshold of money added to your Raisin account within 6 months, which is not mentioned anywhere.
    I believe this is a very important information that should be shared with those who are trying to use the suggested platform.

    • Hi Rafael,

      Thanks for your comment, this requirement is stated in the terms and conditions provided in the link. We have added it to the article for additional clarity!

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