bunq is now offering a limited-time term deposit with 2.51% annual interest, timed perfectly to make the most of your vakantiegeld (holiday allowance).
Each May, Dutch employers pay out vakantiegeld, which typically amounts to around 8% of your annual gross salary. For many, it can be difficult to decide what to do with the lump sum that’s just boosted your bank account.
Putting your funds in a term deposit is one money-savvy option — and Dutch neobank bunq is currently running a limited-time promotion rate to make saving even more attractive.
So, what exactly is bunq offering?
Between May 22 and June 14, 2026, bunq is offering a fixed annual interest rate of 2.51% on six-month term deposits.
If you’re sick of changeable Dutch interest rates, the good news is that bunq’s fixed annual rates really mean fixed. Whatever happens to their interest rates while your money is locked away, your return stays exactly as agreed upon on day one.
What is a term deposit?
A term deposit, also known as a termijndeposito or spaardeposito in Dutch, is a straightforward alternative to regular savings accounts.
You deposit a fixed amount for a set period and receive a guaranteed interest rate for the duration. As the rate for term deposits is typically locked in from day one, it won’t drop if your bank adjusts its rates mid-term.
You just lock in your money, leave it alone for six months, and collect your deposit (plus interest!) when the term ends, paid directly to your main bunq account.
Sure, it’s not life-changing money, but it’s cash that most of us would prefer not to leave on the table.
Here’s how to get your 2.51%
The offer is open to any personal bunq account holder aged 18 or over, on any plan — even if you’re on their free tier. (Helaas, business accounts aren’t eligible.)
You just:
- Create a bunq account (or log into your app if you’re already a bunq customer),
- Open a bunq Term Deposit between May 22 and June 14, 2026, and
- Make your deposit.
Don’t have a lot of cash to spare? As you can deposit anywhere between a minimum of €1,000 and a maximum of €10,000, there’s plenty of wiggle room available.
Is bunq’s new promo right for me?
While the offer is pitched around the vakantiegeld season, this promotion applies to anyone sitting on a lump sum they won’t need for six months. (Right in time for the Christmas season!)
That might be holiday allowance you’d rather not spend impulsively, savings earning nothing in a current account, or money set aside for something specific (such as a house deposit) that’s still a few months off.
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However, if there’s any chance you’ll need the money before December, a term deposit probably isn’t the right fit. Early withdrawals come with penalties, and you can’t access the funds mid-term.
Good to know: If term deposits aren’t for you, bunq also has regular savings accounts, offering you interest up to 2.01%. That’s much higher than traditional Dutch banks, with the option to withdraw your cash whenever you please.
For the rest of us, bunq’s new offer is a handy way of giving your savings a much-needed boost. Learn more.
Are you planning to do something deliberate with your vakantiegeld this year, or does it always seem to spend itself? Let us know in the comments.
Disclaimer: bunq B.V. is licensed by the Dutch Central Bank (DNB) and the Authority for the Financial Markets (AFM). Not investment advice. 2.51% fixed annual interest rate for 6 months. Minimum deposit €1,000 and maximum deposit is €10,000. Interest paid at maturity. Early withdrawal penalties may apply. Promotional period is from May 22, 2026, to June 14, 2026. Subject to availability. T&Cs apply.