With 2.5% interest on your cash, interest paid monthly, and no minimum deposit, Scalable’s new Overnight account is here to boost your savings.
If your savings are parked at a Dutch bank, there’s a very good chance they’re earning far less than they could be. The solution is simple: switching to a savings platform that offers you better rates.
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Meet Scalable Capital’s 2.5% Overnight account
With no minimum deposit, no fixed term, and no nasty surprises buried in the fine print, Scalable’s new high-interest account is a very welcome breath of fresh air.
Thanks to a generous 2.5% (versus the 1–1.5% on offer at most Dutch banks), you’re looking at a much higher return on your savings. Let’s put that into concrete terms:
- If you save €5,000 with Scalable, you’ll earn €125 at the end of the year. With a regular Dutch bank, you’ll earn between €50 to €75.
- If you save €10,000 with Scalable, you’ll earn around €250. With a regular Dutch bank, that figure would be around €100 to €150.
That’s a meaningful gap, especially if you’re holding even larger balances.
We’re also big fans of how the Overnight account lets you put uninvested cash to use. Whether you’re wary of dipping a toe in the world of investing or just want to build up an emergency fund, Scalable offers you a platform to earn high interest on that cash.
Access higher interest rates, without giving up flexibility
In the Netherlands, higher interest rates often come with additional strings attached.
Fixed-term deposits (deposito’s) can generally get you better rates than regular savings accounts, but you’ll be locking your money away for months or even years.
With Scalable Capital’s Overnight Account, you get the best of both worlds: high interest rates and unfettered access to your cash. Interest is calculated daily and paid monthly — and you can withdraw at any time, with no minimum amount required.
And if you’re not yet a Scalable Capital client, opening an account is fully digital, completely free, and takes less than a minute.
Built for modern savers (and investors)
If you thought Scalable’s generous 2.5% interest rate was its most attractive feature, you’ve barely brushed the tip of the iceberg.
In addition to its savings options, it’s a full investment platform — covering ETFs, stocks, crypto, bonds, savings plans, and more.
With a cash account built right in, transfers between Scalable’s savings account and its trading wallet are instant, so your money can keep earning interest right up until the moment you need it for an investment.
In other words, you can say “doei” to idle cash sitting in a brokerage clearing account earning nothing while you decide what to do with it. 😉
This makes it an ideal fit for:
- savers, who are sick of getting shortchanged by the big Dutch banks,
- investors, who just want to put their uninvested cash to use,
- or just someone who’d like to build a financial cushion, without sacrificing flexibility for a marginally better rate than those offered by traditional banks.
Is Scalable’s Overnight account really worth it?
Oké, let’s get to the burning question: is signing up for Scalable’s Overnight account really worth the 2.5% interest you’d receive?
As a team of internationals who’ve spent long enough watching traditional Dutch banks pay out next to nothing, we found that this account offers a straightforward, low-effort upgrade.
READ MORE | I invested in stocks with Scalable Capital: here’s my experience
It’s accessible with Scalable’s free plan, with no minimum or maximum deposit limits, so we didn’t need to opt for a PRIME+ subscription.
Safety was another factor for us to consider. However, with a statutory deposit guarantee up to €100,000, our cash and money market funds are protected by both Scalable and its partner banks.
Of course, with this being an investment account, there are a few things to know before you sign up:
- The rate is variable: The interest rate can shift depending on market conditions, so it’s worth keeping an eye on it. However, that being said, the same is true of Dutch savings accounts.
- It won’t replace your regular betaalrekening: You’ll still need a Dutch current account for things like direct debit payments and Tikkie. You can think of the Overnight Account as a home for your savings, not your day-to-day spending.
Are you still keeping your savings in a Dutch bank account, or have you switched to a platform that pays better? Let us know in the comments.