Can you explain how this works exactly. I went on their help and am no wiser. Very confusing!
Bunq Paying 2.01%-2.67% Instant Access & No Fees
- Thread starter Lightning
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Explained here:
Best Buy - Instant Access & Notice Deposit Accounts
Rates are frequently updated. Information last changed: 31 March 2025. Highest Instant Access Rate Without Fees & Excluding Introduction Rates: €1+ - Trading212 - 2.70% Selected Instant Access & Notice & Money Market Products: Advanzia Bank 2.73% "Special Rate" on €1+ (with €5,000 initial...
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It’s difficult to explain and cover all possibilities (New Customer, Existing Customer, which time period, what balance etc)
Let’s simplify it. Looking forward to the period Jan-June 2025:
If you are an existing BUNQ customer, you will receive 2.01% on any savings in Jan-June 2025 where your balance is less than or equal to the highest balance you had in the period July-December 2024. You will receive 3.36% in Jan-June 2025 on any balance above this figure.
If you are a new customer, you will receive 3.36% on your entire balance during the period Jan-June 2025 for lodgements on or after 1st Jan 2025 (as you had no balance in the period July-December 2024)
The clock resets on 1st July 2025
I hope this helps, and if you have further questions or this doesn’t cover your situation please post a follow up.
Note that these rates (both 2.01% and 3.36%) are variable and may change at any time. They are not locked and are not guaranteed.
I did the same, withdrawing my money during last July. I had presumed that being that I hadn't actually withdrawn the funds prior to July that the 2025 rate would be only 2.16% on the majority of funds (being that my funds were really only moved out mid July), but I see the rate says 3.36% now. I am keen to know if it will now allow that percentage on any funds I place. It's an odd system. I'll deposit a smaller sum and see what transpires.
Ah, I thought that might be the case. It's a pity I didn't drain the account prior to July. Thanks for the clarification. A little bit of false advertising on Bunq's behalf with how they display the rate on the app.
Thanks Lightning, was paying only superficial attention to the bunq rate until reading your post above.....see they mention up to 3.36%
Teach me to pay attention in future. Off to Trade Republic for 3% as have close to 50k looking for a suitable investment.
Teach me to pay attention in future. Off to Trade Republic for 3% as have close to 50k looking for a suitable investment.
irishfinanceguy
Registered User
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I have the app and notice nothing has changed on the app, I'd say its pushing the boundaries of false advertising, on the app it just states interest = 3.36% misleading to say the least...
Just tap the rate, and it'll tell you what amounts each rate applies to
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Interest display in the BUNQ App looks perfectly fine to me and is better by far than anything available from an Irish bank, not that their demand interest rate is worth bothering about anyway.
On the Savings display in the App, the rate is clearly displayed as "Up to 3.36%" (Left panel below). And if you click on this line, the interest rate as it applies to your account is displayed (Right panel below). Absolutely nothing false or misleading there, couldn't be clearer in fact. Maybe you need to update your app or something ?
irishfinanceguy
Registered User
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- 201
So this only just updated, interestingly I couldnt access the app all day lol it wouldn't load, it is now showing this up to …
Before this it was just showing 3.36% so it obviously just took a day or two to load after the 1st jan, my concern was it was not udpated post 1st jan when checked but now it is resolved
You should set your phone to automatically update your apps (or your banking apps at the very least). That feature has been there for months.
Thanks - best buys updated.
The product called Free is a savings account too.
You probably know this, but even trade Republic is better now that Bunq at 3%.
Advanzia maybe better again depending on when account set up.
As ever, the Best Buys kindly and diligently kept updated by @Lightning have all the details...
Best Buy - Savings Best Buys
Savings Best Buys: There are 3 savings best buy threads on AskAboutMoney that are updated frequently. Instant Access and Notice Accounts - Lump sum variable rate savings. Fixed Term Deposits - Fixed Lump Sum Term Deposits from a few months to a few years. Regular Savings - Smaller sum...
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