Bunq’s New High-Interest Term Deposits: The Hidden Goldmine Savers Can’t Afford to Ignore

Bunq’s New High-Interest Term Deposits: The Hidden Goldmine Savers Can’t Afford to Ignore

Ever wondered if your savings could do the heavy lifting for you, effortlessly? Well, Bunq just threw down the gauntlet with their new Term Deposits, flaunting some of the juiciest guaranteed interest rates out there—think up to 2.11% for a 12-month stash. But here’s the kicker: this isn’t your grandma’s boring old savings account. Bunq’s mixing traditional saving with slick crypto features, like auto round-ups that funnel your spare change straight into the crypto market, plus instant alerts to keep you sharp on your coin movements. It’s like watching your money hustle around the clock, without you breaking a sweat. Trust me, in this wild fintech world, Bunq’s new offerings could be the game changer we all need to actually take control of our cash and watch it grow—safe, sound, and a little bit edgy too. Ready to dive in? LEARN MORE

Digital banking app Bunq has announced the launch of Term Deposits, a new savings option with some of the highest returns currently available.

Bunq users can save their money for a fixed period and benefit from higher guaranteed interest rates of 1.76% for three-month deposits, 1.86% for six-month deposits, 2.11% for 12-month deposits and 1.91% for 24-month deposits.

The announcement was made at a Bunq event in Amsterdam, during which the company launched an expansion of its Auto Round Up features for cryptocurrency.

Every purchase can be set to round up to the nearest euro, with the spare change now automatically invested in crypto.

Bunq has also introduced instant crypto alerts, and those with an active crypto wallet will automatically be notified when coins in their favourites list rise or fall by more than 5% within 24 hours or hit a new all-time high.

Additional alerts notify users when their coins pass round-number milestones, offering insights on changes without the need to constantly check the price chart.

“At bunq, we make it easy to grow your wealth in a way that’s both safe and secure,” said Bunq’s Joe Wilson

“We give our users an easy-to-use, regulated environment where savings and crypto live side-by-side, so they can take control of their money and shape the future they want.” 

bunq
Bunq has launched a 2.11% interest 12-month term deposit.

Bunq became the first bank to receive a European banking permit for more than 35 years in 2014 and raised the largest Series A round ever for a European fintech (€193m) in 2021.

(Pic: File)

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