ABN Amro joins ING in lowering savings account interest rate

ABN Amro is the latest bank to lower its interest rate on savings accounts. From next month, savers will only receive 1.25 percent interest on savings balances of up to 500,000 euros. This is a decrease on the current figure, which is 1.5 percent. The lowering of the interest rates will apply to price and business saving accounts. The interest rate on children’s savings accounts will drop by a quarter of a percentage point.ING also lowered their interest rates earlier this month, also to 1.25 percent. It was the first time since autumn 2023 that the bank had done so.