Sunday 20 June 2021

The Dutch have €340bn in savings stashed away in banks

Photo: Depositphotos.com

Dutch families had savings totalling €340bn at the end of 2016, a rise of €5.3bn on end 2015, the Dutch central bank said on Friday.

That is the equivalent of nearly €20,000 for each man, woman and child, the central bank said.

Most of the money – 87% – is held by the big Dutch banks but smaller banks have been able to win some market share by offering slightly better interest rates. At the end of last year, the big banks were offering an average of 0.4% on savings, while smaller institutions were tempting savers with 0.85%.

Just 2% of Dutch savings are held by banks with foreign ownership.

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