interest rate

Rabobank
May 20 '20 11:00

Rabobank expects that the coronavirus crisis will have a "significant" impact on the bank's profits for 2020. Income will be lower and the bank thinks it will have to set aside about 2 billion euros for bad loans, more than double the bank set aside last year, Rabobank said in an update on Wednesday, RTL NIeuws reports.

The Zuidas, Amsterdam’s large commercial business district, was virtually abandoned. 19 March 2020
Apr 4 '20 13:44

Finance Minister Wopke Hoekstra has called on Dutch banks to reduce the interest rates they charge on overdraft payments in a new move designed to financially support consumers in the wake of the coronavirus crisis. In an interview, Hoekstra told De Telegraaf newspaper that supporting people “is evidently about reducing those percentages,” which are currently “very substantial.”

Rabobank
Feb 11 '20 09:17

Rabobank customers with more than 1 million euros in their savings accounts will soon have to pay to keep their money in the bank. The bank is implementing a savings interest rate of -0.5 percent on savings accounts with more than a million euros as of July 1st or private customers, and as of May 1st for business customers, RTL Nieuws reports.

Savings
Feb 5 '20 08:44

Households in the Netherlands have a total of 368 billion euros in savings built up, 12 billion euro more than a year ago, the Dutch central bank DNB announced on Wednesday, De Telegraaf reports.

Netherlands residents continue to save, even with the extremely low interest rate on savings. Both ING and ABN Amro have lowered savings interest to 0.0 on large savings accounts.

ING Bank
Jan 31 '20 13:50

Banking institution ING has become the second bank in the Netherlands to charge a negative interest rate on certain savings accounts. Customers will face a -0.50 percent interest rate for any amount in an account above one million euros, the bank said on Friday.

The policy will affect about 6,400 current clients. The negative rate is charged per account, and not per customer.

ING Bank
Aug 2 '19 13:20

ING customers are furious by the prospect of their bank maybe charging negative interest on their savings accounts. CEO Ralph Hamers mentioned this as an option to cushion the blow should the European Central Bank decide to cut interest rates again, RTL Z reports.

Crowdfunding
Jun 5 '19 13:20

Dozens of small companies that received crowdfunding from commercial platforms in the form of a loan, went bankrupt a short time later, according to a study by investigative journalism platform Investico, Trouw and De Groene Amsterdammer. The companies end up in financial troubles due to the high costs involved in repaying their loans, Trouw writes.

Student loan application
May 29 '19 14:20

The government's plan to increase interest rates on student loans will almost certainly fail in the Eerste Kamer, the Dutch Senate. Former VVD Senator Anne-Wil Duthler is increasingly critical of the plan, and support from the D66 also seems to be crumbling, NOS reports. The student loan system is also causing friction within GroenLinks. 

Students
May 20 '19 09:38

Increasing the interest on student loans is contrary to an international treaty that the Netherlands signed, according to student organizations ISO and LSR. They call on Minister Ingrid van Engelshoven of Education to withdraw the legislative proposal that regulates this interest increase. If she does not, the organizations  will call on the Senate to stop it or take "legal action", NOS reports.

800px-A_photo_of_students_walking_over_the_bridge_on_the_campus_Roeterseiland,_Amsterdam;_high_resolution_image_by_FotoDutch_in_June_2013
Sep 7 '18 08:55

The Dutch government wants to increase the interest on student loans as of 2020, according to a legislative proposal sent to the Tweede Kamer, the lower house of Dutch parliament, last week. The measure must bring 226 million euros into the treasury, and is intended to keep the loan system affordable, ANP reports.

houe for sale/sold sign
Jul 5 '18 14:20

ABN Amro expects that home prices in the Netherlands will increase by an average of 8.5 percent this year and 7 percent next year, instead of the bank's previous predictions of 8 and 5 percent respectively. According to the bank, interest rates will remain low for the time being, resulting in housing prices increasing faster than previously expected, ANP reports.

Euronext Amsterdam stock exchange
Feb 6 '18 10:06

The stock exchanges in Europe opened with strong minuses on Tuesday following heavy exchange losses in Asia and on Wall Street. The AEX index on Beursplein 5 in Amsterdam recorded 3.5 percent lower at 523.69 points shortly after start of trading. All 25 main funds were in the red, AD reports. 

The MidKap plunged 3.8 percent to 785.67 points and the stock exchanges in London, Paris and Frankfurt saw a 3 percent drop in value.

houe for sale/sold sign
Apr 25 '17 11:15

Home buyers with a mortgage that has a longer fixed interest rate period are often misled by the so-called moving scheme, according to the own home association VEH. New buyers who sign a mortgage with National Mortgage Guarantee and an interest rate period of 20 or 30 years, get duped when the move to a home that is not eligible for the National Mortgage Guarantee, the VEH said on Tuesday, NU.nl reports.

The association examined the moving conditions of 35 mortgage providers and concluded that clients of ING, bijBouwe, Allianz and Hypotrust Goede Start all fall into this trap. 

800px-Oficina_Triodos_Bank_A_Coruña_Galiza_Spain_wGL
Mar 22 '17 08:51

Triodos bank is the first Dutch bank to drop its interest rate to 0.0 percent. From April Triodos customers will no longer get any interest on their regular internet savings account, NOS reports. Triodos already had the lowest interest rate of all Dutch banks. In October the bank lowered its interest rate to 0.1 percent. 

Lecture Hall
Oct 26 '16 11:35

For the first time ever the interest rate on study loans is dropping to 0 percent next year, a spokesperson for education executive agency DUO confirmed to NU.nl. 

Students who finish their studies this year will not have to pay interest on their study loans for the next five years. The 0 percent interest rate also applies to former students who are starting a new fixed interest period of five years in 2017.

no image
Feb 25 '16 09:41

For the first time in history 10-year-fixed-mortgage interest rates fell below 2 percent at a number of providers, according to figures from De Hypotheekshop. Home buyers could not wish to be luckier than with this unprecedented low mortgage rate, which is expected to fuel the housing boom

interest rates
Dec 3 '15 13:10

The interest rate on student loans next year is fixed at 0.01 percent, according to an overview of student financing institution Duo's new interest rates

no image
May 12 '15 14:50

ABN Amro is recalculating the fine charged for prematurely repaying mortgages, the bank reported today in response to a Tuesday's broadcast of TV program Radar. Some customers complained that they had to pay a heavy fine to pay off their mortgage or when refinancing their loan.

Money
Apr 24 '15 17:29

ABN Amro and ING announced a decrease in their savings account interest rates on Friday. The Dutch banks will both drop their rate from one percent to 0.9 percent in the last week of April.

Saving_money
Mar 13 '15 11:00

Rabobank is lowering its savings interest rates to 0.9 percent next week. With this Rabobank is the first large Dutch bank to drop its savings interest below 1 percent, De Telegraaf reports.

Feb 12 '15 10:57

Inflation in the Netherlands decreased to the lowest level in 27 years in January, with the average price increase coming out at exactly 0 percent. The average interest rate also decreased to 0.5 percent in January (0.8 percent in December 2014), the lowest since the start of De Nederlandsche Bank's (DNB) time series in mid 1986.

Rabobank
Feb 2 '15 17:09

Mortgages will likely be much more expensive in the near future, warns Dutch retail bank Rabobank. The rates are expected to increase because of stricter government regulations, the firm's representative told Financieele Dagblad.

Nov 4 '14 13:29

According to Statistics Netherlands, the interest rate in the Netherlands is at its lowest since the beginning of the time series of De Nederlandsche Bank (DNB) mid 1986.

making money
Sep 30 '14 10:19

The Dutch in general are conscious and careful about their money. According to results from the annual monitor from Wiser in Money Affairs, the past year has seen an improvement in the way people organize their finances, the NOS reports.

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