What is the interest rate on Bunq Term Deposit (12mo)?
Bunq Term Deposit (12mo) pays 2.11% AER. After 33% DIRT tax, the effective rate is 1.41%.
Bunq Term Deposit (12mo)
2.11% AER - Fixed Term savings account from Bunq. 1.41% after 33% DIRT tax.
Account Details
- Interest Rate: 2.11% AER (1.41% after DIRT)
- Account Type: Fixed Term
- Access: Fixed for 1 year
- Minimum Deposit: €500
- Maximum Deposit: €100,000
- Deposit Protection: Dutch DGS
- Provider: Bunq
Notes: Fixed term deposit. App-based. DIRT not auto-deducted - self-declare on tax return.
Interest Calculator
Estimated annual interest at 2.11% AER:
- €1,000 → €21.10 gross (€14.14 after DIRT)
- €5,000 → €105.50 gross (€70.68 after DIRT)
- €10,000 → €211.00 gross (€141.37 after DIRT)
Use our savings calculator for detailed projections.
About Bunq
Dutch digital bank. App-based. No DIRT auto-deduction.
Website: https://www.bunq.com/
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Frequently Asked Questions
Is my money protected with Bunq?
Yes, deposits are protected under Dutch DGS. This provides protection up to €100,000 under EU deposit guarantee rules.
How do I open this account?
Download the Bunq app and complete ID verification. The process is fully digital.
Can I withdraw early from a fixed term account?
Fixed term accounts typically don't allow early withdrawals, or may charge penalties. Fixed for 1 year. Check the specific terms before opening.
Do I have to pay tax on the interest?
Yes, interest is subject to 33% DIRT (Deposit Interest Retention Tax). Bunq does not deduct DIRT automatically - you must declare it in your tax return.
More Information
- Compare all savings accounts: https://smartsaver.ie/savings
- All Bunq accounts: https://smartsaver.ie/savings/provider/bunq
- Savings calculator: https://smartsaver.ie/savings/tools/savings-growth
- Bunq website: https://www.bunq.com/