Dutch Continue to Save Money, Despite Low Interest Rates
In January 2008, households savings in banks in the Netherlands were worth 251 billion euros. By March 2017, the savings of private individuals had increased to 342 billion euros. The almost continuously upward trend is perhaps surprising, considering the low interest rates in the Netherlands. An earlier infographic already showed how locking money away is barely worthwhile anymore in the Netherlands, when the highest interest rates of 20-years fixed-term saving accounts are no more than 1.90 percent in the most favorable case. As interest rates continue to be low and there is even talk of negative rates in the future, investing money becomes an increasingly lucrative option. But for now, the Dutch continue to save.
This chart displays the total value of household savings in banks in the Netherlands from 2008 to 2017 (in billion euros).
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