Cash Drawer

The Cash Drawer is a deposit that offers a variety of ways to maximise your savings with a minimum of effort. You also earn interest on the money you save in the deposit, growing your nest egg even more.

You can set up automatic transfers and/or deposit money yourself in the following ways:

• round up payments with the difference being deposited in the Cash Drawer – for example, if you make a purchase of €4.60, you can pay €5.00 and have the leftover 40 cents transferred to the deposit.
• have a fixed amount deposited in the Cash Drawer from every purchase – if you don’t want to round up, you can choose a set amount yourself. For example, you can have 20 cents transferred to your deposit every time you perform a transaction from your current account.
• set up a standing order – you can choose a fixed amount to have transferred to the Cash Drawer, for example at the start of each week or month.
• one-off deposits – If you’d like to add to your nest egg at any time, you can easily do so by making a direct transfer.

You can also choose how you make automatic payments into your deposit, with money being transferred from all transactions or, for example, only when you pay by card or from a combination of transactions and transfers that aren’t card payments. How you go about saving is completely flexible, and you can set it up (and change it) quickly and easily in our app. Payments into the Cash Drawer can also be made by third parties via a bank transfer on the basis of a payment order.

The savings in your deposit will earn 2% interest. We pay this out in accordance with our price list, which you can find here. In calculating interest we take as its basis the balance of the Cash Drawer at the end of each calendar day, the number of days the deposit has been maintained and the calendar year, which is considered to be 365 days. We pay interest to the Cash Drawer account once a month, from which we also automatically deduct income tax. If the Cash Drawer agreement is terminated prior to the end of a month, no interest is paid for that month.

You can maintain your deposit for as long as you like.

Anyone from the age of 7 can get themselves a Cash Drawer deposit.

You can have your savings transferred to your account for use the next day free of charge. If you’d like to use the money straight away, you can do so for a fee of €5.00 (as set out in our price list).

You’ll find the standard terms and conditions of the Cash Drawer here.