A careful approach to investing – with an attractive interest rate

The current variable annual interest rates as of June 11, 2025, are as follows:

• Start package: 1.41%
• Complete package: 1.51%
• Premium package: 1.66%

For simplicity, the displayed variable annual interest rate already includes the variable costs of Peaks and the fund costs: these consist of 0.10% fund costs and variable costs ranging from 0.25% to 0.5% depending on your package.

Please note that the package costs are not included in the variable annual interest rate shown above and are dependent on your package. You can find the package costs here.

With the Peaks Interest account, you invest yourself in an index fund from DWS, one of Europe's largest asset managers. The money in this ETF is held by Deutsche Bank, which pays interest in return. That interest is equal to €STR + 0.085%.

€STR is the European short-term interest rate: the interest rate that European banks charge each other when they borrow money among themselves for a short time (overnight) or hold money for each other. The level of the €STR rate is published every day by the European Central Bank (ECB). When the ECB changes the deposit rate, the €STR rate also changes - and therefore the interest rate on the Peaks Interest account.

Deutsche Bank's ETF receives government and corporate bonds as collateral to protect your money in case Deutsche Bank goes bankrupt. This collateral is worth exactly the same amount as the money in the ETF, and every day fund manager DWS checks if this is still the case. If the daily check shows that the collateral is worth less, Deutsche Bank has to give additional bonds to the fund. Enough so that the two values are equal again.

Should Deutsche Bank go bankrupt, the fund will either have collateralised bonds that can be used to set up a new deal with another bank, or the bonds can be used to repay investors. There is a small risk that if Deutsche Bank defaults, some of the collateral bonds will fall in value. This could cause you to lose (part of) your invested money. Therefore we can't say that your investment is 100% guaranteed, but you do run a very low risk.

The Peaks Interest account is not a savings account, but an investment product. There are different costs and risks associated with the Peaks Interest account than a savings account with a bank.

For instance, the deposit guarantee scheme (depositogarantiestelsel) applies to a savings account. This does not apply to the Peaks Interest account. In this case, a bond collateral provides additional protection. The collateral covers the total value of your investments.

The interest rates you see on this page are annualised. This means that the interest on your balance grows a little each day until you reach the total rate in a year's time.

The Peaks Interest Account is an investment account, so you don't get paid the interest at a specific time.

In order to cash in your return, you'll have to make a withdrawal - effectively selling part of your investment. You don't have to sit out the whole year first; you can make a withdrawal at any time.

The Peaks Interest account is part of your package, for which you pay a fixed monthly fee: €1.99, €2.99 or €4.99, depending on the package you choose. Within your package, you may open several accounts. This can be another Interest account, but also an Investment account, Children's account or Pension account.

The costs of the fund you invest in are 0.10% per year. In addition, you pay variable Peaks charges on the balance on your Interest account: between 0.25% and 0.5% per year, depending on your package. The fund charges and variable Peaks charges have already been deducted from the interest rates we show on this page.

If you deposit or withdraw money from your Peaks Interest account, we don't charge any transaction fees for it. You only pay spread: the difference between the buying and selling price of the ETF on the exchange. These are costs you always pay when you invest. The spread is usually 0.03% to 0.05%.

More about the packages