Our Interest Account, offered by Vivid Money B.V., features a promotional interest rate of 4% p.a* for general Business and Freelancer if you open your Interest Account on or after 2 January 2025. If you open the account before 2 January 2025, the 5% p.a* interest rate applies for the same initial two-month period.

Subsequently, the interest rate will vary according to your selected tariff plan.

The interest rates for EUR deposits are annualised, meaning your balance earns interest daily, gradually reaching the full rate within a year. However, you can top up or withdraw the interest accrued daily at any time.

First, we need to determine your minimum balance in the Interest Account. We charge Interest on the minimum balance on the last working day and disburse the calculated amount the next day.

After calculating the minimum balance, we calculate the interest amount received on the day based on the annualised Interest Rate offered for each tariff plan. The calculated amount is then rounded to four digits, and we divide this value into two parts. The first part will be accrued to your Interest Account balance, while the leftover will be used the next day.

One thing to note, all deposits and withdrawals made over the weekend are recognised in the balance sheet on the next working day. The minimum balance of the last working day before the weekend is carried over to the weekend.

You were onboarded as our business customer and chose the Enterprise+ tariff plan, which offers an interest rate of 3% p.a.

Your business account was opened on January 2nd, and you opened your Interest Account on the same day. The balance of the Interest Account is 0 EUR.

On January 3rd, at 11:00 CET, you deposited 1025 EUR into your Interest Account and withdrew 25 EUR at 14:30 CET. The balance of the Interest Account is 1000 EUR.

We began calculating the interest on January 4th, at 00:01, for your balance on January 3rd, at 00:01 CET, which was 0 EUR. The interest rate applied is 3% p.a, and since the balance is 0, the interest accrued on October 25th is 0 EUR.

Later, on January 4th, at 10:30 CET, you deposited another 500 EUR into your Interest Account, bringing your interest account balance to 1500 EUR.

On January 5th, at 00:01 CET, we calculated the interest for January 4th based on your balance at that time, 1000 EUR (the additional 500 EUR was deposited on January 4th at 10:30 CET). The Interest accrued on January 5th is 0.0943 EUR, rounded to 4 digits. This brings your total balance to 1500.09 EUR, with the 0.0043 EUR carried over to the next day.

On January 6th at 00:01 CET, we calculated the interest for January 6th based on your balance on January 6th at 00:01 CET, which was 1500.0943 EUR. However, on October 27th at 01:30 CET, you withdrew 1500.09 EUR, resulting in your Interest Account balance being 0 EUR. Therefore, on January 7th, although you were supposed to receive 0.1414 EUR plus the leftover from the previous day since the Interest Account balance is less than 5 EUR, the amount you will receive is 0 EUR.

*The rates are fixed but may be subject to change based on market conditions or the company's discretionary decisions. Any changes will be communicated three weeks in advance.

**This rate applies to funds up to €10 million for general Business and up to €100.000 for Freelancers.