{"type":"document","data":{"id":"a3358847-b702-45f3-a682-ad6b0a973f33","localeString":"en-GB","publishDate":"2025-07-23T15:50:08.106+02:00","contentType":"onecms:productPage","hasMacro":false,"flexPageMetadata":{"afmBanner":false,"robotInstruction":{"noIndex":false,"noFollow":false},"description":"See what it costs to withdraw money from your savings deposit (ING Spaardeposito) or green savings deposit (ING Groen Spaardeposito) during the deposit term.","taxonomies":{"productTaxonomy":{"taxonomyKeys":["products","savings","510","509"],"taxonomyType":"productTaxonomyContainer"}}},"mainHeaderZone":{"componentType":"productHeader","coreHeader":{"body":"Depending on your personal situation, certain charges apply for withdrawals made during the deposit term. For transparency's sake, we've listed example calculations for a number of situations.","headerImage":{"transformBaseUrl":"https://assets.ing.com/transform/d625b4eb-4cf6-434e-9502-6c966d12b6eb/Young-man-on-park-bench-reviews-chess-board","type":"image","width":4928,"altTextEN":"\"\"","altTextNL":"\"\"","altTextFR":"\"\"","altTextDE":"\"\"","original":"https://assets.ing.com/m/5106862234dd0725/original/Young-man-on-park-bench-reviews-chess-board.jpg","extension":"jpg"},"title":"ING savings deposit and green savings deposit withdrawal charges","subtitle":"Overview of example calculations"},"backLink":{"textLink":{"url":"/en/personal/savings","text":"All about saving"}}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Example calculations for 3 different situations"},{"componentType":"paragraph","richBody":{"value":"<ul><li>The interest on your deposit is equal to or higher than the current interest rate</li><li>The interest on your deposit is lower than the current interest rate</li><li>Your situation has changed: divorce, unemployment, disability or debt restructuring</li></ul>"}},{"componentType":"sectionTitle","title":"The interest on your deposit is equal to or higher than the current interest rate"},{"componentType":"paragraph","richBody":{"value":"<p>In this situation, you&apos;ll pay the fixed withdrawal charges. For ING savings deposits (ING Spaardeposito), these amount to 0.5% of the total withdrawal. For ING green savings deposits (ING Groen Spaardeposito), they amount to 2%.</p>"}},{"componentType":"accordion","accordionList":[{"title":"Example scenario:","richBody":{"value":"<ul><li><span><span><span>Your deposit: € 25,000</span></span></span></li><li><span><span><span>Opening date ING (green) savings deposit: October 1, 2022</span></span></span></li><li><span><span><span>Term and end date: 7 years, until 1 October 2029</span></span></span></li><li><span><span><span>Withdrawal date: February 1, 2027</span></span></span></li><li><span><span><span>Remaining term to end date in years: 973 days divided by 365 is 2,666 years</span></span></span></li><li><span><span><span>Your ING (green) savings deposit interest rate: 2%</span></span></span></li><li><span><span><span>Current ING (green) Savings deposit interest rate: 1%</span></span></span></li><li><span><span><span>Amount withdrawn: € 20,000</span></span></span><br /> </li></ul><h4>We can now make the calculation for an ING savings deposit:</h4><ul><li>0.5% x € 20,000: € 100.00</li><li><h4>Total withdrawal charges: € 100.00<br /> </h4></li></ul><h4>We can now make the calculation for an ING savings deposit:</h4><ul><li>2% x € 20,000: € 400.00</li><li><h4>Total withdrawal charges: € 400.00</h4></li></ul>"}}]},{"componentType":"sectionTitle","title":"The interest on your deposit is lower than the current interest rate"},{"componentType":"paragraph","richBody":{"value":"<p>In this situation, you&apos;ll pay 0.5% of the amount withdrawn if you have an ING savings deposit. For an ING green savings deposit, you&apos;ll pay 2%. Additional charges also apply.</p><p>We use the following calculation to determine the costs: the interest difference (current interest rate of an ING (green) savings deposit - interest rate of your current ING (green) savings deposit times the withdrawn amount) is discounted at the current interest rate of an ING (green) savings deposit over the actual remaining term.</p>"}},{"componentType":"sectionTitle","title":"What is the current interest rate on an ING (green) savings deposit?"},{"componentType":"paragraph","richBody":{"value":"<p>We calculate the current interest rate is calculated using the current savings rate on the day you give the order to withdraw. The remaining term of your current ING (green) savings deposit is also included in the calculation. We compare this term to deposits with a similar term.</p><p>For example: if the remaining term is 2.6 years, the current interest rate is derived from deposits with a term of 2 and 3 years. The lowest interest rate is the current interest rate. We use the lowest interest rate so you&apos;ll benefit the most. Good to know: even if ING (green) savings deposits are (temporarily) unavailable, there are still current interest rates. These are available upon request.</p>"}},{"componentType":"accordion","accordionList":[{"title":"Example scenario:","richBody":{"value":"<ul><li><span><span><span>Your deposit: € 25,000</span></span></span></li><li><span><span><span>Opening date ING (green) savings deposit: October 1, 2022</span></span></span></li><li><span><span><span>Term and end date: 7 years, until 1 October 2029</span></span></span></li><li><span><span><span>Withdrawal date: February 1, 2027</span></span></span></li><li><span><span><span>Remaining term to end date in years: 973 days divided by 365 is 2,666 years</span></span></span></li><li><span><span><span>Your ING (green) savings deposit interest rate: 2%</span></span></span></li><li><span><span><span>Current ING (green) Savings deposit interest rate: 1%</span></span></span></li><li><span><span><span>Amount withdrawn: € 20,000</span></span></span></li></ul><p> </p><h4>We can now make the calculation for an ING savings deposit:</h4><ul><li>You&apos;ll pay 0.5% over the principal amount of €20,000 and the calculated interest difference: € 102.65</li><li>The current deposit you&apos;d like to cancel has a 1% interest rate. The current savings deposit market interest rate is 2%. We first calculate the interest difference. This is the difference in the interest rates discounted over the remaining savings deposit term. For this example, the remaining term is 2.66 years: € 529.94</li><li><h4>Total withdrawal charges: € 632.59</h4></li></ul><p> </p><h4>We can now make the calculation for an ING green savings deposit:</h4><ul><li>You&apos;ll pay 2% over the principal amount of €20,000 and the calculated interest difference: € 410.77</li><li>The current deposit you&apos;d like to cancel has a 1% interest rate. The current green savings deposit market interest rate is 2%. We first calculate the interest difference. This is the difference in the interest rates discounted over the remaining green savings deposit term. For this example, the remaining term is 2.66 years: € 538.27</li><li><h4>Total withdrawal charges: € 949.04</h4></li></ul>"}}]},{"componentType":"sectionTitle","title":"Your situation has changed"},{"componentType":"paragraph","richBody":{"value":"<p>In case of divorce, unemployment, disability or debt restructuring, you&apos;ll pay up to €100,000 per account holder. Withdrawal charges apply for larger amounts. Here are 2 example calculations for divorce and unemployment.</p><p> </p>"}},{"componentType":"accordion","accordionList":[{"title":"Example scenario:","richBody":{"value":"<ul><li><span><span><span>Partner 1&apos;s deposit into ING (green) savings deposit: € 30,000</span></span></span></li><li><span><span><span>Partner 2&apos;s deposit into ING (green) savings deposit: € 120,000</span></span></span></li><li><span><span><span>Partner 1 &amp; 2&apos;s deposit into ING (green) savings deposit: € 20,000</span></span></span></li><li><span><span><span>Desired withdrawal: € 170,000</span></span></span></li></ul><p> </p>"}}]},{"componentType":"paragraph","title":"Example: you and your partner are getting divorced","richBody":{"value":"<ul><li>Partner 1 can withdraw €30,000 + €20,000 = €50,000 free of charge</li><li>Partner 2 can withdraw €100,000 free of charge</li><li>Withdrawal charges apply for the remaining €20,000</li></ul>"}},{"componentType":"paragraph","title":"Example: partner 2 becomes unemployed","richBody":{"value":"<ul><li>Partner 1 cannot make a free withdrawal</li><li>Partner 2 can withdraw a total of €100,000 free of charge</li><li>Partner 2 can withdraw this total amount from the deposit in their name</li><li>For example, partner 2 can also choose to withdraw €15,000 free of charge from the joint deposit</li><li>Partner 2 can also withdraw €85,000 free of charge from the deposit in their name</li><li>Withdrawal charges apply for the remaining €70,000</li></ul>"}},{"componentType":"linkList","iconTitle":{"icon":{"transformBaseUrl":"https://assets.ing.com/transform/c89bf937-bac2-44d2-aa8f-d75a90b3b544/Documents-Pdf_Outline","type":"image","width":32,"altTextNL":"\"\"","original":"https://assets.ing.com/m/44d21e0d4026f0e/original/Documents-Pdf_Outline.svg","extension":"svg"},"title":"Downloads & information"},"textLinks":[{"url":"https://assets.ing.com/m/f2462df8acc0901b/original/Voorwaarden-Spaardeposito.pdf","text":"ING savings deposit terms and conditions (PDF)"},{"url":"https://assets.ing.com/m/258ad9c5ea37abb7/original/Conditions-ING-Green-Savings-Deposit.pdf","text":"Conditions ING Green Savings Deposit (PDF)"}]},{"componentType":"linkList","iconTitle":{"title":"Saving"},"textLinks":[{"url":"/particulier/sparen/niet-meer-te-openen-spaarrekeningen/niet-actieve-spaarproducten","text":"Unavailable savings accounts"},{"url":"/particulier/sparen/meer-dan-sparen","text":"More than just saving"},{"url":"/particulier/sparen/renteberekening-op-je-spaarrekening","text":"Current savings rates"}]}]}}}