To create savings goals, you first need a savings account to begin with. If you have one, you can create a savings goal straight away. You can then create up to 10 different savings goals. Assign a name to each savings goal, decide how much you want to save and when you want to reach your goal.
No savings account yet?
You can easily open one in the ING app or My ING. You can then create savings goals.
"},"textLinks":[{"url":"/particulier/sparen/oranje-spaarrekening","text":"More about savings accounts"}],"alignedImage":{"transformBaseUrl":"https://assets.ing.com/transform/f4218f24-3195-495d-bcef-a88862c53930/sepadirectdebit-1920","original":"https://assets.ing.com/m/42e0669977928703/original/sepadirectdebit-1920.jpg","extension":"jpg"}},{"componentType":"paragraph","richBody":{"value":"How to create a savings goal
In this video, you'll see how to create a savings goal.
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"}},{"componentType":"paragraph","title":"Cash buffer & household effects","richBody":{"value":"Set money aside in a designated piggy bank for unforeseen expenses, such as a broken washing machine or reduced income. Calculate the ideal cash buffer for your financial situation here or here.
Planning to go and live on your own? Don't forget to save up for your big move. You don't have to buy everything all at once, but there are certain things you'll absolutely need.
Your friends and family might be able to give you some hand-me-downs, but you may consider getting a new sofa, for instance. You can set aside some money each month until you've saved enough to afford what you need.
Set aside fixed expenses such as your rent or mortgage, gas, water, electricity, TV and internet. Did you know that you can also set up recurring automatic transfers from your savings account to your current account? Schedule this for the day before the debit date so you won't have to worry about it.
Another example is municipal taxes such as waste tax or sewage tax. The tax varies per municipality.
Owning a property comes with other fixed expenses. See an overview here.
If you're saving to buy a home, note that buying a property comes with a number of (mandatory) expenses.
Baby on the way? Congratulations! If you're wondering what to expect financially, we're happy to look into it with you.
You can save for your child or grandchild with a children's savings account? Read more.
You can also choose to set aside your child benefit, which you receive at the end of every quarter. You can use this to buy clothes or school supplies. Or you can set it aside for larger expenses in the future.
Six in ten households have at least one pet. The costs per month range from €3,50 for a fish to at least €85 for a dog. You should set money aside for unforeseen costs.
As of right now, you can only do this in My ING, and only if the savings goals fall under the same account. Select the savings goal from which you'd want to withdraw the money and choose ‘Withdraw’. Instead of selecting the current account the savings account is linked to, select the savings goal you'd like to transfer to. After withdrawing, the money will be immediately transferred to your other savings goal. Your total savings account balance will stay the same.
Directly transferring money from one savings goal to another that's linked to a different savings account – so one that's not linked to your current account – is not possible as of yet. But there's a workaround. First, withdraw money from your savings account and it will be transferred to your linked current account. Then transfer the money to the current account that's linked to the savings goal you want the money to end up in. Finally, transfer the money from that current account to the savings goal.
"},"textLinks":[{"url":"https://mijn.ing.nl/banking/overview","text":"Go to My ING"}]},{"title":"How to change a savings goal in the ING app","richBody":{"value":"iOS:
Android:
Log in to My ING and select the savings goal you want to delete. Under ‘Account settings’ (top right), go to ‘More’ and select ‘Cancel savings goal’.
If you have multiple savings goals you'd like to delete, you'll need to delete them one by one. If you cancel a savings goal, your savings balance and interest will be automatically transferred to your current account. Should your total savings balance decrease, you may land into a lower balance tier with a lower interest rate.
"}},{"title":"Want to reach your goal faster? Start saving automatically","richBody":{"value":"Want to meet your savings goal, but not have to think about it? Set up an automatic savings order to transfer a fixed amount to your savings account each month. You can do this in the app or My ING by selecting 'Schedule’ when you make a transfer. Then choose a frequency and execution date. You can always cancel or edit this order.
"},"textLinks":[{"url":"https://mijn.ing.nl/banking/overview","text":"Set up automatic savings now"}]}]},{"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"}]}]},"complementaryZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Also of interest"},{"componentType":"cards","cards":[{"componentType":"serviceCard","cardType":"service","cardSize":"medium","title":"Saving or investing?","intro":"See how they compare","image":{"transformBaseUrl":"https://assets.ing.com/transform/a358f2df-c751-425e-b598-2eb2b453d972/Devices-Calculator_Outline","type":"image","width":32,"altTextNL":"\"\"","original":"https://assets.ing.com/m/53799a499bad7b9a/original/Devices-Calculator_Outline.svg","extension":"svg"},"link":{"url":"/particulier/beleggen/beleggen-bij-ing/wat-levert-beleggen-op"}},{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"Savings rates","intro":"Everything you want to know about savings rates","image":{"transformBaseUrl":"https://assets.ing.com/transform/6abfa937-cabb-4039-bc3e-b9aacf47cadb/Female-professional-colleague-smiles-at-laptop-screen-with-male-coworker-in-meeting","type":"image","width":2000,"altTextEN":"\"","altTextNL":"\"","altTextFR":"\"","altTextDE":"\"","original":"https://assets.ing.com/m/56777dff36c31c/original/Female-professional-colleague-smiles-at-laptop-screen-with-male-coworker-in-meeting.jpg","extension":"jpg"},"link":{"url":"/particulier/sparen/spaarrente"},"checkMarkList":["The difference between fixed and variable interest rates","How we calculate our savings rates"]}]}]}}}