Morgan Stanley enters Dutch savings market via Raisin

Morgan Stanley is entering the Dutch savings market through the platform Raisin. The American financial institution will offer term deposits via Morgan Stanley Europe SE, based in Frankfurt. These deposits are protected by the German statutory deposit guarantee scheme for amounts up to 100,000 euros per saver.

The bank is offering interest rates of 2.50 percent per annum for three-month fixed terms, with rates rising to 2.95 percent per annum for one- and two-year fixed terms. This move comes as research from the European Central Bank and De Nederlandsche Bank indicates that Dutch households are increasing their savings both domestically and within the eurozone.

Analysts at Citi suggest that established Dutch banks remain well-positioned to compete. During recent interest rate cycles, Dutch banks maintained some of the highest deposit betas in Europe. Citi also noted the efficiency and digital strength of major players like ABN AMRO and ING, maintaining buy ratings for both institutions.