Interest mark-up determined quarterly as of 2011

LeasePlan Bank's interest rate on savings is linked to the monthly Euribor® increased by a fixed mark-up. A unique savings product, of which many customers have yielded profits in 2010. In 2010 the internet savings bank began with an annual mark-up of 2,1%.

Quarterly revise of the mark-up
In 2011 LeasePlan Bank expects several changes in the world of banking. For instance, a number of international internet savings banks may enter the Dutch market. Other banks may adjust their savings products in various ways. In order to be able to offer an attractive interest rate on savings in 2011 as well, LeasePlan Bank will revise the mark-up quarterly. In this way LeasePlan Bank is able to raise or lower the mark-up during the year. The savings product itself remains the same. Customers will receive a monthly update about the current interest rate. LeasePlan Bank will also continue to add the interest monthly.

Frequently asked questions
Below you will find the most frequently asked questions about this adjustment.

What has LeasePlan Bank decided exactly?
Our composition of the interest rate is very popular among our customers, because of the transparent link to the Euribor®. Moreover, our rate has generated considerable profits for our customers in 2010. By making the mark-up flexible, LeasePlan Bank will secure this attractive interest rate in 2011. That is why LeasePlan Bank will revise de mark-up quarterly in 2011. The transparent savings product will remain exactly the same.

Why will LeasePlan Bank revise the mark-up every three months?
LeasePlan Bank expects 2011 to be a dynamic year. By revising the mark-up four times per year we will secure the flexibility to increase or lower the interest rates during the year if necessary. We will inform our customers monthly about the current interest rates. The interest will also be credited monthly.

Which developments does LeasePlan Bank expect in 2011?
The expected entering of new international banks and the fact that many competitors may not follow the fixed ratio between market and savings interest rates will influence banking in particular. By revising our mark-up four times a year, LeasePlan Bank will maintain the possibility to raise or lower the interest rates if necessary. In this way we will secure our attractive interest rates in 2011.

Will LeasePlan Bank lower the mark-up in 2011?
The mark-up for 2011 will be evaluated at the end of this year. A rise or fall is depending on the developments in Euribor® and in the market. On 31st December our customers will be informed about the mark-up for the first quarter of 2011.

Will LeasePlan Bank lower the interest rate in 2011?
The interest rate for January 2011 will be set before the end of the month, just like every other month. We will inform our customers before the beginning of January via a special mailing about the interest rate.

Will LeasePlan Bank continue to follow the Euribor® interest rates?
Yes, the interest rates of LeasePlan Bank will continue to follow the Euribor®, including a fixed mark-up. This mark-up will be revised every three months in order to secure our attractive interest rates in 2011.

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