LeasePlan Bank reopens for new private savings clients

As of today, LeasePlan Bank will again open its doors to new private savings clients. LeasePlan Corporation N.V. started the Internet savings bank last year in order to further diversify its funding base. At that time, the organisation’s stated goal was to finance between 10% and 20% of its total financing needs with savings from the internet savings bank in the medium term. The organisation has been satisfied with this source of funding.

Some 13,000 interested parties who had been on the waiting list since August 2010 have already been informed that the bank will begin accepting new private savings clients. Business clients will also be able to open new accounts in the near future. Businesses interested in opening an account can sign up to receive the news alert via the website.

Within six months clients had invested more than € 1 billion, allowing the bank to achieve its target within the first year. Since the bank stopped accepting new clients, the existing account holders have increased their total savings to € 2 billion.