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Term account

  • BNP Paribas Fortis account
  • Investments start from EUR 250
  • Predetermined duration and interest rate
  • Make a term investment at anytime

You yourself choose the term, amount and currency

Do you prefer to play it safe? Then opt for an investment in a Term Account. Determine by yourself the amount of your investment (from EUR 250), the duration (seven days to ten years), as well as how the interest is paid. At maturity, you will get back the full amount invested plus interest.

What is in it for you?

A term investment allows you to grow your savings safely, since you will recover all your capital at maturity.

The interest rate on your term investment is determined by the duration of your investment and remains the same throughout the investment period. So you know in advance exactly how much your savings will yield. It is up to you to decide the frequency of interest payments (annual, quarterly, monthly or at maturity) and on which current or savings account they are paid. Below, you will find the current interest rates starting from a period of one year: The  current interest rates (pdf)

Fees

Entrance fee: none.

Management fee: none.

Withholding tax: 30% on interest earned.

What are the risks involved with a Term Account?

Liquidity risk

The capital is available after maturity of the investment.

Credit risk

A Term Account is an investment in fixed assets. Financial markets may rise or fall, but this does not endanger your savings. Moreover, savings of up to EUR 100,000 fall under the deposit guarantee and are always guaranteed. In the case of higher amounts, only the first EUR 100,000 are guaranteed. The investor risks losing the excess amount or of having to converted it into equities (bail-in).

Currency risk

You decide in which currency you want to save. However, keep in mind that all term deposits in a foreign currency are exposed to currency risks.

Legal information

The Term Account is a product of BNP Paribas Fortis sa/nv, which acts as the service provider.

BNP Paribas Fortis sa/nv, 3 Montagne du Parc, B-1000 Brussels – RPM/RPR Brussels – VAT BE 0403.199.702, registered with the FSMA under n° 25.879A, 12-14 Congress, 1000 Brussels.

If you are not satisfied with the investment products and/or services, you can submit the dispute to BNP Paribas Fortis NV - Complaints Management (1QA8D) - Montagne du Parc 3, 1000 Brussels, the Ombudsman for Consumers (Ombudsfin). (www.ombudsfin.be/nl/particulieren/klacht-indienen) or refer to Article 21 of the general terms and conditions of the bank.