Treasury Flex Account

The Treasury Flex Account provides flexible management of your excess cash.

 

What is Treasury Flex Account?

The Treasury Flex Account is an unregulated savings account, available to self-employed workers and companies. On the one hand, it allows you to put aside a cash reserve in order to respond immediately to any commercial opportunities that arise, while on the other hand it ensures that you have enough cash saved up, especially in uncertain economic times.
 

Advantages 

  • A unique range of returns

    The Treasury Flex Account has three available terms: 3 months, 6 months and 12 months.

    Each customer may open one Treasury Flex Account for each term, meaning that you can open a total of three Treasury Flex Accounts.
  • Versatility

    You can pay money into your Treasury Flex Accounts in whatever way suits you best, such as by transfer or through PC banking Pro.

    Withdrawals from a Treasury Flex Account are simple: you just need to make a transfer to any BNP Paribas Fortis account of which you are the holder.
  • Significant liquidity
    Your money is available at all times.
 
   

Get full details 

The Treasury Flex Account uses a dual-return structure, made up of the base rate on one hand, and a loyalty bonus on the other.

 

The Treasury Flex Account has three available terms:

  • the Treasury Flex Account 3M – 3 months;
  • the Treasury Flex Account 6M – 6 months;
  • the Treasury Flex Account 12M – 12 months.

The interest rate is applied on an annualised basis, and is made up of:

  • a base rate calculated on a daily basis – the base rate is not guaranteed and may fluctuate in line with the market conditions;
  • a loyalty bonus – you receive this after:
    • 91 consecutive calendar days for the Treasury Flex Account 3M;
    • 182 consecutive calendar days for the Treasury Flex Account 6M;
    • 365 consecutive calendar days for the Treasury Flex Account 12M.

 

Once the loyalty bonus term ends, the assets are automatically reinvested for the same period again. Unlike the base rate, the loyalty bonus – which is applied when a payment is made or at the start of a new earning period – is guaranteed throughout the whole of the earning period. If any change is made to the loyalty bonus, the new rate will only be applied to payments that are made after the rate has changed, as well as any new earning periods that start after the change.

If a withdrawal is made part-way through, the loyalty bonus is put on hold for the amount where the earning period is furthest from completion.

 

The base rate and the rate for the loyalty bonus depend on the account balance. For more details, check the Flash Invest below.

 

Notes:

  • Interest is capitalised on 1 January, 1 April, 1 July and 1 October, and is paid into the Treasury Flex Account.
  • As a savings account cannot be overdrawn, there is no interest on an overdrawn balance.

 

With a Treasury Flex Account, you can:

    • deposit cash in euros;
    • pay in cheques;
    • make transfers from an account held with another financial institution;
    • make transfers to another BNP Paribas Fortis account with the same account holder. The beneficiary's account can be a current account, a savings account, or a fixed-term account.


With a Treasury Flex Account you may not:

    • withdraw cash directly from the Treasury Flex Account;
    • make transfers to an account held at a bank other than BNP Paribas Fortis;
    • set up standing orders or direct debits.

The Treasury Flex Account is not a regulated savings account, and therefore is not eligible for partial exemption from withholding tax, which is by law given to regulated savings accounts. For this reason, interest from the Treasury Flex Account 12M is subject to withholding tax in full.

 

Special terms and conditions Treasury Flex Account 3M (pdf)Interest rates Treasury Flex Account 3M (pdf, FR) Special terms and conditions Treasury Flex Account 6M (pdf) Interest rates Treasury Flex Account 6M (pdf, FR) Special terms and conditions Treasury Flex Account 12M (pdf) Interest rates Treasury Flex Account 12M (pdf, FR)Flash Invest (pdf, FR)


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