- Secure capital: your capital is guaranteed.
- Attractive interest rate
- Instant access: you can access your money whenever you want.
- Regular savings: you can save at your own pace, without having to worry about it by putting in place an automatic savings arrangement.
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Savings accounts offer individuals a considerable tax break as part of the interest is exempt from withholding tax.
For 2015, the amount of interest exempt from withholding tax is EUR 1,880 per taxpayer for individuals resident in Belgium.
Double this amount applies for married or legally cohabiting couples opening a joint savings account.
The interest is made up of:
- a basic rate calculated per day. The basic rate is not guaranteed and may fluctuate in line with market trends;
- a loyalty bonus applying to each deposit remaining on the account for 12 full consecutive months. The loyalty bonus is guaranteed throughout the period to which it applies.
- For information about your savings account interest calculation, please contact your Hello team or go to PC banking.
- during the first few bank business days of the year, you will receive interest with a value date of 1January.
- A savings account may never be overdrawn. So you will not incur any debit interest.
Calculation of interest
The value date is the date from which a deposit starts or stops accruing interest. A deposit accrues interest from the calendar day following the date of the deposit at the latest and stops accruing interest on the day of withdrawal.
Repayments are allocated to amounts for which the period qualifying for a bonus is least advanced.
By law, the savings account cannot be used as a current account. But you can still carry out many transactions:
- cash withdrawals;
- transfers to another account opened with the bank in the name of the holder(s);
- transfers between spouses, legal cohabiting partners, parents and children, to another savings account opened with BNP Paribas Fortis;
- purchase of securities.
* The regulated savings account is the fruit of the authorities' wish to encourage private individuals to save, by granting them a favourable tax system. The savings account must therefore meet certain well-defined standards of usage and interest calculation, established by Royal Decree.