Time deposit account and savings certificate

A time deposit account or savings certificate earns a fixed interest rate, which is set at the time you subscribe. You yourself choose the term from the range of possibilities offered. However, you won't be able to access your money again until the predetermined period has lapsed.

Your return will depend on, among other things:
- the term
- the currency

A time deposit account is a term investment on a term investment account with a predetermined term and a predetermined interest rate.

A savings certificate is an acknowledgement of debt issued by the bank. In return, the bank pays a predetermined interest at set times and pays back 100% of the capital at maturity.

The KBC Time Deposit Account is an account into which funds are deposited and held for a fixed term, and interest is paid annually. For terms of less than one year, the interest is paid at maturity.

Minimum subscription amount: 500 euros

* Annualised credit interest rate before deduction of withholding tax.
** Annualised credit interest rate after deduction of (currently) 30% withholding tax. Some investors in time deposit accounts may qualify for an exemption if they meet certain conditions. 

KBC does not currently offer bank savings certificates. For existing bank savings certificates that are callable every 3 or 5 years, the new gross interest rate is fixed at 0.01%. As stipulated in the product terms and conditions, you can also call these savings certificates free of charge when the interest rate is fixed.

The KBC Time Deposit Account in foreign currencies is an account into which funds are deposited and held for a fixed term, and interest is paid annually. For terms of less than one year, the interest is paid at maturity.

KBC Time Deposit PRO is reserved for legal entities and organisations without legal personality, with the exclusion of: entities with joint ownership of property with one or more natural persons, partnerships and unincorporated association, natural persons in the context of their professional activity. Credit institutions and other financial institutions are also excluded.

There are no entry or exit charges if you keep the time investment until maturity.

• A time deposit account or savings certificate is relatively safe: the capital is repaid by the issuing bank at the predetermined maturity date. If the bank goes bankrupt or is unable to repay your capital, the capital of your term investment will still be covered by the deposit guarantee scheme for an amount of up to 100.000 euros per person and per bank.
• Exchange rate risk.
• If you sell your savings certificate before maturity, bear in mind that the price may then fluctuate under the influence of market volatility and interest rates. In the event of early withdrawal, you also pay exit fees.
  

The income generated is subject to Belgian withholding tax of (currently) 30% on the gross amount of the interest. Some investors may qualify for an exemption if they meet certain criteria. The tax treatment information applies to individual investors subject to Belgian personal income tax. The tax treatment will depend on your individual circumstances and may change in the future.

• Belgian law applies to these products
• No key information for savers document is available for these time deposit accounts and savings certificates.
• The savings certificates and time deposit accounts depicted here are products of KBC NV, Havenlaan 2, 1080 Brussels, Belgium. VAT BE 0462.920.226, RLP Brussels, FSMA 026256. A Member of the KBC group.
• If you have a complaint, please contact KBC Complaints Management, Brusselsesteenweg 100, 3000 Leuven, complaints@kbc.be, tel. 016 43 25 94 and/or ombudsman in financial conflicts: ombudsman@ombudsfin.be.
• In case of the financial institution's bankruptcy or risk of bankruptcy, the saver runs the risk of losing their savings or may be subject to a reduction/conversion into shares (bail-in) of the amount of the claim they have against the financial institution for the sum above 100 000 euros that is covered under the deposit guarantee
• You can subscribe to a savings certificate or a time deposit account at your bank at any time. If you want to sell your savings certificates/time deposit accounts before maturity, your bank may buy them back (please note that it is not obliged to do so). The value you then get, depends on the market's interest rates and the costs charged by the bank. So it is by no means certain that you will recover your initial capital.