Get a savings account for free

KBC Savings Account

Get a savings account for free

KBC Savings Account

Set aside a financial reserve

With a KBC Savings Account you set aside a financial reserve to cover unexpected outlays.

You can access your money whenever you want and it earns you interest while it stays on your account.

Benefits of this savings account at a glance

  • Saves on tax: Individuals are exempt from withholding tax (currently 15%) on the first 1,880 euros of interest earned each year (2016 figure).
  • Free savings account: we won’t charge you for opening and managing the account for you.
  • Risk: Your entire deposits with KBC Bank up to a maximum of 100,000 euros per person are guaranteed subject to certain conditions. In the event of the KBC's insolvency (e.g., if it goes into bankruptcy), you run the risk of losing any deposits you have over 100 000 euros, or their amount could be reduced or converted into shares. You can obtain a copy of our Protection of deposits and financial instruments in Belgium brochure from your KBC branch or from www.kbc.be/depositprotection
  • Constant availability: A KBC Savings Account is an open-ended product. The funds on your savings account can be withdrawn at any time and without charge.

Earnings on your savings account

These interest rates are gross and annualised and are subject to change at any time. The withholding tax is 15%. Current rates are always given here or can be obtained from your KBC Bank branch. If rates change, we will inform account holders of this on their statements of account.

Base rate of interest

opbrengst gratis spaarrekening

0.01%

Savings earn interest at the base rate from the very first calendar day following the transaction date, and cease to earn interest from the calendar day on which they are withdrawn.

Fidelity bonus

0.10%

The fidelity bonus is awarded for amounts that remain on the savings account for 12 full, consecutive months. If money is withdrawn or transferred from the account, the accruing fidelity bonuses whose acquisition date is furthest in the future will be the first to be ended. As from 1 January 2014, however, for the first three transfers per year to another regulated savings account held with KBC Bank, there is a pro rata transfer of the fidelity bonus, provided the following conditions are met:

  • the two savings accounts have at least one holder who is the same person; and
  • each transfer is for at least 500 euros and
  • the funds are not transferred by standing order or automatic savings order.

This means that the current 12-month calculation period is not interrupted but continues running on the beneficiary savings account. Therefore, the fidelity bonus is likewise only awarded on amounts that are held, in this case, on two or more savings accounts for 12 consecutive months.

Regulated savings account

The KBC Savings Account is a regulated savings account offered by KBC Bank NV, Belgium. It is governed by the laws of Belgium.

Learn more

  • Key information for savers
  • Regulations
  • Product fact sheet

Before opening a savings account with us, be sure to read our key information for savers document.

You can submit any complaints you may have by e-mail to complaints@kbc.be, by telephone on 0800 62 084 and/or by e-mail to ombudsman@ombudsfin.be.

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