Kids account

1. Ideal as a gift account on your birth announcement card

If it isn’t your first child, chances are you’ll have trouble filling a baby wish list. Our kids account is a good alternative. Include the account number on your birth announcement card so your family and friends can help get your child off to a flying start.

2. Choose how much and how often you want to save

Want to set aside a larger one-off amount? Prefer to save by standing order? Rather deposit some money every now and then, like at Christmas or on your child’s birthday? The choice is yours. Our kids account is a very flexible way to save, as you decide how much to save and when.

3. Open it easily online

Our Mobile and Touch apps make it easy to open a kids account in no time online:

1. Log in to KBC Touch or %%product.mobilebanking%
2. Hit ‘Savings accounts’ followed by the green plus sign under ‘Payments’
3. Opt to save for your unborn baby
4. Enter the required details like your baby’s due date
5. Read the documents containing key information
6. Sign to confirm your application online
7. Register your child with us as soon as you can after they’re born (we’ll send you a reminder on the due date)

Expecting parents can open this account for their unborn baby using our KBC Touch or KBC Mobile app. Just open a new savings account and select ‘My unborn baby’ as the person you want to save for.

Haven’t chosen a name for your baby yet? No problem. You can still open a kids account – even if you’re not yet sure what to call your child. Alternatively, just open your KBC Tall Oaks Savings Account after baby is born.

There are two ways to release the savings:

• Set a date for your child to receive the money.
• Specify that your child only gets the funds when buying or building their own home Savings are automatically released on your child’s 30th birthday.

The savings account stays in your name once your little bundle of joy arrives, but you can register your baby as a beneficiary.

The rates shown are gross and annualised and can change at any time. Current rates are always shown above or can be obtained from your KBC branch. If the rates change, we will inform you by post or through one of our digital channels.

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first calendar day following the transaction date, and cease to earn interest from the calendar day on which they are withdrawn.

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. However, for the first three transfers per year to another regulated savings account held with KBC, 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.
• Each transfer is for at least 500 euros.
• 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.

• Saves on tax
  Individuals are exempt from withholding tax (currently 15%) on the first 1,020 euros euros of interest earned each year (2024 figure).
• Free savings account
  We won’t charge you for opening and managing the account for you. Sending printed account statements by post pays 2.50 Euros per month if sent monthly or 25.00 Euros per month if sent daily.
• Access your money any time
  The KBC Tall Oaks Savings Account is an open-ended product. The funds on your savings account can be withdrawn at any time and without charge. The third-party beneficiary contract linked to this account is for a fixed term: you have full say as to when the money can be released to the beneficiary.
• Regulated savings account
  The KBC Tall Oaks Savings Account is a regulated savings account offered by KBC Bank NV, Belgium. It is governed by the laws of Belgium.
  

• Insolvency risk: a maximum of 100,000 euros of your aggregate deposits with KBC Bank are guaranteed per person, subject to certain conditions. In the event of 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.
  
  
• Inflation risk: this savings account also has an inflation risk, as sustained price increases can result in the amount deposited losing value.

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

Submit any complaints you may have to complaints@kbc.be, tel. 016 43 25 94 and/or ombudsman@ombudsfin.be.