Put your security deposit on a blocked account (Cat. A*)

If you’re planning to rent a house or flat, the KBC Security Deposit Savings Account is a good idea. Why? Because landlords usually require a security deposit. By putting this on a blocked savings account, neither you nor the landlord can touch it for the duration of the lease.

You can also open aKBC Security Deposit Savings Account when renting student accommodation, a service flat, a room in a nursing home or a parking space. In other situations (e.g., commercial leases), you can't use a KBC Security Deposit Savings Account, but instead can open a standard savings account in your branch as third-party collateral.

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

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 start earning interest at the base rate on the first calendar day after the transaction date and cease to earn interest from the calendar day on which they are withdrawn. This interest is paid into your account once a year (with a value date of 1 January) or when you close your account

.You receive the fidelity bonus for amounts that remain on the savings account for 12 consecutive full months called the ‘calculation period’. 

Every time a fidelity bonus is acquired, a new 12-month calculation period will start. The fidelity bonus rate is the interest rate prevailing on the first day of a new calculation period. That rate is fixed and remains unchanged for the entire 12-month calculation period.

The fidelity bonus will be paid into your account on 1 January, 1 April, 1 July and 1 October after being acquired in the preceding quarter. Any fidelity bonus acquired will also be paid when you close your account.

• Tax efficient
  Individuals who are resident in Belgium are exempt from 15% withholding tax, on the first 1,020 euros of interest earned each year (2026 income). Married couples and legal cohabitees are entitled to an exemption of up to 2,040 euros a year (income year 2026) on a joint account.
  
• Free of charge
  There are no charges for opening and managing the account.
  
• Open-ended
  The KBC Security Deposit Savings Account is an open-ended product. The security deposit agreement linked to this account remains in force until the security deposit savings account is closed.

• 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.

You open a KBC Security Deposit Savings Account when the lease starts and the deposit is released at the end of the lease by:

• written agreement between the tenants and the landlord (or joint landlords)
• court order (small claims court)
  

You no longer have to go to a KBC branch to ask for the deposit to be released. Instead, you can do it easily in our app by scanning or taking a photo of the completed and signed release document, the lease and the landlord's ID card (or copies of each landlord's card if the property is jointly owned) and forwarding them to us in KBC Mobile or KBC Touch. If everything is in order, we return the amount of the security deposit (plus interest), ensuring it is divided up as agreed.

Note: if the landlord is a KBC customer, it is not necessary to provide a copy of their ID card. If they aren’t a KBC customer, a copy of their ID card is required in order to verify their identity with certainty and prevent attempted fraud. The landlord may also choose to provide the branch (where the tenant asked for the deposit to be released) with a copy of their ID card. 

Tenants in Belgium must have property insurance (i.e. home insurance) if the rented property is their main residence. Read the Insurance Information Document carefully before taking out this insurance. More information on property insurance.

How to arrange the security deposit for your tenant(s)

Looking to rent out your house or flat? Help your tenant out and recommend that they arrange their security deposit online in just a few steps – it couldn’t be easier!

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