If you're planning to rent a house or apartment, a KBC Security Deposit Savings Account is a good idea. Why? Landlords usually require a security deposit. By putting this on a frozen savings account, neither you nor the landlord can touch it for the duration of the lease.
You can also open a KBC 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 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.