KBC Start2Save4 Account (Cat. B*)

* KBC Start2Save4 is a ‘category B’ savings account: a savings account with a maximum monthly savings amount or a balance limit.

Offered by KBC Bank NV Belgium and governed by the laws of Belgium, KBC Start2Save4 is a regulated savings account with a third-party beneficiary clause. It may be held in the name of one individual.

You can only put money into a KBC Start2Save4 Account by means of a monthly savings standing order (up to 500 euros a month). Any transfers to the account that exceed the 500-euro limit will be refunded in full. Interest payments are unrelated to the maximum monthly savings amount.

Only one KBC Start2Save4 Account may be opened for each beneficiary. 

Up to the day before the savings are released, you are free to decide, at no cost whether to:

• withdraw the savings
  The fidelity bonus is calculated over a 12-month period. If you withdraw funds before the end of that period, you won’t receive a fidelity bonus on the amount withdrawn.
  
• revoke the beneficiary designation
• change the release date
• change options for releasing the funds
  You set the date on which the funds are released (for example, you allow the funds to be released when the child, grandchild or godchild buys or builds a first home, or when they turn 30).
  

If you die before the date on which the money is released, we will put
the account into the name of your designated beneficiary. The account will
remain blocked until the scheduled release date, thus ensuring that the money
you set aside goes to the person you were saving for, exactly when you wanted it to. Inheritance tax is payable if you die before the release date. It is also payable if you die within five years after the release date, just like the situation with gifts within that time period.

If you opened the account together with someone else, the same
arrangement applies as soon as one of you dies. The surviving account holder
cannot change anything either from that point on. If you want to avoid losing
control of the account, it’s best to open it in your name only.

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’. When funds are withdrawn, the accruing fidelity bonuses whose acquisition date is furthest in the future will be the first to be used. 

For the first three transfers of funds per year to another regulated savings account at KBC, however, the fidelity bonus will be transferred proportionally if the following conditions are met:

• Both savings accounts have at least one common account holder
• The amount transferred is 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 ended, but continues instead on the savings account receiving the funds. In this case, too, the fidelity bonus is only awarded for amounts that remain on the relevant savings accounts for 12 consecutive months.

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, except when the fidelity bonus is transferred proportionally. In that case, the fidelity bonus for the remaining period is the interest rate prevailing on the day the funds go into the receiving savings account.

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). 
• Free of charge: there are no charges for opening and managing the account. Receiving printed account statements by post, however, costs you 2.50 euros a month if they are sent monthly or 25 euros a month if sent daily.
• Funds available at all times: the KBC Start2Save4 Account is an open-ended product and funds can be withdrawn from it at any time and without charge.
  The fidelity bonus is calculated over a 12-month period. If you withdraw funds before the end of that period, you won’t receive a fidelity bonus on the amount withdrawn.
  
  Use the savings calculator to see the impact on the fidelity bonus when you withdraw funds. You can find the savings calculator in KBC Touch and KBC Mobile.
  
  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.
• Automatic savings order: you can only put money into a KBC Start2Save4 Account by means of a monthly standing order to transfer funds (up to 500 euros) from a current account at KBC or another financial institution. Only one such order is allowed per KBC Start2Save4 Account.

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