6.12.2023

Belgium's Deposit Market Overview: December 2023

4 min read

As December unfolds, seize the opportunity to optimize your financial strategy with the latest and most pertinent information available.

PickTheBank Unveils Top Offers in Belgium

As we step into the final month of the year, PickTheBank remains your steadfast companion in unraveling the dynamic tapestry of interest rates across Europe. In response to the persistent winds of inflation, banks in the region have continued to adjust their interest rates, presenting both challenges and opportunities for savers.

In the spotlight today is Belgium.

Drawing from the latest data released by the European Central Bank (ECB), our analysis reveals a notable surge in the average interest rate on annual deposits in Belgium, reaching 3.51% in the past month, a distinct rise from the previous month's 3.44%.

The maximum 1-year EUR deposit interest rate currently has climbed to 3.10%, showcasing a significant increase from the preceding month's rate of 2.85%. Similarly, the maximum interest rate on long-term euro deposits in Belgium now stands at 4.00%, compared to 3.50% just a month ago.

Conducting an exhaustive review, we meticulously examined the offerings of 17 Belgian banks providing fixed-term deposit interest rates. This meticulous process resulted in a comprehensive database featuring 256 specific products tailored to the Belgian market.

However, our reach extends beyond Belgium's borders. Our platform, PickTheBank, is a storage trove of data encompassing deposit rates from over 1000 banks across 25 European countries. With a wealth of more than 20,000 financial products, we stand as a premier resource for those seeking comprehensive information on deposit rates across Europe.

🔥Top-5 12-month ordinary EUR deposit rates:

Interest rate	Bank	Currency	Term
3.10%	BEOBANK NV/SA	EUR	12 mths	More ->
3.00%	ARGENTA SPAARBANK	EUR	12 mths	More ->
3.00%	SANTANDER CONSUMER FINANCE SA	EUR	12 mths	More ->
3.00%	ING BELGIUM	EUR	12 mths	More ->
2.86%	MeDirect Bank	EUR	12 mths	More ->

🔥Top-5 24-month ordinary EUR deposit rates:

Interest rate	Bank	Currency	Term
3.40%	Europabank	EUR	24 mths	More ->
2.90%	AION BANK	EUR	24 mths	More ->
2.86%	MeDirect Bank	EUR	24 mths	More ->
2.60%	vdk bank	EUR	24 mths	More ->
2.00%	AXA BANK BELGIUM	EUR	24 mths	More ->

🔥Top-5 36-month ordinary EUR deposit rates:

Interest rate	Bank	Currency	Term
4.00%	Europabank	EUR	36 mths	More ->
3.00%	AXA BANK BELGIUM	EUR	36 mths	More ->
3.00%	Centrale Kredietverlening CKV Spaarbank	EUR	36 mths	More ->
3.00%	vdk bank	EUR	36 mths	More ->
2.86%	MeDirect Bank	EUR	24 mths	More ->

🔥Top EUR deposit rates - any term:

Interest rate	Bank	Currency	Term
4.00%	Europabank	EUR	36 mths	More ->
4.00%	Europabank	EUR	48 mths	More ->
3.50%	Centrale Kredietverlening CKV Spaarbank	EUR	120 mths	More ->
3.40%	Europabank	EUR	24 mths	More ->
3.40%	Europabank	EUR	60 mths	More ->
3.35%	Centrale Kredietverlening CKV Spaarbank	EUR	96 mths	More ->

It's crucial to note that the presented rates are pre-tax and do not account for variations in interest payment frequencies. For the utmost accuracy and currency of information, we strongly recommend verifying rates directly with the respective banks before making any final decisions.

At PickTheBank, we value the trust of you. For those hungry for in-depth insights into deposit rates in Belgium and beyond, we invite you to explore our website.