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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 rateBankCurrencyTerm 
3.10%BEOBANK NV/SAEUR12 mthsMore ->
3.00%ARGENTA SPAARBANKEUR12 mthsMore ->
3.00%SANTANDER CONSUMER FINANCE SAEUR12 mthsMore ->
3.00%ING BELGIUMEUR12 mthsMore ->
2.86%MeDirect BankEUR12 mthsMore ->

 

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

 

Interest rateBankCurrencyTerm 
3.40%EuropabankEUR24 mthsMore ->
2.90%AION BANKEUR24 mthsMore ->
2.86%MeDirect BankEUR24 mthsMore ->
2.60%vdk bankEUR24 mthsMore ->
2.00%AXA BANK BELGIUMEUR24 mthsMore ->

 

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

 

Interest rateBankCurrencyTerm 
4.00%EuropabankEUR36 mthsMore ->
3.00%AXA BANK BELGIUMEUR36 mthsMore ->
3.00%Centrale Kredietverlening CKV SpaarbankEUR36 mthsMore ->
3.00%vdk bankEUR36 mthsMore ->
2.86%MeDirect BankEUR24 mthsMore ->

 

🔥Top EUR deposit rates - any term:

 

Interest rateBankCurrencyTerm 
4.00%EuropabankEUR36 mthsMore ->
4.00%EuropabankEUR48 mthsMore ->
3.50%Centrale Kredietverlening CKV SpaarbankEUR120 mthsMore ->
3.40%EuropabankEUR24 mthsMore ->
3.40%EuropabankEUR60 mthsMore ->
3.35%Centrale Kredietverlening CKV SpaarbankEUR96 mthsMore ->

 

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.  

 

Top deposits available online

Available online
Protected up to €100k
bankImage

Klarna Bank AB, German Branch

Germany

3.50%

3mths,

Available online
Protected up to €100k
bankImage

CA Consumer Finance

France

3.40%

12mths,

Available online
Protected up to €100k
bankImage

Klarna Bank AB, German Branch

Germany

3.38%

6mths,

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