12.3.2024

March 2024 Overview: Deposit Market in Belgium

3 min read

Explore the latest trends in Belgium's deposit market for March 2024 with insights from PickTheBank. Discover notable shifts in interest rates amidst economic fluctuations and uncover the impact of inflation dynamics on the EU market.

In March 2024, the deposit market in Belgium continues to attract attention from investors seeking to preserve and grow their capital amidst rapidly changing economic conditions. In this review, we will examine the current state of the deposit market in Belgium as provided by the PickTheBank platform.

PickTheBank offers convenient access to information on deposit opportunities not only in Belgium but also across the entire European market, considering key factors such as the role of the ECB and inflation dynamics. Based on the latest data published by the ECB, the analysis shows a significant increase in the average interest rate on annual deposits in Belgium. Last month, this indicator decreased to 3.43%, reflecting a noticeable decline compared to the previous month's rate of 3.51%.

During the analysis, we meticulously examined the offerings of 17 Belgian banks providing fixed-term deposit interest rates. As a result, we present 262 specific products specifically tailored to the Belgian deposit market.

It is noteworthy that the maximum interest rate on one-year euro deposits has risen to 3.00%, and the maximum interest rate on long-term euro deposits in Belgium now stands at 3.05%. Both rates show a significant decrease compared to the values of previous months.

🔥Top EUR deposit rates - any term:

Interest rate	Bank	Currency	Term
3.05%	Centrale Kredietverlening	EUR	60 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 ->
2.90%	Europabank	EUR	24 mths	More ->
2.90%	TRIODOS BANK	EUR	12 mths	More ->
2.86%	MeDirect Bank	EUR	12 mths	More ->

On our website PickTheBank.eu, extensive information on fixed-term deposits and savings accounts in Belgium is available, allowing investors to choose the most advantageous investment options. Additionally, the website provides information on fixed-term deposits offered by 25 European countries, providing investors with a wide choice of over 25,000 investment products.

It is important to note that the presented rates are quoted before taxes and do not account for changes in the frequency of interest payments. To ensure maximum accuracy and timeliness of information, we strongly recommend verifying rates directly with the respective banks before making any final decisions.