Time deposit account and savings certificate

Time deposit account and savings certificate

Invest with a fixed term and a fixed interest rate

  • Invest with a fixed term
  • Invest with a fixed interest rate
  • Invest with capital protection
     

Why opt for a time deposit account or savings certificate?

A time deposit account or savings certificate earns a fixed interest rate, which is set at the time you subscribe. You yourself choose the term from the range of possibilities offered. However, you won't be able to access your money again until the predetermined period has lapsed.

Return

Your return will depend on, among other things:
- the term
- the currency

What’s the difference between a time deposit account and a savings certificate?

Time deposit account

A time deposit account is a term investment on a term investment account with a predetermined term and a predetermined interest rate.

Savings certificate

A savings certificate is an acknowledgement of debt issued by the bank. In return, the bank pays a predetermined rate of interest at set times and pays back all the capital at maturity.

Offering in euros

KBC Brussels Savings Certificate 1-5 Years in EUR

The KBC Brussels Savings Certificate 1-5 Years is a savings certificate that fully anchors the capital and pays an annual coupon.

Term Gross interest rate* Net interest rate**
1 year  0.01% 0.007%
2 years  0.01% 0.007%
3 years  0.01% 0.007%
4 years  0.01% 0.007%
5 years  0.01% 0.007%

Minimum subscription amount: 500 EUR
Type of issue: savings certificate

KBC Brussels Maxibond 2-5 Years in EUR

The KBC Brussels Maxibond 2-5 Years is a savings certificate that fully anchors the capital and capitalises the interest.

 

Term Gross interest rate* Net interest rate**
2 years 0.01% 0.007%
3 years 0.01% 0.007%
4 years 0.01% 0.007%
5 years 0.01% 0.007%

Minimum subscription amount: 500 EUR
Type of issue: savings certificate

KBC Brussels Annuity Savings Plan in EUR

 

Term Gross interest rate* Net interest rate**
3 years 0.01% 0.007%
4 years 0.01% 0.007%
5 years 0.01% 0.007%
6 years 0.01%
0.007%
7 years 0.01% 0.007%
8 years 0.01% 0.007%

Minimum subscription amount: 10,000 EUR
Type of issue: time deposit account with capital reduction

* Annualised credit interest rate before deduction of withholding tax.
** Annualised credit interest rate after deduction of (currently) 30% withholding tax. Some investors in time deposit accounts and non-capitalisation savings certificates may qualify for an exemption if they meet certain conditions. No exemption from withholding tax for capitalisation savings certificates.

Offering in foreign currencies

KBC Brussels Time Deposit

Term: from 3M (91 days) day to 364 days
Minimum subscription amount: depends on currency
Possible currencies: AUD, CAD, CZK, GBP, NOK, NZD, PLN, TRY, USD and ZAR

The rates for KBC Brussels Foreign-Currency Time Deposits change continually. The rate is guaranteed at the time of subscription for the full term.


For current rates, you can always contact your KBC Brussels Team or go to www.kbc.be/ask-your-question.

KBC Brussels Savings Certificate USD 1-2-3Y

Term Gross interest rate* Net interest rate**
1 year 0,05%
0.035%
2 years 0.05%
0.035%
3 years 0.05%
0.035%

The KBC Brussels Savings Certificate USD 1-2-3Y is a savings certificate that fully anchors the capital and pays an annual coupon.

Minimum subscription amount: 500 USD
Type of issue: savings certificate

KBC Brussels Maxibond USD 18M

The KBC Brussels Maxibond USD 18M is a savings certificate that fully anchors the capital and capitalises the interest.

Interest payment Gross interest rate* Net interest rate**
after 18 months – with capitalisation
0.05%
0.035%

Minimum subscription amount: 500 USD
Type of issue: savings certificate

* Annualised credit interest rate before deduction of withholding tax.
** Annualised credit interest rate after deduction of (currently) 30% withholding tax. Some investors in time deposit accounts and non-capitalisation savings certificates may qualify for an exemption if they meet certain conditions. No exemption from withholding tax for capitalisation savings certificates.

Charges

There are no entry or exit charges if you keep the time investment until maturity.

Risks

  • A time deposit account or savings certificate is relatively safe: the capital is repaid by the issuing bank at the predetermined maturity date. If the bank goes bankrupt or is unable to repay your capital, the capital of your term investment will still be covered by the deposit guarantee scheme for an amount of up to 100.000 euros per person and per bank.
  • Exchange rate risk.
  • If you sell your savings certificate before maturity, bear in mind that the price may then fluctuate under the influence of market volatility and interest rates. In the event of early withdrawal, you also pay exit fees.

Tax treatment

The income generated is subject to Belgian withholding tax of (currently) 30% on the gross amount of the interest. Some investors may qualify for an exemption if they meet certain criteria. The tax treatment information applies to individual investors with earned income subject to Belgian personal income tax. The tax treatment will depend on your individual circumstances and may change in the future.

What you need to know

  • Belgian law applies to these products
  • No key information for savers document is available for these time deposit accounts and savings certificates.
  • The savings certificates and time deposit accounts depicted here are products of KBC Brussels NV, Havenlaan 2, 1080 Brussels, Belgium. VAT BE 0462.920.226, RLP Brussels, FSMA 026256. A Member of the KBC Brussels group.
  • If you have a complaint, please contact KBC Brussels Complaints Management, Brusselsesteenweg 100, 3000 Leuven, complaints@kbc.be, tel. 0800 620 84 (free of charge) or + 32 78 15 20 45 (charges apply), fax + 32 16 86 30 38 and/or ombudsman in financial conflicts: ombudsman@ombudsfin.be.
  • In case of the financial institution's bankruptcy or risk of bankruptcy, the saver runs the risk of losing their savings or may be subject to a reduction/conversion into shares (bail-in) of the amount of the claim they have against the financial institution for the sum above 100 000 euros that is covered under the deposit guarantee
  • You can subscribe to a savings certificate or a time deposit account at your bank at any time. If you want to sell your savings certificates/time deposit accounts before maturity, your bank may buy them back (please note that it is not obliged to do so). The value you then get, depends on the market's interest rates and the costs charged by the bank. So it is by no means certain that you will recover your initial capital.
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