Save on your (fixed) terms
Our term deposit account is the formula for money you want to invest a predetermined period of time with a fixed return. Choose between a duration from 1 to 10 year.
You'll get your invested capital fully reimbursed on the maturity date of the term deposit and your interest too of course.
For the term deposit account there is no document 'Key information for savers' available.
Characteristics of our Term Deposit
A term deposit account is quite simple as an investment. You fix an amount for a specific period. In exchange, we give you a 'fixed' interest rate known in advance. The term deposit account is an account under Belgian law of Keytrade Bank, Belgian branch of Arkéa Direct Bank SA (France).
Fixed interest rate
The interest rate for the amount deposited at the opening of the term account is fixed during the chosen term. Our interest rates vary according to the amount deposited and the chosen term.
Amount and duration
Open your term deposit account easily online. The minimum amount is 5000EUR , the maximum amount is 2 500 000EUR . You can choose any term between 1 year and 10 years.
Taxation
On the basis of current tax legislation - which may be subject to change - the income of a term deposit account is subject to a withholding tax of 30% for private investors subject to Belgian personal income tax.
Charges
There are no entry or exit charges if you keep the time investment until maturity.
Charges in case of exit before maturity - In this case, the cost of an exit depends on the remaining term of the term account and the refinancing rates applicable at that time, plus a penalisation rate of 0.5%.
Risks?
You have take into account the credit risk of the bank. In the event of bankruptcy or restructuring imposed by the competent supervisory authority to avoid bankruptcy, the investor runs the risk of not recovering his investment or may be subject to a reduction/conversion into shares (Bail-in) of the amount of the claim he has in the bank more than EUR 100,000, which is covered by the French deposit guarantee. More information about this protection system can be found on this website.
Liquidity risk: the capital is not available until after the end of the investment period.
Inflation risk: the continuously rising prices may lead to a possible loss of value of your savings.
Check out our term deposit interest rates
For deposits from 5000EUR to 50 000EUR
| Duration | Gross interest rate | Net interest rate |
|---|---|---|
1 year | 2.75% | 1.93% |
2 years | 1.56% | 1.09% |
3 years | 1.63% | 1.14% |
4 years | 1.71% | 1.20% |
5 years | 1.77% | 1.24% |
6 years | 1.84% | 1.29% |
7 years | 1.91% | 1.34% |
8 years | 1.97% | 1.38% |
9 years | 2.02% | 1.41% |
10 years | 2.04% | 1.43% |
For deposits from 50 000,01EUR to 250 000EUR
| Duration | Gross interest rate | Net interest rate |
|---|---|---|
1 year | 2.75% | 1.93% |
2 years | 1.76% | 1.23% |
3 years | 1.83% | 1.28% |
4 years | 1.91% | 1.34% |
5 years | 1.97% | 1.38% |
6 years | 2.04% | 1.43% |
7 years | 2.11% | 1.48% |
8 years | 2.17% | 1.52% |
9 years | 2.22% | 1.55% |
10 years | 2.24% | 1.57% |
For deposits from 250 000,01EUR to 2 500 000EUR
| Duration | Gross interest rate | Net interest rate |
|---|---|---|
1 year | 2.75% | 1.93% |
2 years | 1.96% | 1.37% |
3 years | 2.03% | 1.42% |
4 years | 2.11% | 1.48% |
5 years | 2.17% | 1.52% |
6 years | 2.24% | 1.57% |
7 years | 2.31% | 1.62% |
8 years | 2.37% | 1.66% |
9 years | 2.42% | 1.69% |
10 years | 2.44% | 1.71% |
Applicable law
Belgian law
Complaints?
If you have a complaint, please contact our Quality Care Service: qualitycare@keytradebank.com. If the complaint is not handled to your full satisfaction, you may submit it to the Mediation Service Banks Credit Investments:www.ombudsfin.be-ombudsman@ombudsfin.be