From 1 November those with savings accounts with Belfius will see the rate of interest that they receive on their savings increase. Those with Belfius Fidelity savings accounts will see interest rates rise sharply to 2%. Meanwhile, those with classic savings account will receive an interest rate of 1.10% on the money that they have deposited on their accounts.
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Belfius is the first high street bank to increase interest rates for savers since the successful state bonds’ launch
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Belfius is the first big high street bank to increase the interest rates it offers savers since the successful one-year government bonds launch in the summer.
The rate of interest on a classic savings account, the account that most savers have with Belfius is up by 0.2% to 1.1%. This consists of an annual basic rate of interest of 0.55% (up by 0.1%). The loyal bonus too is to increase by 0.1% to 0.55%.
Meanwhile, savers that have a Belfius Fidelity, a new account that was launched earlier this year, will see the interest that they receive on their saving rise even more sharply. From 1 November they will recieve 2%, a rise of 0.75% on what they receive now.
The basic rate of interest will rise from 0.1% to 0.2%, while the loyal bonus will rise from 1.05% to 1.75%. The loyalty bonus is payable on sums that remain on an account for at least one full year.