Opening, closing and managing the ING Term Account are free of charge, but there may be fees linked to your reference account. The account statements in Business'Bank or Telelink Online are also free of charge.
The costs of sending the account statements of the term account are €5 per year + postal charges.
"}},{"componentType":"sectionTitle","title":"Tax"},{"componentType":"paragraph","richBody":{"value":"
Interest is subject to a 30% withholding tax, which is automatically deducted at source by ING in accordance with Belgian tax regulations.
This tax treatment generally applies to professional clients (legal entities and self-employed individuals) subject to Belgian taxation in a standard tax situation. Different tax treatments may apply depending on your specific tax situation.
If the ING Term Account is opened in foreign currency, additional tax rules may apply, including potential taxation of capital gains. For more details, please refer to the FAQ below.
During the first 14 days after opening, you have the right to close your ING Term Account free of charge. After this period of fourteen days, the ING Term Account can no longer be closed early.
"}},{"componentType":"sectionTitle","title":"Risks"},{"componentType":"paragraph","richBody":{"value":"The ING Term account is an ING Bank Belgium SA/nv term account. Belgian law alone applies.
Bankruptcy risk: your savings of up to €100,000 are protected by the guarantee on savings deposits. In the event of ING going bankrupt or in the event of a risk of bankruptcy, you may lose savings in excess of this amount or be required to reduce/convert them into shares.
Inflation risk: rising prices (inflation) can have a negative impact on your purchasing power.
Foreign exchange risk: in the case of foreign currency term deposits, there is a foreign exchange risk.
A term account or term deposit is an account on which you deposit a fixed amount for a fixed period. At the end of that period the capital and interest will be automatically paid to the ING account of your choice (e.g. current account, savings account or invest account). You get a fixed interest rate.
ING Term Accounts are linked to a reference account (ING Current Account or ING Invest Account). The holders, the proxy holders, as well as the powers of attorney, linked to the ING Term Account are identical to those linked to the reference account.
Once opened, you can easily check the balance of your ING Term Account on your smartphone via the ING Banking app, on your computer with Business'Bank/Telelink Online, or at a branch.
You can easily monitor your account balance and interest via Business'Bank, Telelink Online or your account statements.
"},"title":"Can I manage my term account online?"},{"richBody":{"value":"This information is provided to you subject to any modifications that may be made, within the framework of the legislative procedure, to the proposal drawn up by the Government.
From 1 January 2026, new Belgian tax regulations will make capital gains on the sale of “financial assets” taxable. Among other things, these assets include cash holdings in foreign currencies (currencies other than the euro). Foreign exchange gains will be treated for tax purposes as capital gains taxable at a rate of 10%.
Taxpayers subject to taxation in Belgium are liable for this new tax:
those subject to personal income tax (hereinafter “IPP taxpayers”); and
those subject to corporate income tax (hereinafter “IPM taxpayers”), except in cases provided for by law.
As for the banking products concerned, term accounts in foreign currencies would be affected, but not current accounts in foreign currencies.
What this means for you:
a foreign exchange gain is taxable at 10%. This taxable income must be declared
by IPP taxpayers in their income tax return;
by IPM taxpayers in a withholding tax return (form no. 273).
a foreign exchange loss is deductible. IPP and IPM taxpayers may declare this deductible loss in their tax return.
Under no circumstances will the bank withhold this 10% tax at source: Belgian tax regulations do not provide for this. It is the responsibility of the taxpayer to declare this income as required.
Special case: purchases made before 1 January 2026
For currency purchases made before 1 January 2026, the exchange rate applicable on 31 December 2025 will be used as a reference to calculate the gain or loss realised from 1 January 2026.
If you're not an ING customer yet and would like to open an ING Term Account, please complete the contact form. Our team will contact you shortly.
"},"title":"I am not an ING customer yet. How do I open this account?"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"Complaints"},{"componentType":"paragraph","richBody":{"value":"Our Complaints Department and Ombudsman are there to help you.
How do I file a complaint?
Please read the following documents before opening an ING Term Account.
No Essential information for savers document is available for this account.