{"type":"document","data":{"id":"0a2e145d-0734-431e-bb11-49fc407bb286","localeString":"en-GB","publishDate":"2026-02-23T09:00:00.037+01:00","contentType":"onecms:productPage","hasMacro":false,"flexPageMetadata":{"afmBanner":false,"robotInstruction":{"noIndex":false,"noFollow":false},"description":"Invest and enjoy a fixed and guaranteed return with the Government Savings Certificate!"},"mainHeaderZone":{"componentType":"productHeader","cta":{"componentType":"cta","textLink":{"url":"/en/individuals/investing/ing-self-invest","text":"Discover ING Self Invest"}},"secondaryCta":{"textLink":{"text":"Discover the new Government bond"}},"coreHeader":{"body":"A Government Savings Certificate is a bond issued by the Belgium government with a yearly fixed coupon in euros. On the final maturity date, you receive 100% of the invested capital, except in case of bankruptcy or default by the Belgium government.","headerImage":{"transformBaseUrl":"https://assets.ing.com/transform/4efb165a-121f-4084-a91c-55198d0db8b7/Man-and-woman-in-a-car","type":"image","width":1920,"original":"https://assets.ing.com/m/773d916fca9c9aee/original/Man-and-woman-in-a-car.jpg","extension":"jpg"},"title":"Government Savings Certificate"},"backLink":{"textLink":{"url":"/en/individuals/investing","text":"Investing"}}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Government Savings Certificates in a nutshell"},{"componentType":"productFeatures","image":{"transformBaseUrl":"https://assets.ing.com/transform/35a3a8be-5120-4176-b7ce-8f856dc3938c/Investments","type":"image","width":80,"altTextNL":"Beleggingen","original":"https://assets.ing.com/m/6086e195edd125dc/original/Investments.svg","extension":"svg"},"highlighted":false,"items":[{"body":"You know in advance what the yield on your certificate will be.","title":"Fixed return"},{"body":"You can sell your Government Savings Certificate on the secondary market at any time. Its value may fluctuate, favourably or unfavourably, due to various factors.","title":"Easy to sell"},{"body":"The main risks are market risk, credit risk and liquidity risk. You can find this information further down this page under 'Main risks'.","title":"Risks"}]},{"componentType":"sectionTitle","title":"What are Government Savings Certificates?"},{"componentType":"paragraph","richBody":{"value":"<p>They are fixed-yield bonds with an annual coupon, issued by the Belgian state in euros for non-professional investors. They are issued on the primary market 4 times a year (March, June, September and December) and the security is quoted on the Brussels Stock Exchange.</p><p>ING Belgium is one of the investment institutions authorised by the Ministry of Finance.</p>"}},{"componentType":"sectionTitle","title":"The benefits of a Government Savings Certificate"},{"componentType":"paragraph","richBody":{"value":"<ul class=\"check-mark\"><li>Fixed annual coupon in euros.</li><li>Repayment of 100% of the invested capital on the final maturity date.</li><li>You can sell a Government savings Certifcate on the secondary market every bank business day.</li></ul>"}},{"componentType":"sectionTitle","title":"Main risks"},{"componentType":"paragraph","richBody":{"value":"<ul class=\"check-mark\"><li><strong>Credit risk</strong>: Is the risk that the invested capital and the coupons will be partially or not repaid in the event of bankruptcy or default by the Belgian government.</li><li><strong>Market risk:</strong> the value of Government Savings Certificate may fluctuate as a result of various factors, including changes in interest rates. Investors wishing to sell their Government Savings Certificate prior to the final maturity must do so at the market price. This may result in a gain or loss from the par value. favourably or unfavourably, due to various factors.</li><li><strong>Liquidity risk</strong>: A liquidity provider designated by the State ensures the liquidity of the Government Savings Certificates. This means that you can buy or sell a Government Savings Certificate every bank working day.</li></ul>"}},{"componentType":"sectionTitle","title":"Fees and taxation"},{"componentType":"paragraph","richBody":{"value":"<p>Fees</p><ul><li>Subscription fee: 0%</li><li>Transactional costs for a sale before maturity: 0.50% (min. 50 euros).</li><li>Custody fee: <ul><li>Issued before 1/01/2024: 0.01% / month (with a min. of 0.25 EUR/ month), except for BE3871291212 (issued on 4/09/2023): 0%</li><li>Issued as from 1/01/2024: 0%</li></ul></li><li>Distribution fee: ING receives a fee from the Belgian Government on the amount subscribed by it depending on the term (1 year: 0.10%, 3 years: 0.75%, 5 years: 0.95% and for 8 and 10 years: 1.15%), plus a variable remuneration of a maximum of 0.20% which depends on the amount placed.</li></ul>"},"textLinks":[{"url":"https://assets.ing.com/m/2dbfdfb6dd2baf82/original/TariefRoerendeWaardeNewEN.pdf","text":"For the full charges overview, please refer to the list of charges applied to the main investment services and transactions (PDF) of ING Belgium."}]},{"componentType":"paragraph","richBody":{"value":"<p>Taxation</p><ul><li>Withholding tax: The coupons from this bond are currently subject to withholding tax at a rate of 30%.</li><li><span><span><span><span><span><span>Tax on stock market transactions (TOB):</span></span></span></span></span></span><ul><li><span><span><span><span><span><span>During the subscription period and at the final maturity: no tax</span></span></span></span></span></span></li><li><span><span><span><span><span><span>If bought or sold on the secondary market, and if the transaction takes place in Belgium: 0,12%, with a maximum of EUR 1.300.</span></span></span></span></span></span></li></ul></li></ul><ul><li>Tax on securities accounts: 0,15% (if applicable).</li></ul>"}},{"componentType":"sectionTitle","title":"Interested in a Government Savings Certificate?"},{"componentType":"paragraph","richBody":{"value":"<p> </p><ul><li>When a new issue is available: purchase via <a href=\"https://www.ing.be/en/individuals/investing/ing-self-invest\">ING Self Invest</a>, menu &apos;Transactions and Management&apos; and then &apos;IPO&apos;s and issues&apos;.</li><li>Consult the webpage from the <a href=\"https://www.debtagency.be/fr/productsbeinfo\">Belgian Debt Agency (FR)</a></li><li><a href=\"https://assets.ing.com/m/274c4a0d4cb91cf8/original/sbe_brochure_fr.pdf\">For more information, refer to the brochure of the most recent issue (PDF - FR).</a></li></ul>"}},{"componentType":"sectionTitle","title":"Complaints department"},{"componentType":"paragraph","richBody":{"value":"<p>Contact us online: <a href=\"https://www.ing.be/en/retail/daily-banking/cards-and-payments/complaint-handling\">www.ing.be/complaints</a>, call us: +32 2 464 60 04 or send us a letter: ING Complaint Management, Cours Saint-Michel/Sint-Michielswarande 60, 1040 Brussels. If you are not satisfied with the response, contact the financial disputes ombudsman, North Gate II. Avenue Roi Albert II 8. 1000 Brussels (<a href=\"https://www.ombudsfin.be/welkom-%E2%80%93-bienvenue-%E2%80%93-welcome-%E2%80%93-willkommen/\">www.ombudsfin.be</a>).</p>"}},{"componentType":"sectionTitle","title":"Buy a Government Savings Certificate"},{"componentType":"applicationProcess","steps":{"stepList":[{"title":"Via ING Self Invest","body":"No ING Self Invest account yet?"}]}},{"componentType":"cta","textLink":{"url":"/en/individuals/investing/ing-self-invest","text":"Discover ING Self Invest"}},{"componentType":"sectionTitle","title":"Services and contact"},{"componentType":"cards","cards":[{"componentType":"serviceCard","cardType":"service","cardSize":"small","title":"Any questions?","intro":"Find out more!","image":{"transformBaseUrl":"https://assets.ing.com/transform/20f1c7c4-c7c1-4be5-a1b1-095f57a89efc/Pencil-bubble_Outline_RGB","type":"image","width":267,"altTextEN":"\"\"","altTextNL":"\"\"","altTextFR":"\"\"","altTextDE":"\"\"","original":"https://assets.ing.com/m/4881bcedb44bebe7/original/Pencil-bubble_Outline_RGB.png","extension":"png"},"link":{"url":"/en/business/services"}},{"componentType":"serviceCard","cardType":"service","cardSize":"small","title":"Is investing right for you?","intro":"Investments: are they a good alternative to savings?","image":{"transformBaseUrl":"https://assets.ing.com/transform/50af64a1-9731-411c-b11d-01f974a1512f/Savings_goals-Tools_Filledin","type":"image","width":24,"altTextNL":"\"\"","original":"https://assets.ing.com/m/3632dc544062b6b6/original/Savings_goals-Tools_Filledin.svg","extension":"svg"},"link":{"url":"/en/individuals/managing-my-assets/investment-academy/five-mistakes-when-start-investing"}}]},{"componentType":"paragraph","richBody":{"value":"<p></p>"},"textLinks":[{"url":"/en/individuals/services","text":"More services and how to contact us"}]}]}}}