{"type":"document","data":{"complementaryZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Also check out"},{"cards":[{"body":"What factors do they depend on? How are they calculated?","cardSize":"medium","cardType":"article","componentType":"articleCard","date":"2025-12-16","image":{"altTextDE":"\"","altTextEN":"\"","altTextFR":"\"","altTextNL":"\"","extension":"jpg","original":"https://assets.ing.com/m/22bd6a74aa4c01c5/original/Two-colleagues-laugh-while-having-coffee-together-on-outdoor-terrace.jpg","transformBaseUrl":"https://assets.ing.com/transform/52b57a4f-3d47-43e6-91d3-36568f5f8e77/Two-colleagues-laugh-while-having-coffee-together-on-outdoor-terrace","type":"image","width":5616},"link":{"url":"/en/individuals/saving/interest-rates-savings-account"},"title":"Interest on a savings account: everything you need to know."},{"body":"Explore long-term savings plans including long-term savings accounts, pension savings and mutual funds, with simple long-term savings tips.","cardSize":"medium","cardType":"article","componentType":"articleCard","date":"2023-06-20","image":{"extension":"jpg","original":"https://assets.ing.com/m/46336df3cefa6ddf/original/Mature-couple-enjoying-while-riding-bicycle.jpg","transformBaseUrl":"https://assets.ing.com/transform/023e4c6f-966b-408e-a5c3-cd8f1085c0d7/Mature-couple-enjoying-while-riding-bicycle","type":"image","width":1920},"link":{"url":"/en/individuals/saving/long-term-savings-explained"},"title":"Long-term savings: how to save for your future "},{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"png","original":"https://assets.ing.com/m/14b3c2115ab00676/original/Foto-persoonlijke-landingspagina.png","transformBaseUrl":"https://assets.ing.com/transform/578b0fd1-d05c-46ea-973f-c77f5dff85fd/Foto-persoonlijke-landingspagina","type":"image","width":250},"intro":"Discover attractive interest rates on our new savings offers","link":{"url":"/en/individuals/saving/compare-savings-accounts"},"title":"Grow your savings"}],"componentType":"cards"}]},"contentType":"onecms:editorialPage","flexPageMetadata":{"afmBanner":false,"description":"What is a savings account? How do savings account interest rates work? ING Belgium’s guide explains how these regulated and non-regulated bank accounts work.","robotInstruction":{"noFollow":false,"noIndex":false}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"The purpose of a savings account"},{"componentType":"paragraph","richBody":{"value":"<p>The purpose of a savings account is to put money aside for things like unforeseen events, home improvements, holidays or other longer-term projects. In the past, banks offered a paper savings book with a savings account, although increasingly these are managed digitally.</p><p>There are two types of savings account:</p><ul><li>Regulated savings accounts</li><li>Non-regulated savings accounts</li></ul>"}},{"componentType":"highlight","richBody":{"value":"<ul><li>The basic interest which starts accruing the day after your money is paid in</li><li>The loyalty bonus which is earned if your savings remain in the account for 12 months</li></ul>"},"title":"For regulated savings accounts, interest is made up of:"},{"componentType":"sectionTitle","title":"A regulated or non-regulated savings account?"},{"componentType":"paragraph","richBody":{"value":"<p>Most savings accounts in Belgium are regulated, i.e. they comply with certain rules laid down by law.</p><p>A savings account is said to be regulated when, among other things, basic interest and a loyalty bonus are paid into it. If the basic rate and loyalty bonus comply with certain rules, withholding tax is not payable on interest (up to €1,020 interest per year).</p><p>A non-regulated savings account does not necessarily comply with these rules. As a result, withholding tax is payable on the first cent of interest.</p><p>At ING, we offer <a data-type=\"internal\" href=\"/en/individuals/saving/compare-savings-accounts\">a range of regulated savings accounts</a> to meet different savings needs.</p>"}},{"componentType":"sectionTitle","title":"What are the advantages of a savings account?"},{"componentType":"highlight","richBody":{"value":"<ul><li><span><span><span><strong>Free</strong>:<strong> </strong>t</span></span></span><span><span><span>here is no charge for opening and managing an account.</span></span></span></li><li><span><span><span><strong>Protection of deposits</strong>: t</span></span></span><span><span><span>he money you deposit in a regulated savings account is protected by the <a href=\"https://www.fondsdegarantie.belgium.be/fr\">Belgian State <span><span>Guarantee Fund</span></span></a> up to 100,000 euros.</span></span></span></li><li><span><span><span><strong>Availability</strong>: y</span></span></span><span><span><span>our money is not blocked in your savings account. You can transfer all or part of your money to your current account at any time, in real time. </span></span></span></li></ul>"},"title":"What are the advantages of a savings account?"},{"componentType":"sectionTitle","title":"Does the savings account have a fixed term?"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span><span><span><span>The savings account has no maturity date and therefore no fixed term. You can pay money into your savings account at any time. The time at which you make a payment or a withdrawal determines the <a href=\"https://www.wikifin.be/fr/epargner-et-investir/compte-depargne/que-vous-rapporte-votre-compte-depargne\"><span><span><span>amount of interest you earn</span></span></span></a>.</span></span></span></span></span></span></p>"}}]},"hasMacro":false,"id":"d2db0ea5-0522-418a-a746-8e0c117e85de","legalZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"<p>Opening a savings account is subject to prior acceptance by ING and mutual agreement. The terms and conditions of ING savings accounts (general and special terms and conditions, rules, regulations, product sheets, key information for savers for regulated savings accounts and other additional information) are available from ING branches, at www.ing.be and over the phone at <a href=\"tel:0032 2 464 60 04\">+32 (0) 2 464 60 04</a>.</p><p> </p>"}}]},"localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Saving","url":"/en/individuals/saving"}},"componentType":"editorialHeader","coreHeader":{"subtitle":"A savings account is a bank account into which you deposit money you intend to save. In return, the bank pays you interest, if the interest rate is positive. Savings account interest rates vary by bank and fluctuate over time.","title":"What is a savings account?"},"date":"2025-12-14","readingTime":4},"publishDate":"2026-01-06T14:38:44.702+01:00"}}