Updated on 26 November 2020
Centrale Kredietverlening (CKV) is an independent Belgian savings bank operating since 1956. Centrale Kredietverlening offers a wide range of traditional savings products. Centrale Kredietverlening also specializes in providing mortgage secured loans, both private and professional purposes.
Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Belgium: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 12 month to 10 years (120 months). The interest rates are within the range 0.10 - 0.70 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Belgium.
Average Deposit Rates. In March 2020, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.09 %.
Country Deposit Rating. Belgium's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).
Deposit Guarantee. Time deposit accounts made with credit institutions in Belgium are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Withholding Tax. When the interest is paid, this tax is automatically withhold from the time deposit account by the bank.