Belfius lowers rates on its savings account

In mid-December, the European Central Bank (ECB) decided to lower its rates by 25 basis points, in response to inflation close to its 2% target. This fourth drop since June brought the deposit rate, which serves as a benchmark for credit conditions in the economy, to 3.0%.

The base rate for the Belfius savings account therefore increases, from February 1, from 0.55% to 0.50% while the loyalty bonus will decrease from 0.55% to 0.40%. “For payments made to the savings account before January 31, 2025, the old loyalty bonus still applies. From January 31, 2025, the new loyalty bonus will apply to new deposits as well as on previous deposits which have remained on the account for 12 months”, specifies Belfius.