Compare Fixed-Rate Savings in Belgium

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What is a Fixed-Rate Savings account in Belgium?

A Belgian fixed-rate savings account, or term deposit (compte à terme / termijnrekening), locks a sum of money for an agreed period at a guaranteed rate. In exchange for giving up access during the term, you typically earn more than an instant-access savings account, with market rates currently running from about 2.5% to 5.5% depending on term and provider.

Providers include Argenta Term, BNP Paribas Fortis Term, Belfius Term, Crelan Term, Europabank Term, Fortuneo Term BE, Bigbank Belgium and MeDirect Belgium.

How the Belgian market works

Term deposits fix both the rate and the maturity date, so you know your return upfront. Terms range from a few months to several years, and longer or promotional terms tend to carry the highest rates. Foreign-owned banks such as Bigbank Belgium and online players like MeDirect Belgium and Fortuneo Term BE often lead the rate tables.

Crucially, term-deposit interest does not benefit from the savings-account tax exemption. Unlike a regulated savings account, all interest on a compte à terme / termijnrekening is subject to the précompte mobilier withholding tax at 30%.

Benefits

Higher guaranteed rates — locking your money can pay up to around 5.5%, well above instant-access accounts.

Rate certainty — the rate and maturity are fixed at the outset, shielding you from later rate cuts.

Choice of term — providers like Belfius Term and Argenta Term offer a range of maturities to match your horizon.

Deposit protection — balances are covered up to €100,000 per person, per bank.

How to choose

Decide how long you can lock the money, since you generally cannot withdraw before maturity without penalty or loss of interest. Then compare the rate for that term across providers; Bigbank Belgium, MeDirect Belgium and Fortuneo Term BE are worth checking alongside Belfius Term, BNP Paribas Fortis Term, Crelan Term and Europabank Term.

Remember to compare net returns after the 30% précompte mobilier, since term-deposit interest has no exemption. A slightly lower rate on a regulated savings account can sometimes net out similarly for small balances.

Leading providers in Belgium

Belfius Term, BNP Paribas Fortis Term, Argenta Term and Crelan Term offer term deposits alongside their main banking relationships. Bigbank Belgium, MeDirect Belgium, Fortuneo Term BE and Europabank Term are known for competitive rates that often sit toward the top of the range.

What it costs

There is usually no account fee for a term deposit; the main cost is flexibility. Accessing money before maturity typically triggers a penalty or loss of interest. Tax also weighs on returns: all interest is taxed at 30% précompte mobilier with no exemption, so always compare net-of-tax yields.

Protections and regulation

Term-deposit providers are supervised by the National Bank of Belgium (NBB). Eligible deposits are protected up to €100,000 per depositor, per institution under the Belgian deposit guarantee scheme, so a locked term deposit carries the same safety net as a current or savings account.

Common questions

Can I access my money early? Generally not without penalty; the rate is offered precisely because you commit for the full term.

Is the interest taxed? Yes, at 30% précompte mobilier with no exemption, unlike a regulated savings account.

Are term deposits guaranteed? The rate is fixed for the term and the balance is protected up to €100,000 per bank.

Fixed-Rate Deposits in Belgium — FAQ