Rate information and terms of regulated savings accounts

The payment always consists of interest at the base rate and a loyalty premium.

Note: the sum of the interest at the base rate and the loyalty premium applies today only for an amount that remains in your account for one year and as long as the base rate does not change.

Before opening a savings account, read the essential information for depositors. 

Key information for savers - Extended

Key information for savers - Standard

* This account is a category A savings account, i.e. a “classic” savings account with no conditions applicable to either the base interest rate or the loyalty premium.

Two other categories also exist:

Category B: a regulated savings account for which amount conditions apply. For example, limits may apply to the maximum amount that can be held in the account or to the maximum amount that can be paid into the account per month;

Category C: a savings account reserved for a specific age group (for example, a young person's account).

Interest at the base rate is earned from the day after depositing the money in the account until the day on which it is withdrawn. The bank can alter the base rate at any time. Interest at the base rate is paid into your account on the value date (1 January) or when you close the account.

The loyalty premium is only earned on amounts that have remained continuously in the regulated savings account for 12 months after they are deposited. If you withdraw your money before the end of the 12-month period, you will not receive a loyalty premium on that money. This withdrawal will not affect you earning interest at the base rate. This premium runs from the day after the deposit. A new 12-month accrual period starts on the day on which the loyalty premium is earned. The bank can alter the loyalty premium rate at any time. The loyalty premium rate in force at the time of payment or the start of a new period remains unaltered for a period of 12 months. Loyalty premiums that have already been earned are paid into your account on the first day following the quarter in which they were earned, i.e. 1 January, 1 April, 1 July and 1 October, or when you close your account. 

Clients will be notified through their account statements of changes in the rates above.

Costs: our regulated savings accounts are free of charge.

Where to consult Aion Bank’s savings calculator.

Each credit institution develops this savings calculator and applies it to each individual regulated savings account. The aim is to enable you to ascertain the extent to which the various types of interest (base rate and loyalty premium) are earned on a given account, allowing you to assess, in particular, the financial impact of any withdrawal. If you have a regulated savings account with Aion Bank, you can access the savings calculator using your Aion Bank mobile app, via the section Finances --> subsection with RSA products --> Interest Breakdown --> Interest Calculator.

Which account and payment match your needs?

This link https://www.wikifin.be/fr/epargner-et-investir/simulateur-de-comptes-depargne takes you to the web page of the simulator developed by the Belgian supervisory authority (FSMA). After you enter some data in this simulator such as the amount to be saved and the term of the deposit, its purpose is to provide you with a summary of the income per regulated savings account and per institution.

Link to the bank switching service: This link https://www.bankswitching.be/ takes you to Febelfin’s bank switching service where you can find all the necessary information to use this service to switch to another bank, if required.

Main risks

Insolvency risk: In the event of the insolvency or risk of insolvency of the financial institution, depositors risk not recovering their savings or may be required to reduce/convert the amount of their claims against the financial institution above €100,000, an amount covered by the deposit protection mechanism, into capital shares (Bail-in). More information on this protection mechanism can be found on the website of the Guarantee Fund (https://garantiefonds.belgium.be/en).

Inflation risk: Continuous price increases can cause the deposited money to lose value.

General: The savings accounts described on this page are regulated savings accounts of Aion Bank. These products are subject to Belgian law and have an unlimited in duration.

Taxation: Withholding tax is not due on the first tranche of interest received (up to a ceiling of €1,020 for the 2024 income year) per account, per natural person resident in Belgium and per year. This amount is doubled for accounts opened in the name of married or legally cohabiting partners (i.e. a ceiling of €2,040 for the 2024 income year). The withholding tax is 15% on all interest above the ceiling. We automatically withhold this tax at source. If you hold several savings accounts, you must specify the interest received above the ceiling that is not subject to withholding tax on your tax return.

Complaints: If you have a complaint, you can contact us using our chat or write an email to: complaint@aion.be. If you are dissatisfied with the response, you can contact the Ombudsman for Financial Services (www.ombudsfin.be/en).

Aion Bank NV/SA, a credit institution incorporated as a company limited by shares under the laws of Belgium, with registered office at Manhattan Center, Avenue du Boulevard 21, 1210 Brussels, Belgium, registered with the Crossroads Bank of Enterprises under number 403.199.306, VAT BE403.199.306.