Best savings accounts in Belgium

Belgium
On a regulated Belgian savings account the first €1,020 of interest a year is untaxed. A term deposit, or an account that is not regulated, is taxed at 30% from the first euro. The rates here are gross, so the gap matters.
BE

Best rates available in Belgium

Checked on 28 September 2026. 9 savings accounts, term deposits and money market funds from 8 providers accept someone resident in Belgium. The three highest rates:

  • bunq, Easy Savings at 3.01%, instant access, no minimum, deposit guarantee: Netherlands, up to €100,000.
  • Trade Republic, Interest on cash at 3.00%, instant access, no minimum, deposit guarantee: Germany, up to €100,000.
  • Revolut, Instant Access Savings at 2.50%, instant access, no minimum, deposit guarantee: Lithuania, up to €100,000.

8 of the 9 are covered by a national deposit guarantee scheme. The best rate you can withdraw at any time is 3.01% at bunq, and the best fixed term is 2.50% at BluOr Bank. Rates are variable unless the entry says the term is fixed.

What to know if you live in Belgium

Deposits are covered up to €100,000 per person per institution by the Garantiefonds voor financiële diensten (Guarantee Fund).

On a regulated savings account the first €1,020 of interest a year is exempt, €2,040 for a married couple or legal cohabitants, and 15% applies above that. A savings account that is not regulated, and a term deposit, are taxed at 30% (Wikifin, FSMA). A Belgian bank withholds. A bank in another country withholds nothing Belgian, so the interest goes in the movable income part of your return, and if several regulated accounts together pass the exempt amount you have to declare the excess even though no bank withheld anything (Wikifin).