In brief, what is it?

Got money to save? Place it in your Traditional savings account*. It's a regulated savings account where your money is safe and available. And if you want to make your wishes come true, like take a holiday or get your urban garden made to measure or finally get your made-to-measure vegetable plot, you just use the money that you have saved.

A free savings account.
An interest rate of 0,01% gross annually.
A loyalty premium of 0,10%.
Your money available at all time. You use it as you want, when you want.
No costs, only rewards.

Some reading before you open an account: “Essential information for savers”.

The Traditional savings account is a product of indefinite duration.
A fee of €2.50 is imposed on accounts with a balance of less than €25, with no transactions for ten years and where the holder is at least 24 years old and does not hold any other account with BNP Paribas Fortis.

*A regulated savings account marketed by BNP Paribas Fortis SA/NV under Belgian law, Montagne du Parc 3, B-1000 Brussels – Brussels Register of Companies – VAT BE 0403.199.702.

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Interest rates

A basic interest rate of 0,01% gross annually is calculated per day.

A loyalty premium of 0,10% gross annually is calculated on every deposit that remains on the account for 12 months consecutively without interruption, and is guaranteed during the (entire) acquisition period.

The base rate and the loyalty premium are subject to fluctuations depending on market conditions or any changes to legally authorized limits.

No bad surprises.
If the base rate and/or loyalty premium is modified, you’ll be kept informed by a notice included with your bank statements.
This way, you’re always informed and ready to go.

Money always available

When you’ve got money (whatever the amount) you deposit it in your account. You know it’s there, cool. And if you want to splurge or respond to a need you’re never short, you just transfer the amount you want to your Hello current account.

Fiscal advantages

You don’t pay taxes on interests up to €980 (in 2019). For married couples or cohabitants that open a joint savings account, it’s double the fun, €1960. If interest exceeds €980 you only pay a 15% tax on the additional amount.

Risk for the saver

In case of bankruptcy or risk of bankruptcy of the concerned financial institution, the saver risks to lose his savings or he can be submitted to a diminishment/conversion in stocks (Bail-in) of the claim the saver has on the financial institution, for the amount that exceeds the saving deposit guarantee of €100.000.

Complaints and Right of Recourse

Complaints can be made to the Bank through the Hello team or by using the complaint form.

If the proposed solution is not satisfactory, the holder can file a written complaint to the Bank’s Complaints Management section by sending a letter to the following address:

BNP Paribas Fortis SA/NV - Complaints Management
Montagne du Parc/Warandeberg 3, B-1000 Brussels
Tel.: +32 2 228 72 18

If the holder is not satisfied with the solution proposed by the Bank’s Complaints Management section, they can present the dispute as a private issue of a natural person to Ombudsfin - Ombudsman for Financial Matters, either by sending a letter to the following address or by using the complaint form on the Ombudsfin website:

OMBUDSFIN - Ombudsman for Financial Matters
North Gate II, Boulevard du Roi Albert II, n°8, box 2, B-1000 Brussels
Fax: +32 2 545 77 79
E-mail: ombudsman@ombudsfin.be
www.ombudsfin.be

How can I open my Traditional savings account?

Through the app Hello bank! In the "My Accounts" menu, click on the "Add Products" icon.
Please read the "Essential Information for Savers" before opening your account.

You can also call the Hello team at 02 433 41 45 (Monday to Friday 7am to 10pm and Saturday from 9am to 5pm).

The Traditional savings account