The government took the astounding decision to cap the interest on the e-DEPO account at 2.5 percent of the total. Today the fee is still 3.1%, which means it will be down 60 basis points from next month.
Do you want to stay informed of everything that is happening in the financial world? Nils Silence, a journalist with a passion for money, follows it all closely. during this link You can subscribe to the weekly newsletter.
Why is this important?In recent months, the Bureau of Depository and Forwarding’s e-DEPO account has drawn attention because this account brings in more money than bank savings books. The government is now cutting revenue.
In the news: The government is concerned about the impact of interest on the e-DEPO account on government finances and has therefore decided to cap the savings allowance.
- Because of the amendment to the law, interest rates will drop to a total of 2.5 percent next month, compared to 3.1 percent today. Thus, the savings allowance decreases by 60 basis points.
- You still have to pay a 30 percent withholding tax on your savings allowance, and as a result your net allowance drops from 2.17 to 1.75 percent in May.
This featured article is exclusive to subscribers
Become a subscriber and immediately get unlimited access to all articles. from now on 1.99 euros per month.
“Total coffee specialist. Hardcore reader. Incurable music scholar. Web guru. Freelance troublemaker. Problem solver. Travel trailblazer.”