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More and more (traditional) banks are raising savings rates. After KBC and BNP Paribas Fortis, among others, Crelan and AXA Bank are now also raising their savings rates. Interest rate hikes are welcome, but the big players will have to pick up speed if they want to sharpen their smaller rivals.
Why is this important?
The federal government has already criticized our country’s low savings rates on several occasions. This discontent is so great that he will issue one-year government bonds in September in order to compete with the savings books. Government parties hope that this will encourage banks to raise interest rates.In the news: Crelan and AXA Bank will increase savings rates on July 17th. At the end of 2021, Crelan acquired AXA Bank, so that the savings rates of these two banks follow the same evolution.
- The interest on the regular savings books of the two banks will rise from 0.5 to 0.9 percent next week. The direct booklet from Crelan and the I-plus savings account from AXA Bank will also bring in 0.9 percent from then on.
- In Crelan’s iHorizon brochure and AXA savings account, Fidelity at Start2bank
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