KBC has announced that it will lower the interest rates on several of its savings accounts from 1 February, following similar moves by its competitors.
Belfius, MeDirect, NIBC, and Keytrade announced rate cuts earlier this month, citing adjustments by the European Central Bank.
The changes affect KBC’s standard savings accounts, third-party savings accounts, and rental deposit savings accounts.
The base interest rate for these accounts will drop from 0.45% to 0.40%.
The loyalty bonus, applicable to funds that remain in an account for at least 12 months, will decrease from 0.45% to 0.40%.
Interest rates for other regulated savings accounts will remain unchanged, according to KBC.
