Regulated savings accounts topped €300 billion in May

Regulated savings accounts topped €300 billion in May
Credit: Belga

The total amount on regulated savings accounts in Belgium exceeded €300 billion once again in May, data from the National Bank showed on Wednesday.

Total savings deposits reached €300.28 billion, increasing for the first time since January.

In March, deposits had fallen below the symbolic €300 billion mark to €299.98 billion. One month later, they fell further, to €299.45 billion.

It has already been more than two years since regulated savings accounts have gathered around €300 billion, as savings rates remained low.

In June, various players in the economic world, including big banks such as Belfius and KBC, announced an increase in their interest rates.


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