KBC Time Deposit Account

A time deposit account is an account on which you deposit your money for a pre-determined term and interest rate. You can choose your preferred term from the range of products offered. The interest rate or return depends on a number of factors, including the term, the amount invested and the currency involved.

Terms of less than one year:
Terms: of 1 to 11 months
Minimum subscription amount: 10,000 euros
For terms of less than one year, the interest is paid at maturity.

Terms of one year or longer:
Terms: of 1 to 5 years
Minimum subscription amount: 500 euros
For terms of more than one year, the interest is paid annually.

The rates are constantly changing. The rate is guaranteed at the time of subscription for the entire term. For current rates, contact your KBC Team or ask for the information you require via the contact page.
 

Terms of less than one year:
Possible currencies: AUD, CAD, CHF, CZK, DKK, GBP, HUF, NOK, NZD, PLN, SEK, TRY, USD and ZAR
Terms: of 1 to 11 months
Minimum subscription amount: depends on the currency
For terms of less than one year, the interest is paid at maturity.

Terms of one year or longer:
Possible currencies: USD
Terms: of 1 to 3 years
Minimum subscription amount: 500 USD
For terms of more than one year, the interest is paid annually.

The rates are constantly changing. The rate is guaranteed at the time of subscription for the entire term. For current rates, contact your KBC Team or ask for the information you require via the contact page.

There are no entry or exit charges if you keep the term deposit account until maturity and there is no custody fee either at KBC Bank.

If you cash in your term deposit account before maturity with the permission of KBC Bank, you pay a charge equal to 0.75% of the outstanding capital. However, the size of this charge can vary.

• Solvency risk: this product is covered by the Belgian deposit protection scheme, subject to certain conditions. This protection would be triggered if KBC Bank was no longer able to pay back requested deposits and currently amounts to a maximum of 100 000 euros per person for aggregate deposits (including term deposit accounts) held with KBC Bank, subject to certain conditions. You can obtain a free copy of KBC’s ‘Protection of deposits, life insurance and financial instruments in Belgium’ brochure from your KBC branch or from www.kbc.be/depositprotection. In the event of KBC’s insolvency (e.g., if it goes into bankruptcy), you run the risk of losing any deposits (including term deposit accounts) you have over 100 000 euros, or the amount could be reduced or converted into shares (bail-in). There is also a risk that all or some of the capital and coupons or capital gains could be lost, or that securities could be converted into shares if the issuer or guarantor is ordered to restructure by the competent supervisory authority. In practice, there is a risk of losing money should financial problems arise at KBC. Even so, safeguards have been built in, such as the protection provided for amounts up to 100 000 euros, to ensure you are covered as much as possible.
  
• Exchange rate risk: time deposit accounts held in currencies other than the euro are exposed to foreign exchange risk.
• This time deposit account also has an inflation risk, as sustained price increases can result in the amount deposited losing value.

The income generated is subject to Belgian withholding tax of (currently) 30% on the gross amount of the interest. The tax treatment information applies to individual investors subject to Belgian personal income tax. The tax treatment will depend on your individual circumstances and may change in the future.

• Belgian law applies to these products.
• No key information for savers document is available for these time deposit accounts.
• The time deposit accounts depicted here are products of KBC NV, Havenlaan 2, 1080 Brussels, Belgium. VAT BE 0462.920.226, RLP Brussels, FSMA 026256. A Member of the KBC group.
• If you have a complaint, please contact KBC Complaints Management, Brusselsesteenweg 100, 3000 Leuven, complaints@kbc.be, tel. 016 43 25 94 and/or ombudsman in financial conflicts: ombudsman@ombudsfin.be.