ING Lion Deposit
Save 100% online and free of charge!
With ING Lion Deposit, you enjoy all the benefits of a regulated savings account, 100% online and 100% free of charge.
Free of charge
You do not pay any charges for your internet savings account.
Not an ING customer yet? This internet savings account is for you too.
Your money is always accessible
You can withdraw your money at any time, with no restrictions.
Here’s why you should open an online account such as ING Lion Deposit!
If you have a bit of money set aside in a savings account, you can deal with unforeseen expenses more easily: the washing machine breaking down, the car starting to act up, etc.
Choose an online account such as ING Lion Deposit. This non-term regulated online savings account offers a basic rate of 0.01% and a loyalty bonus of 0.10% (for amounts less than 500,000 euros). The maximum amount that can be deposited is 500,000 euros.
Interest rates are expressed on an annual basis and may be changed at any time. You can find the current rates online or at any ING branch. If the rate changes, we inform account holders on their bank statements. The account balance can easily be viewed via bank statements, Home'Bank and smartphone and tablet apps.
There are no charges for opening or managing this savings account
Opening and managing this account is absolutely free. Transfers are free too. You make them yourself online or on your smartphone or tablet.
Do you already hold one of these savings accounts and wish to close it? This is how you close it online.
You do not need to go to an ING branch to open this account
You can open it wherever you are: on ing.be, on your smartphone or on your tablet. Even if you are not yet a customer at ING. Anyone aged 18 or over with a valid email address and a Belgian address can open an ING Lion Deposit.
Are you already an ING customer? In that case, open this account quickly and easily in Home'Bank.
This regulated savings account is subject to Belgian legislation, and the law prohibits posting negative interest to the account. ING will therefore not do so.
What would happen if ING went bankrupt? Your savings are protected under the deposit guarantee scheme (pdf) up to a total of 100,000 euros. The rest is not covered. The capital of the amount of receivables held at the financial institution may be lost or reduced/converted to shares (bail-in) For more information, take a look at the key information for savers (PDF).
You have access to your money whenever you need it. Just make a transfer to your current account and that’s it!
You do not pay tax on your interest
Is the interest on your ING Lion Deposit account less than 960 euros? In this case, you do not pay the 15% withholding tax. Are you married or legally cohabiting? In this case, your ING Lion Deposit is exempt from withholding tax for up to 1920 euros per couple (for the 2018 income year).
We automatically pay the interest into your savings account
Basic interest is paid annually on 1 January.
The loyalty bonus is due after 12 consecutive months. This interest is paid every 3 months on fixed dates: 1 January, 1 April, 1 July and 1 October.
It is a simple online savings account. This page contains all the information you need. But before opening an account, we advise you to read these helpful documents, so that you are familiar with all the details.
Everything you need to know about this savings account ING Lion Deposit
This free account is a non-term, regulated savings account (Subject to Belgian law). It is intended for adult ING customers who have a legal address in Belgium and a valid email address. There is no minimum amount to deposit when you open your account. Equally, you can choose how much you want to deposit in your account, the maximum amount being €500,000.
The base rate is 0.01% and the loyalty bonus is 0.10%.
Interest rates are expressed on an annual basis and may be changed at any time. You can find the current rates online or at any ING branch. If the rate changes, we inform account holders on their bank statements. The account balance can easily be viewed on bank statements, via Home'Bank and the smartphone and tablet apps.
Provided your interest is no more than 960 euros, you do not pay withholding tax. If your interest exceeds 960 euros, you will pay withholding tax at 15% (per taxpayer for 2018 income, 2019 tax year).
What happens if a financial institution goes bankrupt?
Your first 100,000 euros of savings are protected by the deposit guarantee scheme (pdf). Above this protected total, the capital of the amount of receivables held at the financial institution may be lost or reduced/converted to shares (bail-in). For more information take a look at the key information for savers (PDF).
Not completely satisfied?
Contact us online: www.ing.be/complaints, call us: +32 2 464 60 04 or send us a letter: ING Complaint Management, Cours Saint-Michel/Sint-Michielswarande 60, 1040 Brussels.
Have you already been in touch with ING? You can also contact Ombudsfin, North Gate II, Avenue Roi Albert II 8, 1000 Brussels, call +32 2 545 77 70 or send an email to firstname.lastname@example.org.
With this account, it is really easy to save online. But before opening an account, we advise you to read these documents:
These documents are always freely available on our website and from any ING branch.
ING Belgium SA, a public limited company under Belgian law – registered office: avenue Marnixlaan 24, 1000 Brussels - Belgium