Our investment products

Government Savings Certificate

Enjoy a guaranteed and a fixed return!

A Government Savings Certificate is a bond issued by the Belgium government with a yearly fixed coupon in euros. On the final maturity date, you receive 100% of the invested capital, except in case of bankruptcy or default by the Belgium government.

  • Fixed return

    You know in advance what the yield on your certificate will be.

  • Easy to sell

    You can sell your Government Savings Certificate on the secondary market at any time. Its value may fluctuate, favourably or unfavourably, due to various factors.

  • Risks

    The main risks are market risk, credit risk and liquidity risk. You can find this information further down this page under 'Main risks'.

They are fixed-yield bonds with an annual coupon, issued by the Belgian state in euros for non-professional investors. They are issued on the primary market 4 times a year (March, June, September and December) and the security is quoted on the Brussels Stock Exchange.

ING Belgium is one of the investment institutions authorised by the Ministry of Finance.

  • Fixed annual coupon in euros.
  • Repayment of 100% of the invested capital on the final maturity date.
  • You can buy or sell a Government savings Certifcate on the secondary market every bank business day.
  • Credit risk: Is the risk that the invested capital and the coupons will be partially or not repaid in the event of bankruptcy or default by the Belgian government.
  • Market risk: the value of Government Savings Certificate may fluctuate as a result of various factors, including changes in interest rates. Investors wishing to sell their Government Savings Certificate prior to the final maturity must do so at the market price. This may result in a gain or loss from the par value. favourably or unfavourably, due to various factors.
  • Liquidity risk: A liquidity provider designated by the State ensures the liquidity of the Government Savings Certificates. This means that you can buy or sell a Government Savings Certificate every bank working day



  • Withholding tax: The coupons from this bond are currently subject to withholding tax at a rate of 30%.
  • Tax on stock market transactions (TOB):
  • During the subscription period and at the final maturity: no tax
  • If bought or sold on the secondary market, and if the transaction takes place in Belgium: 0,12%, with a maximum of EUR 1.300.
  • Tax on securities accounts: 0,15% (if applicable).

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. If you are not satisfied with the response, contact the financial disputes ombudsman, North Gate II. Avenue Roi Albert II 8. 1000 Brussels (www.ombudsfin.be).