Term accounts and other accounts

ING Term Account

It is currently not possible to open a term account with a term of less than 1 year.

If you have savings you do not need for at least 12 months, an ING Term account from 1 to 10 years may be for you!

  • A fixed return

    The interest rate is set in advance and does not vary.

  • Up to 1 year

    You choose the term of your savings, from 1 to 360 days.

  • Your money is completely secure

    This account is subject to Belgian law. Your savings (maximum 100,000 euros) are protected by the deposit guarantee scheme.

Do you want to save a sum of surplus cash and with a guaranteed interest rate? Choose the ING term account. You can make one transfer to your non-regulated savings account and leave it there for the full term. (Your money is therefore not available before the end of the term). At maturity, you recoup both the capital and the interest. It is possible to renew the term account upon maturity.

You can view your account balance easily on your bank statements, in Home'Bank, Business’Bank and via the apps for smartphone.

  • There are no fees to pay to manage this account

    The management of this account is entirely free

  • You know the return you will receive from the outset. The interest rate is set in advance and depends on the amount in the account, the currency and the term. It remains the same for the entire savings period.

  • At maturity, we automatically pay the interest into theING current account or the ING investment account linked to your term account. You can monitor your account balance and interest easily on your bank statements, in Home'Bank, Business’Bank and via the smartphone.

    Do you want to extend the term? If so, you can also leave the interest in the account, so that your savings earn you even more.

  • You need not declare any interest earned for personal income tax purposes. You pay 30% withholding tax on the interest earned from your ING Term Account. This withholding tax is “in full discharge”. This means that you do not need to state it in your tax return for personal income tax.

    ING Term Account Regulations.

  • Do you have a term account in euros?

    You can choose a term from 1 day to 360 days and you decide yourself how much you want to save starting from a minimum amount of 1,000 euros

  • Do you hold a term account in another currency?

    For American dollars, British pounds sterling and Swiss francs you can choose a term ranging from 1 day to 12 months. For other currencies you can choose a term ranging from 2 days to 12 months.

    Interest is calculated as of the first day until the second to last day of your savings term.

This account is subject to Belgian law.

What would happen if ING were to go bankrupt?

What would happen if ING were to go bankrupt? Your savings are protected up to 100,000 euros by the deposit guarantee scheme (PDF).. The remainder 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).

Review your legal protection as an ING customer.

This is a straightforward term account. This page contains all the necessary information. However, before opening an account, we advise you to read these useful documents so you are aware of all the details.

Contact ING Complaint Management by telephone on +32 2 547 61 02 or by e-mail to plaintes@ing.be.

Have you already contacted ING? You can now contact Ombudsfin, the financial dispute ombudsman, by telephone on +32 2 545 77 70 or by e-mail to ombudsman@ombudsfin.be.