ING Orange Savings Account
Choose the free of charge, classic savings account, online and in branch
With this classic savings account, you can manage your savings as you choose: online from your PC, from your smartphone, tablet or even a Self'Bank. All free of charge, of course.
You pay nothing to open and run this classic savings account.
Not yet an ING customer? This classic savings account is also for you!
Access your savings at any time
You can withdraw your money at any time with no restrictions
For smart savings, you are advised to keep cash reserves of roughly 6 months' net salary. That way, you will be more easily able to cope with both planned and unexpected outgoings.
The ING Orange Savings Account is a regulated open-ended savings account. It offers a basic rate of 0.01% and a loyalty bonus of 0.10%.
Interest rates are given on an annual basis and may be adjusted at any time. You can find the current rates online or in any ING branch. If the rate changes, we inform the account holders through their account statements. You can easily find the account balance on account statements, or via Home'Bank and the apps for smartphone and tablet.
Flexible management, online and free of charge
You pay nothing to open this savings account
There is no charge to manage this account and Transfers are also free of charge. You can complete them yourself online or on your smartphone or tablet. Do you have an ING current account linked to this savings account? If so, you can also make your transfers from a Self'Bank.
Do you already hold one of these savings accounts and wish to close it? This is how you close it online.
You choose how much you save and for how long
Whenever you can, every month or once a year. 0 euros or 10 euros or even 100 euros at a time. You decide. For 1 month, 1 year, 10 years or for as long as you want. You make the deposits yourself online or on your smartphone or tablet.
You can also access your money at any time if you need to: a simple transfer to your current account, and it’s done!
This regulated savings account is subject to Belgian law, and the law does not allow a negative interest rate to be charged to this account. So ING will not do this.
What would happen if ING were to go bankrupt?
Your savings are protected by the deposit guarantee system scheme up to a limit of 100,000 euros. The remainder is not covered. It may be lost or subject to a reduction/conversion to shares (bail-in).
Take a look at the key information for savers.
You do not pay tax on your interest
Is the interest on your ING Orange Savings Account less than 960 euros? If so, you do not pay withholding tax of 15%. Are you married or legally cohabiting? If so, your joint ING Orange Savings Account is exempt from withholding tax up to 1920 euros per couple (2018 income year).
We pay the interest into your savings account automatically
Basic interest is paid annually on 1st January. The loyalty bonus is earned after 12 consecutive months. This interest is paid to you every 3 months, on fixed dates: 1 January, 1 April, 1 July and 1 October.
This is a straightforward savings account. This page contains all the necessary information. However, before you open this account, we recommend that you read these useful documents to find out all the details:
Everything you need to know about this savings account
This free of charge account is a regulated open-ended savings account, subject to Belgian law. You do not have to pay a minimum amount into your account when you open it. You can also pay into your account any amount you want: there is no maximum.
The basic rate is 0.01% and the loyalty bonus 0.10%. Interest rates are given on an annual basis and may be adjusted at any time. You can find the current rates online or in any ING branch. If the rate changes, we inform the account holders through their account statements. You can easily find the account balance on account statements, or via Home'Bank and the apps for smartphone and tablet.
As long as your interest does not exceed 960 euros, you will not be liable for withholding tax. If the amount of interest exceeds 960 euros, you pay withholding tax of 15% (per taxpayer for the 2019 tax year – based on income from 2018).
What happens if a financial institution goes bankrupt?
Your first 100,000 euros in savings are protected by the deposit guarantee system (PDF). Above this guaranteed amount, this is no longer the case: 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 100% 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. But before opening an account, we advise you to read these documents:
These documents are always available free of charge on our website and in any ING branch.
ING Belgium SA/NV, a company under Belgian law – Registered office: avenue Marnix/Marnixlaan 24, B-1000 Brussels, Belgium