Term account up to 1 year

ING Term Account

  • Save up to 1 year at a fixed interest rate

  • Calculate your return in advance

  • Be sure your money is 100% safe

With an ING Term Account, you know exactly what you are saving for. You make a single deposit onto this non-regulated savings account and leave it there for the entire term. At maturity, you will receive your capital plus interest in return.

You know your return from the beginning

The interest rate is fixed in advance and depends on the amount on the account, the currency and the term. It remains the same for the entire savings term.

You choose for how long you save

For a term account in euros ?

  • You choose a term between 1 day and 1 year.​

For a term account in another currency?

  • For US dollar, British pound and Swiss franc accounts, you choose a term between 1 day and 12 months.
  • For other currencies you can choose a term between 2 days and 12 months.

The interest is calculated from the first to the second-last day of the savings term.

You choose how much you save from a minimum of 1,000 euros

  • For a euro term account, the minimum amount is 1,000 euros.
  • For other currencies, your initial deposit must be the equivalent of to 5,000 euros.

We automatically deposit the interest into your ING current account

At maturity we deposit your interest into the ING current account or ING investment account linked to your term account. You can easily monitor your account balance and interest via your account statements, Home'Bank or our apps for smartphone and tablet.

If you decide to extend the term, you can also leave the interest in the account to increase the yield of your savings even more.


This account is subject to Belgian law.
What if ING were to go bankrupt? The deposit guarantee scheme protects your savings up to 100,000 euros. It does not cover anything above that amount, which could potentially be lost or subjected to a reduction or share conversion (bail-in).

You do not have to declare the interest on your personal income tax return

You pay a 30% withholding tax on the interest of your ING Term Account. This withholding tax is "discharging", which means that you do not have to include it in your tax return.

You pay 0 euros management fees

Managing this savings account is 100% free of charge.

No surprises with this term account

This account is a simple term savings account. This page contains all the information you need to know. In addition, we recommend reading the following useful documents, so you are aware of all the details.

Not 100% satisfied?

Contact ING Complaint Management, Cours Saint-Michel / Sint-Michielswarande 60, 1040 Brussels. Call +32 2 547 61 02 or send an e-mail to plaintes@ing.be.

If you have already been in contact with ING, you can also contact the ombudsman for banking disputes: Ombudsfin, North Gate II, Boulevard du Roi Albert II / Koning Albert II-laan 8, 1000 Brussels. Call +32 2 545 77 70 or send an e-mail to ombudsman@ombudsfin.be.

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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!

Legal information

The terms and conditions of the ING Term Account (rules, charges and product fact sheet) For interest paid in 2016: the interest is subject to 0,01% withholding tax, which is discharging in the sense that the withheld interest does not need to be included in your income tax return.​