Banks are canceling savings accounts en masse: why? And what changes are still underway?

2024-01-16 07:32:00

The discontinuation of savings account formulas is in full swing. From this summer, Belgian banks may only offer four accounts per institution. These and other measures are being taken by the government to stimulate competition between banks so that they give consumers a better return on their savings accounts. More transparency on the accounts is also being demanded ‘from higher up’, which should make it easier for you to compare the offers. Spaargids.be goes over the interventions.
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