Belgian banks are under pressure to increase interests on savings accounts. Many are increasing interests from 1st August.
However – in order to benefit from new saving interest rates you have to do the following: open new savings account, transfer money from old savings account and finally – close the old savings account (which you probably dont need anymore).
I get it – pressure to increase the rates coming from National Bank of Belgium – and banks will say they did it, but they are still counting on many people not being informed on this and many people not actually knowing how to do it..
Imagine older people just missing the news on this or needing to go through this procesures of changing saving account number each time interest rates increase? And what about standing orders for automatically depositing to certain account number etc…
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Belgian banks are under pressure to increase interests on savings accounts. Many are increasing interests from 1st August.
However – in order to benefit from new saving interest rates you have to do the following: open new savings account, transfer money from old savings account and finally – close the old savings account (which you probably dont need anymore).
I get it – pressure to increase the rates coming from National Bank of Belgium – and banks will say they did it, but they are still counting on many people not being informed on this and many people not actually knowing how to do it..
Imagine older people just missing the news on this or needing to go through this procesures of changing saving account number each time interest rates increase? And what about standing orders for automatically depositing to certain account number etc…