November 17 2025
In November 2024, Belgian couches offered a lower average interest rate on savings accounts, namely 1,03 percent, compared to most other euro countries. This is stated by Eric Dor, professor at the IÉSEG School of Management.
He notes that there is a significant difference with nearby countries such as Luxembourg (2,89 percent), France (2,56 percent) and to a lesser extent, the Netherlands (1,45 percent). “This difference is to the disadvantage of savers in Belgium,” says Dor.
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According to the professor, this reflects the strategy of Belgian banks to take advantage of passive savers “who leave their money in regulated savings accounts without responding to the very low interest rates” and to compete only on term deposits to attract dynamic savers looking for a good return.
“The average interest rate that Belgian banks received in November on new consumer loans (6,72 percent) was lower than the interest rate in Germany (8,07 percent), Italy (8,45 percent) and Spain (6,88 percent), but higher than the interest rate in France (6,46 percent) and Luxembourg (4,54 percent),” adds Éric Dor.
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