MeDirect Fidelity Savings Account

0,05% Base Rate
0,50% Fidelity Premium
Rates
Free
Open and manage
1 x per year
Base rate
4 x per year
Fidelity premium
A savings account offering a fidelity premium for each amount that stays on the account for 12 months. Offering a base rate and a higher fidelity premium. Your savings are accessible at all times. The ideal solution for those who want to save on a slightly longer term.
MeDirect Fidelity Savings Account

Additional information

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Duration: open-ended
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Immediate access to your savings
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The base rate is paid on 1 January and the fidelity premium is paid every quarter when acquired.
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The interest rates of our savings account might change, but this will be communicated by e-mail in due time and you can always consult these on our website.
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Risk: Deposits on savings accounts at MeDirect Bank NV/SA (state of origin: Belgium, under Belgium law) are protected up to a maximum of 100.000 EUR under the Belgian deposit guarantee scheme. In the event of the Bank's insolvency (e.g., if it goes into bankruptcy), you run the risk of losing any deposits you have over 100,000 EUR, or their amount could be reduced or converted into shares (bail-in). Find out more in the Deposits Protection Information Sheet.
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Regulated savings account: interest is exempt from withholding tax up to and including €990 per person. For interests that exceed this amount a withholding tax of 15% is applicable. A double exemption up to and including € 1,980 applies to a joint account with a cohabiting or married partner.
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Account only available online
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Any complaints can be directed: to complaints@medirect.be in the first instance or at the Consumer Ombudsman Service: North Gate II, Boulevard du Roi Albert II 8, bus 1, B-1000 Brussels. - Tel: 02 / 702.52.00 - E-mail contact@consumentenombudsdienst.be.
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Have any questions
about Fidelity Savings?
How is the basic interest rate and fidelity premium calculated and paid?

The basic interest rate applies from the day of your deposit into the MeDirect Fidelity Savings account up to the day of withdrawal. This basic interest rate is calculated on an annual basis and paid annually, on January 1 or at the moment of closure of your account.

The fidelity premium applies to each amount that stays on the account for 12 months. This fidelity premium will be paid on the first day of the quarter following the moment the premium is acquired: January 1, April 1, July 1 and October 1 or the moment of closure of your account. The fidelity premium rate applicable at the moment of the deposit or at the start of a new period will apply, without any change, during a period of 12 months. 

What is a regulated savings account?

MeDirect Fidelity Savings and MeDirect Monthly Savings Max are regulated savings accounts offered by MeDirect. The interest for holders of a regulated savings account must consist of two parts: a basic rate and a fidelity premium.  With these savings accounts you benefit from an exemption of withholding tax on interests received up to and including an amount of 980 euro. A withholding tax of 15% is applicable on any amount of interest received that exceeds 980 euro. In that case MeDirect will automatically deduct this withholding tax from the amount of interest higher than 980 euro. A double exemption up to and including 1.960 euro applies to a joint account for legal cohabiting or married partners.

What type of accounts can I open?

MeDirect offers four different types of accounts:

  • When you become a MeDirect client, we automatically open a Cash Account for you. This account allows you to easily manage incoming and outgoing payments yourself.
  • With the MeDirect investment account you can transfer, shares, bonds, trackers and investment funds to the MeDirect platform and buy or sell them, as well as start investing in our model portfolios. For each model portfolio we open a separate portfolio. On your investment account you can find information about the current value and transaction costs of your investments, as well as an estimate of the unrealised profit or losses of every security separately and also per investment account.
  • If you choose online wealth management a separate portfolio will be created.
  • MeDirect Fidelity Savings is a savings account those who want to save and receive a basic interest from day 1 with in addition a fidelity premium. You will receive the latter for every deposit that is on the account for 12 consecutive months. Interest is exempt from withholding tax up to and including €960 per person. For interests that exceed this amount a withholding tax of 15% is applicable. Click here to check the current interest rate. Base rate is paid annually. The fidelity premium will be deposited on your account on the first day of the following quarter.
  • The Express Savings Account gives you immediate access to your savings: you can withdraw your money at any time. It is available in EUR and offers one clear and high interest rate. Click here to check the current interest rate. Interest on the Express Savings Account is paid quarterly.
  • The ME3 Savings Account is a savings account where you can withdraw money with a three-month notice period. It is available in EUR and allows you to benefit from a competitive savings rate. Click here to check the current interest rate. Interest on the ME3 Savings Account is paid quarterly.
  • The ME6 Savings Account is a savings account where you can withdraw money with a 6 month notice period. Deposits can be made at any time. This account is available in EUR and allows you to benefit from a competitive savings rate. Click here to check the current interest rate. The interest on the ME6 Savings Account is paid quarterly.
  • The Fixed Term Deposit guarantees a fixed interest rate for a fixed term of up to five years. Fixed Term Deposits are available in three currencies: EUR, USD and GBP. Click here to check the current interest rates. Interest on Fixed Term Deposits is paid annually.