What is a regulated savings account?
MeDirect Fidelity Savings is a regulated savings account. With this savings account you benefit from an exemption of withholding tax on interests up to and including an amount of 960 euro. A withholding tax of 15% is applicable on any amount of interest that exceeds 960 euro. In that case MeDirect will automatically deduct this withholding tax from the amount of interest higher than 960 euro.
A double exemption up to and including €1.920 applies to a joint account for legal cohabiting or married partners.
The interest for holders of a regulated savings account must consist of two parts: a basic rate and a fidelity premium.