Friday, 25 November 2020 9:37 PM

4% interest if you lend money to Belgium

Due to the relatively low interest rates of many Dutch banks, your savings will not yield much. Would you like more interest? Then borrowing money to Belgium is now a good option! Last Wednesday, the Belgian Schul Agency announced the new interest rates for loans aimed at private individuals. And that is an average of about four percent. If you subscribe to Belgian State certificates, you can expect about 4 to 4.2 percent interest. And this in contrast to Dutch banks that offer an average of 1.5 to 1.8 percent in interest for this.

Belgian Government Notes are a kind of simple government bonds that can only be bought by private individuals. They give a fixed interest rate, and are also tradable on the stock exchange. If you just keep them, you can collect the interest annually. Many people flock to the issue. The reason for the high interest is due to the fact that the economic crisis means that Belgium has to pay properly to finance its debt. Earlier this week, it even had to pay more than five percent on the capital market. Every citizen of the European Community can participate, but you can't wait too long: registration and payment must be done before December 3 next.

 


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