October 23, 2020

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Savings books a bit full in June

Savings books a bit full in June

In June there were regulated savings accounts in Belgium amounting to EUR 291.6 billion. That is EUR 2.1 billion more than in May and EUR 6.4 billion more than in April. This is evident from figures from the National Bank.

Despite the low interest rates, savings accounts are getting more and more filled. The corona crisis and the measures taken to contain it have enabled Belgians to spend less and thus save more.

According to the National Bank, the Belgians were able to save 19.1 percent of their income in the first three months of the year. That is a record and much more than in the last three months, when the savings rate was 12.7 percent.