“If the amount of the savings account exceeds 250,000 euros at the end of the accounting day, the amount that exceeds the maximum authorized balance will be made available on another account (deposit account) already existing or, failing that, opened for the circumstance, and presenting the same management parameters as the traditional regulated savings account at the origin of the transfer: same ownership or joint ownership, same agent(s), same limits of management power, etc”, explains BNP Paribas Fortis. The deposit account on which the amount that exceeds the authorized threshold is made available will then bear a zero credit interest rate (0%).
According to the bank, for 99% of customers of BNP Paribas Fortis, Fintro and Hello bank!, this measure will have no impact.