French Bank Crédit Agricole Launches Online Savings Accounts in Belgium
Published
The French major bank Crédit Agricole is starting a surprising online offensive in Belgium. The bank is targeting Belgian savers and is offering two new account formulas. With these formulas, customers can earn a net interest rate of 1 percent on their savings.
For many Belgians, saving has become less attractive in recent years, because the interest rates on savings books and traditional savings accounts are low. Therefore, many people are looking for other ways to grow their money. Crédit Agricole wants to attract these savers with a simple online approach, without offices in the country.
In France, the bank is one of the largest banks in the country. With the new offer, it is entering the Belgian market, where competition between banks is fierce. It is not yet clear how many customers the bank wants to reach in Belgium.
For savers in Belgium, it is important to read the conditions of each account carefully. This way, they can compare which formula best suits their situation. The details of the offer are available on the bank's website.
Sources: De Tijd
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