Regulatory Information
bunq is a licensed bank supervised by the Dutch Central Bank and authorized to operate in Belgium. This Term Deposit is governed by Dutch law. No key saver information is available

Tax Information
Interest earned on a Term Deposit is subject to a 30% withholding tax in Belgium (applies to retail Belgian residents). You are responsible for declaring this interest income in your annual tax return.

Interest Rate & Early Withdrawal Risk
The interest rate for your Term Deposit is fixed for the entire duration of the term you choose. Interest is paid out only at maturity, together with your deposited amount. Only the full amount may be withdrawn—partial withdrawals aren’t possible. You earn interest on up to €100,000 in total, calculated across all your Savings and Term Deposit accounts combined.

¹If you withdraw your funds before the end of the term, an early-withdrawal fee will apply. The early-withdrawal fee is 1% of the amount withdrawn for each remaining year of the term (partial year count as full), with the remaining period rounded up to the next full year. As a result, withdrawing early will reduce the amount you receive back and means no interest is earned. Keep in mind that partial years count as full years, so if your Term Deposit is set to 3 months, you’ll be charged 1% of your deposit for that year. The early withdrawal charge is capped at a maximum of 6%. Learn more

Costs
There are no additional fees for opening or maintaining a Term Deposit beyond the monthly price of your bunq plan. Term Deposits are available with all bunq plans: bunq Free (€0/month), bunq Core (€3.99/month), bunq Pro (€9.99/month), and bunq Elite (€18.99/month). The only other potential cost is the early withdrawal fee described above.

Credit Risk
Saving money always involves some credit risk. Your money is protected up to a total of €100,000 per person across all bunq accounts (excluding investments in stocks and crypto) under the Dutch Deposit Guarantee Scheme (DGS). Balances above this amount are not guaranteed.

Inflation Risk
Your savings may lose real value if the rate of inflation is higher than the fixed interest rate you earn over the term of your deposit.

Dispute Resolution
If you have a formal complaint, you can submit it through our official complaints process.

Terms & Conditions
It is not possible to open a Term Deposit using a Joint account or business account. Read the full Term Deposit terms and conditions here.