With a No Notice Savings Account you
easy access to your capital,
- Without taking any risks.
Why open a No Notice Savings Account?
- To deal with an unexpected expense;
- To build up capital little by little by
way of a standing order from your current account, for example.
To open and manage this
account you can:
Apply online, via BILnet:
It is easier and faster:
- Log on,
- Create a No Notice
- Transfer your funds to
this new account from another BIL account or from an account you have with
From now on you can withdraw funds
from your No Notice Savings
Account by accessing it at any time
The one thing that BILnet
does not allow you to do is to close your No Notice Savings Account. 2.
in at a branch:
Whether you are not a
BIL customer yet, you do not use BILnet or you prefer personal contact,
you can, of course, call in at a BIL branch to perform all your account
- Opening the account,
- Transferring and
withdrawing funds from your account,
- Closing your account.
Instant Access Savings Account, your capital benefits
from triple remuneration: 1.
The basic interest rate is
linked to market trends, 2.
The growth premium
is calculated based on the net increase of deposits over the course of the year
(in other words, the difference between your deposits and withdrawals). 3.
The loyalty premium
is calculated based on the lowest balance recorded over the course of the past
is paid yearly on 31 December.
following value dates apply:
for your deposits: interest is recorded 15 calendar days after the money is
paid into the account;
- D-15 for your withdrawals: the
amount withdrawn stops generating interest 15 calendar days before the date the
withdrawal actually takes place.
of a growth and loyalty premium Imagine that your balance amounts to
EUR 10,000 on 31/12/2010. 1st transactionYou make your 1st payment
of EUR 1,000 on 01/02/2011.
> 31/12 = 329 days
EUR 1,000 x 329 x 0.75 / 36,000 = 6.85
Updated balance: EUR 11,000 2nd transactionYou make your 1st withdrawal
of EUR 4,000 on 23/03/2011.
> 31/12 = 277 days
EUR 4,000 x 277 x 0.75 / 36,000 = 23.08
Updated balance: EUR 7,000 3rd transactionYou make a 2nd
payment of EUR 15,000 on 26/06/2011.
> 31/12 = 184 days
EUR 15,000 x 184 x 0.75 / 36.000 = 57.50
Updated balance: EUR 22,000 4th transactionYou make a 2nd
withdrawal of EUR 1,500 on 14/08/2011.
> 31/12 = 136 days
EUR 1,500 x 136 x 0.75 / 36,000 = 4.25
Updated balance: EUR 20,500
Therefore, your growth premium shall be equal to 6.85 – 23.08 + 57.50 – 4.25 = EUR
Your loyalty premium: 7,000 (i.e. the lowest amount recorded in the year) x
0.25: 100 = EUR 17.50
credited premiums 37.02 + 17.50 = EUR 54.52
Track your No Notice Savings
Do you want to check your account
balance or your transactions?You
can do it over the internet, via BILnet: it’s the easiest way! Access BILnet and check the transactions on
your No Notice Savings Account.
View your monthly statements sent by post.
You can also call in at your BIL
branch to find out more, of course.
With a No Notice Savings Account you can
benefit from tax advantages
. Waiver of interest
The investment income, in other words
the interest generated by your assets on the No Notice Savings Account,
benefits from a waiver:
- From EUR 1,500 if you are single,
- From EUR 3,000 if you are a jointly