There is too little competition between the major Belgian banks. The Competition Authority (BMA) has now also come to this conclusion, which examined the sector on behalf of Minister of Economy and Work Pierre-Yves Dermagne (PS). As a result, savings interest rates for customers in our country remain remarkably low. The regulator advocates, among other things, abolishing the fidelity premium on savings accounts.
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Now also in black and white: low savings interest rates due to “too little competition between major banks”
