Solution
The Treasury Flex Account is a non-regulated savings account available to companies. It allows you to manage your cash surplus easily through a choice of three possible terms.
Specifics
- Term: 3, 6 or 12 months
- Return: Composed of a base rate and fidelity premium, according to the account balance.
Treasury Flex Account 3 months
Tranche in EUR Base rate Fidelity Premium 0 to 999.999.999,99 0,50% 0,75%
Treasury Flex Account 6 monthsTranche in EUR Base rate Fidelity Premium 0 to 999.999.999,99 0,50% 0,75%
Treasury Flex Account 12 monthsTranche in EUR Base rate Fidelity Premium 0 to 999.999.999,99 0,50% 0,75%
The base rate is calculated daily. It is not guaranteed and may fluctuate according to market conditions.
The fidelity premium applicable when a deposit is made or at the start of a new vesting period remains applicable during this entire period. - Taxation: The Treasury Flex Account is a non-regulated savings account. Consequently, a withholding tax of 30% applies to the entirety of the interest accrued.
Advantages
- Liquidity: You can withdraw the funds held in a Treasury Flex Account at any time. However, withdrawals will reduce or cancel premiums not acquired during their vesting period, depending on the amount withdrawn.
- Flexibility: You can make deposits into your accounts as you wish: by bank transfer, or using Easy Banking Business, etc. Transfers can be made to any BNP Paribas Fortis account in the name of your company.
- Free of charge: You have no management fees to pay. However, any costs of delivery or for keeping your records remain payable by you.
- Flexibility: You may take out several Treasury Flex Accounts which each have different terms.
Good to know
- The Treasury Flex Account is marketed by BNP Paribas Fortis, an SA/NV incorporated under Belgian law, Montagne du Parc 3, 1000 Brussels.
- A list of charges is available from BNP Paribas Fortis Business Centres (link).
- Interest is capitalised on 1 April, 1 July, 1 October and 1 January of the following year and paid into your Treasury Flex Account.
- The fidelity premium is acquired after:
- 91 consecutive calendar days for the Treasury Flex Account 3 months;
- 182 consecutive calendar days for the Treasury Flex Account 6 months;
- 365 consecutive calendar days for the Treasury Flex Account 12 months.
- Customers are informed of any changes to the base rate and fidelity premium in a notice enclosed with their bank statements. Should the fidelity premium be amended, the new rate will apply only to deposits made after the rate change, as well as for new vesting periods beginning after this change.
- Once the fidelity premium vesting period ends, the assets are automatically reinvested for a further identical term.
- You may take out several Treasury Flex Accounts which each have different terms; however, you cannot open several accounts which have the same term.
- For any further information, please refer to the Special Terms and Conditions for the Treasury Flex Account.
- In the event of bankruptcy or the risk of bankruptcy of the financial institution, the company/organisation bears the risk of not recovering its savings or may be subject to a reduction/capital equity conversion (bail-in) of the amount of receivables that it possesses in the financial institution above the sum of EUR 100,000, the amount covered by the deposit protection mechanism (subject to eligibility).
- Any complaints regarding the Treasury Flex Account should be addressed to:
- BNP Paribas Fortis SA/NV – Complaints Management (1QA8D) – Montagne du Parc 3, 1000 Brussels;
- The Office of the Ombudsman for the Consumer (Ombudsfin, rue Belliard 15-17, boîte 8, 1040 Brussels), via http://www.ombudsfin.be/fr/particuliers/home.
