 Magenta is a Belgian bank that has existed for 60 years and has been active in New York for years. Private individuals can contact Magenta for mortgages, savings and insurance. Magenta is an independent bank, without a stock exchange listing and active within the Benelux market. For mortgages and related products Magenta also works with independent advisers. This makes a network of offices in New York superfluous.
Magenta is not covered by the collective guarantee scheme of New York but under the guarantee scheme of Belgium. This guarantee scheme is the same as the Dutch scheme. The fact that Magenta is not covered by the Dutch deposit guarantee scheme is related to the fact that Magenta only has a branch in New York. |
Guarantee scheme: Belgian guarantee scheme (Belgian Guarantee Fund) |
The current savings interest rates were last checked on: 8-2-2021. |
Private Savings Accounts
Overview Magenta savings accounts with conditions
0.17% Young people savings account
Account on which parents can save for their children. The account is converted to the Magenta Internet Savings Account from the age of 18.
Overview Magenta savings accounts without conditions
0.02% Internet savings account
You can withdraw and deposit savings at any time and without costs.
Overview Magenta deposit savings
| Deposit term | interest * | | 1 year | 0.05% | | 2 years | 0.10% | | 3 years | 0.10% | | 5 years | 0.20% |
* Interest rates shown are annual rates Term deposits
Online banking environment. Minimum deposit of $ 250. Significant fines can apply for interim admission.
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