MeDirect offers 2.51 percent interest on six-month term deposit

Online bank MeDirect has launched a term deposit with a net interest rate of 2.51 percent for a duration of six months. This is reported by De Tijd, which makes it clear that these new interest rates are available on the bank's website.

The competition for Belgian savers continues, with various banks temporarily offering higher interest rates on term deposits. MeDirect is the latest bank to join in this effort, following previous actions by other banks.

According to analysts, the recent interest rate increases are related to the government bond previously introduced by Minister Vincent Van Peteghem. This government bond influences the interest rate markets and the offers from banks.

MeDirect is not the only player in this situation; other banks have also attempted to make their savings products more attractive. This indicates increasing competition within the sector.