Belgian savings deposits rose above €300 billion for the first time since May 2023, with September data showing deposits at €300.4 billion.

The central bank reported that Belgian savings deposits reached €300.4 billion in September, up from €294.6 billion in August, surpassing the €300 billion mark.

A related analysis explains why savings yields have fallen, offering readers additional context on savings performance and returns.

Since that bond issuance, the €300 billion threshold had not been exceeded until the September figure.

The recent rise in deposits follows a spike in August 2023 when the government issued a one-year fiscally favorable bond, helping the Treasury raise a record €22 billion.