The product will help the bank extend services to a new segment of savers that are looking to save and receive basic interest, in addition to a fidelity premium. We pride ourselves, on providing end clients with a product which complies with the Belgian regulated savings jurisdiction, making savings products more transparent. The implementation of the Belgian Regulated Savings Product allows our clients to have a regular savings account with added attractive tax benefits. With Finacle, we were able to bring this offering to market within a very short span of time. The rapid time-to-market realised by MeDirect is a reflection of inherent flexibility of the Finacle core banking solution. The new offering will enable the bank to further develop business in Belgium and engage customers with a broad offering. Finacle is the industry-leading digital banking solution suite from EdgeVerve Systems, a wholly owned product subsidiary of Infosys. Finacle helps traditional and emerging financial institutions drive truly digital transformation to achieve frictionless customer experiences, larger ecosystem play, insights—driven interactions and ubiquitous automation.
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MeDirect CLO team seeks spin-off from bank
The basic interest rate applies from the day of your deposit into the MeDirect Fidelity Savings account up to the day of withdrawal. This basic interest rate is calculated on an annual basis and paid annually, on January 1 or at the moment of closure of your account. The fidelity premium applies to each amount that stays on the account for 12 months. This fidelity premium will be paid on the first day of the quarter following the moment the premium is acquired: January 1, April 1, July 1 and October 1 or the moment of closure of your account. The fidelity premium rate applicable at the moment of the deposit or at the start of a new period will apply, without any change, during a period of 12 months.
Last Updated on: January 22, by Mr. We are only the second week of January and I can already give a major update on my portfolio and milestones progress. This is in part due to the decline we saw at the end of and the opportunity it offered me to enter at a lower price for quite a few stocks. The main reason for changing savings accounts was the much higher interest rate I would get at Medirect. There is a huge disparity between these two savings accounts:.
My Account. Log In. The specialist credit team at MeDirect is looking for a strategic partner to spin off from the bank. This article is available only to Creditflux subscribers and free trial users within 30 days of publication. Already a subscriber?