Quite

Inflation in Belgium in June stood at 5.8 % on an annual base. After a fantastic and almost heroic effort the big banks are following the lead of their smaller colleagues and offer a royal and majestic 4 % or thereabouts on new deposits.

See : http://www.standaard.be/Artikel/Detail.aspx?artikelId=9V1U2CAF&kanaalid=9.

Oh happy, busy bees, bringing your hard earned savings to the money temples !! The banks thank you profusely !
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Good advice from a contrarian economist : spend, spend whatever you earn. Saving makes you poor(er) !!