4.3.2024
Best Fixed-Term Deposits and Savings Accounts for Italian in March 2024
3 min read
Overview of Financial Products: Fixed-Term Deposits and Savings Accounts for Residents of Italy. Current offerings from leading banks, including high-interest rates from Illimity Bank and Banca Progetto. The article describes the features of each product, including conditions for online opening and recommendations for choosing between fixed-term deposits and savings accounts.
Today, we're diving into the world of fixed-term deposits and savings accounts available online to residents of Italy.
Italy's financial landscape offers a range of options, with local banks leading the way in offering top-notch deals on these accounts.
Illimity Bank steals the limelight with an impressive 4.50% interest rate on fixed-term deposits for 3, 4 or 5 years.
Meanwhile, Banca Progetto presents a compelling offer with a promotional rate of 4.25% on savings accounts opened before 31 March 2024!
Take a look at the main options for fixed-term deposits and savings accounts tailored to Italian residents!
Fixed-Term Deposits with the Highest Interest Rates for Italian Residents 03/2024
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.50% | Illimity (Italy) | EUR | 3 years | Open online -> |
| 4.50% | Illimity (Italy) | EUR | 4 years | Open online -> |
| 4.50% | Illimity (Italy) | EUR | 5 years | Open online -> |
| 4.30% | Illimity (Italy) | EUR | 2 years | Open online -> |
| 4.00% | TInaba (Italy) | EUR | 3 mths | Open online -> |
| 4.00% | Banca AideXa (Italy) | EUR | 3 mths | Open online -> |
Savings and Demand Accounts with the Highest Interest Rates for Italian Residents 03/2024
Only one of our partners' savings account offers is currently available to open online.
For this reason, you will also find other savings and demand account offers below.
| Interest rate | Bank | Currency | ||
|---|---|---|---|---|
| 2.50% | Illimity (Italy) | EUR | Open online -> | |
| 4.25% | Banca Progetto (Italy) | EUR | More info -> | |
| 4.00% | EXTRABANCA S.P.A. (Italy) | EUR | More info -> | |
| 4.00% | EXTRABANCA S.P.A. (Italy) | EUR | More info -> | |
| 3.75% | SANTANDER CONSUMER BANK S.P.A. (Italy) | EUR | More info -> |
The main feature of term deposits and savings accounts is their flexibility. With fixed-term deposits, the funds are blocked for the entire term of the deposit, while savings and current accounts allow you to deposit and withdraw funds at any time.
Because of this flexibility, the interest rates on savings and demand deposit accounts are usually lower than those on term deposits. It is therefore important to consider your financial goals and whether you are prepared to freeze your funds for some time.
Opening a fixed-term deposit online is legal and secure: any deposit up to € 100,000 per depositor and bank is covered by the Deposit Guarantee Scheme.
These reviews are for informational purposes only and should not be construed as investment or financial advice, and users should always conduct their research or consult with professional advisors before making any decisions related to their finances.
Top deposits available online
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