11.10.2023
Italian Deposit Market Overview: October 2023
4 min read
Delve into Italy's financial scenario in October 2023 through our Italian Deposit Market Overview. Get a glimpse of current interest rates, unearth potential savings prospects, and stay up-to-date with essential financial information to make well-informed choices regarding your investments and savings.
Welcome to PickTheBank!
Today, as always, the PickTheBank team diligently monitors interest rates across Europe. Our platform offers you a diverse selection of term deposits available in the market.
In this overview, our focus shifts to interest rates in Italy and their dynamic fluctuations in response to inflation trends.
Based on official data released by the European Central Bank (ECB), Italy has seen a notable rise in its average annual deposit interest rate, which now stands at 3.35%, marking a noteworthy increase from the previous month's 3.29%.
It's important to note that the maximum interest rate in Italy for euro deposits has increased to 5.75%, compared to the 5.50% recorded one month ago.
Within our extensive database, you can access deposit rate information collected from more than 1,000 banks operating across 25 European countries, featuring an extensive array of over 20,000 financial products. As part of our meticulous review process, we conducted a thorough evaluation of the websites of 150 Italian banks offering fixed-term deposit interest rates. This rigorous analysis has resulted in a comprehensive database comprising 1,550 products tailored to the Italian market.
In the tables below, we present the top offer in Italy for this month:
🔥Top-5 12-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.00% | BANCO BILBAO VIZCAYA ARGENTARIA S.A. (BBVA) | EUR | 12 mths | More -> |
| 4.75% | BANCA AIDEXA S.P.A. | EUR | 12 mths | More -> |
| 4.75% | TWIST (Banca Valsabbina SCpA) | EUR | 12 mths | More -> |
| 4.50% | BANCA DI CREDITO COOPERATIVO DI CAGLIARI SOCIETA' COOPERATIVA | EUR | 12 mths | More -> |
| 4.50% | BANCA CF+ CREDITO FONDIARIO S.P.A. | EUR | 12 mths | More -> |
🔥Top-5 24-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.75% | VIVIBANCA S.P.A. | EUR | 24 mths | More -> |
| 4.75% | TWIST (Banca Valsabbina SCpA) | EUR | 24 mths | More -> |
| 4.60% | BANCA PRIVATA LEASING S.P.A. | EUR | 24 mths | More -> |
| 4.50% | BANCA SISTEMA S.P.A. | EUR | 24 mths | More -> |
| 4.50% | ILLIMITY BANK S.P.A. | EUR | 24 mths | More -> |
🔥Top-5 36-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.75% | ILLIMITY BANK S.P.A. | EUR | 36 mths | More -> |
| 5.00% | ILLIMITY BANK S.P.A. | EUR | 36 mths | More -> |
| 4.85% | VIVIBANCA S.P.A. | EUR | 36 mths | More -> |
| 4.75% | TWIST (Banca Valsabbina SCpA) | EUR | 36 mths | More -> |
| 4.70% | GUBER BANCA S.P.A. | EUR | 36 mths | More -> |
🔥Top EUR deposit rates - any term:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.75% | ILLIMITY BANK S.P.A. | EUR | 36 mths | More -> |
| 5.75% | ILLIMITY BANK S.P.A. | EUR | 48 mths | More -> |
| 5.75% | ILLIMITY BANK S.P.A. | EUR | 60 mths | More -> |
| 5.50% | BANCA POPOLARE SANT'ANGELO, SOCIETA' COOPERATIVA PER AZIONI | EUR | 6 mths | More -> |
| 5.00% | BANCA POPOLARE SANT'ANGELO, SOCIETA' COOPERATIVA PER AZIONI | EUR | 12 mths | More -> |
Please keep in mind that the interest rates provided do not account for taxes and do not consider variations in interest payment frequencies. We always recommend verifying the latest interest rates and terms directly with the bank before making any final decisions.
Our mission remains the same: to keep you informed about the ever-changing landscape of European deposit rates, empowering you to make well-informed financial decisions. Stay tuned for more updates and insights from PickTheBank.eu.
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