10.1.2024
January 2024 Overview: Italian Deposit Market
4 min read
Step into 2024 with PickTheBank: Your Trusted Financial Guide. Explore Italy's financial landscape in the January 2024 Deposit Market Overview. Discover the current landscape of interest rates, discover potential avenues for savings, and remain abreast of crucial information to make prudent decisions about both your investments and savings strategies.
Today, our team at PickTheBank is actively monitoring the dynamics of interest rates across various corners of Europe, providing you with a unique selection of term deposits from numerous market offerings.
In the scope of this overview, we delve into the Italian financial sector, examining the changes in interest rates and their response to inflation trends.
According to the latest official data from the European Central Bank (ECB), the average annual deposit interest rate in Italy has significantly increased, currently standing at 3.75%. This marks a substantial rise compared to the previous month's 3.54%. It's noteworthy that the maximum interest rate for euro deposits in Italy has decreased to 5.50% compared to the previous month.
In our extensive database, you can find information on interest rates from over 1,000 banks operating in 25 European countries, featuring a diverse range of over 20,000 financial products. Following a thorough analysis of the websites of 150 Italian banks offering fixed-term deposit interest rates, we've compiled a comprehensive database of 1,550 products tailored to the Italian market.
In the tables below, we present the top offers in Italy for this month.
🔥Top-5 12-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.00% | BANCA AIDEXA S.P.A. | EUR | 12 mths | More -> |
| 5.00% | VIVIBANCA S.P.A. | EUR | 12 mths | More -> |
| 4.50% | BANCA CF+ CREDITO FONDIARIO S.P.A. | EUR | 12 mths | More -> |
| 4.50% | BANCA IFIS S.P.A. (OVVERO IFIS BANCA S.P.A. O IN FORMA ABBREVIATA IFIS S.P.A.) | EUR | 12 mths | More -> |
| 4.50% | BANCA PROFILO SPA TInaba | EUR | 12 mths | More -> |
🔥Top-5 24-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.50% | VIVIBANCA S.P.A. | EUR | 24 mths | More -> |
| 5.50% | BANCA AIDEXA S.P.A. | EUR | 24 mths | More -> |
| 4.60% | BANCA PRIVATA LEASING S.P.A. | EUR | 24 mths | More -> |
| 4.50% | ILLIMITY BANK S.P.A. | EUR | 24 mths | More -> |
| 4.50% | BANCA POPOLARE SANT'ANGELO, SOCIETA' COOPERATIVA PER AZIONI | EUR | 24 mths | More -> |
🔥Top-5 36-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.40% | ILLIMITY BANK S.P.A. | EUR | 36 mths | More -> |
| 5.00% | BANCA AIDEXA S.P.A. | EUR | 36 mths | More -> |
| 5.00% | VIVIBANCA S.P.A. | EUR | 36 mths | More -> |
| 4.60% | BANCA PRIVATA LEASING S.P.A. | EUR | 36 mths | More -> |
| 4.50% | BANCA SISTEMA S.P.A. | EUR | 36 mths | More -> |
🔥Top EUR deposit rates - any term:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.50% | BANCA POPOLARE SANT'ANGELO, SOCIETA' COOPERATIVA PER AZIONI | EUR | 6 mths | More -> |
| 5.50% | BANCA AIDEXA S.P.A. | EUR | 18 mths | More -> |
| 5.50% | VIVIBANCA S.P.A. | EUR | 24 mths | More -> |
| 5.50% | BANCA AIDEXA S.P.A. | EUR | 24 mths | More -> |
| 5.40% | ILLIMITY BANK S.P.A. | EUR | 36 mths | More -> |
Please keep in mind that the provided interest rates do not account for taxes and the frequency of interest payments. We always recommend verifying the latest interest rates and terms directly with the bank before making any final decisions.
Our primary goal is to keep you informed about the ever-changing financial landscape of European deposit rates, providing you with information for well-informed financial decisions. Stay tuned for updates and insightful research on PickTheBank.eu.
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