Illimity Bank S.p.a.

Business Summary

Services
retail banking
loan management
Clients
natural persons
families
small and medium-sized enterprises
business entities
Products
current accounts
savings accounts (0.80 - 0.80 %)
time deposit accounts (0.80 - 2.10 %)
payment cards
business loans
factoring
Area Served
Italy
Germany

Illimity Bank S.p.a. provides products and services in the areas of retail banking, loan management. The range of products offered by Illimity Bank S.p.a. includes current accounts, savings accounts (0.80 - 0.80 %), time deposit accounts (0.80 - 2.10 %), payment cards, business loans, factoring. Illimity Bank S.p.a. makes its solutions available to natural persons, families, small and medium-sized enterprises, business entities.

Account Opening
completely online
within a few minutes

Opening an account with Illimity Bank S.p.a. can be done completely online within a few minutes.

Ways to Bank
online banking
mobile app

Illimity Bank S.p.a. operates as a direct bank without a branch network. Products and services offered by Illimity Bank S.p.a. are available via online banking, mobile application.

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Illimity Bank S.p.a. offers the following savings accounts.

Updated on 14 December 2019

Tagesgeld
Sales Region
Germany
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
0.80 %
Deposit Term
1 - 99 months
Savings Account Details
Product Name
Tagesgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.80 %
Max. Interest Rate (p.a.)
0.80 %
Min. Deposit Term
1 month
Max. Deposit Term
99 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Savings accounts made with Illimity Bank S.p.a. are covered by deposit guarantee scheme of Italy up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of Italy is not taxed. Interest gained on savings accounts by residents of Italy is taxed at 20.00% rate. When the interest is paid, this tax is automatically withhold by Illimity Bank S.p.a. from the savings account.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Illimity Bank S.p.a. offers the following time deposit accounts.

Updated on 14 December 2019

Festgeld
Sales Region
Germany
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
0.80 - 2.10 %
Deposit Term
6 - 120 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.80 %
Max. Interest Rate (p.a.)
2.10 %
Min. Deposit Term
6 months
Max. Deposit Term
120 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with Illimity Bank S.p.a. are covered by deposit guarantee scheme of Italy up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Italy is not taxed. Interest gained on time deposit accounts by residents of Italy is taxed at 20.00% rate. When the interest is paid, this tax is automatically withhold by Illimity Bank S.p.a. from the time deposit account.

See Also