Banca Sistema S.p.a. provides products and services in the areas of retail banking, corporate banking, factoring. The range of products offered by Banca Sistema S.p.a. includes current accounts, savings accounts, time deposit accounts (0.65 - 2.01 %), securities 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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).
Banca Sistema S.p.a. offers the following time deposit accounts.
Updated on 10 December 2019
Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.
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 Banca Sistema 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 Banca Sistema S.p.a. from the time deposit account.