Banca Sistema S.p.a.

Business Summary

Services
retail banking
corporate banking
factoring
Products
current accounts
savings accounts
time deposit accounts (0.65 - 2.01 %)
securities accounts
Area Served
Italy
Spain
Germany

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.

Products

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Banca Sistema S.p.a. offers the following time deposit accounts.

Updated on 10 December 2019

Banca Sistema
Sales Region
Spain
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
1.25 - 2.01 %
Deposit Term
12 - 120 months
Time Deposit Account Details
Product Name
Banca Sistema
Account Currency
EUR
Min. Interest Rate (p.a.)
1.25 %
Max. Interest Rate (p.a.)
2.01 %
Min. Deposit Term
12 months
Max. Deposit Term
120 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
12 times a year
Festgeld
Sales Region
Germany
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
0.65 - 1.65 %
Deposit Term
12 - 120 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.65 %
Max. Interest Rate (p.a.)
1.65 %
Min. Deposit Term
12 months
Max. Deposit Term
120 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

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.

See Also