Izola Bank plc

Business Summary

Services
retail banking
Clients
resident natural persons
non-resident natural persons
resident business entities
non-resident business entities
Products
Area Served
Malta
Germany

Izola Bank plc provides services in the area of retail banking. The range of products offered by Izola Bank plc includes savings accounts (0.00 - 0.00 %), time deposit accounts (0.15 - 1.40 %). Izola Bank plc makes its solutions available to resident natural persons, non-resident natural persons, resident business entities, non-resident business entities.

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.

Izola Bank plc offers the following savings accounts.

Updated on 25 January 2020

Flexgeld24
Sales Region
Germany
Investment Amount
1 - 100,000 EUR
Interest Rate (p.a.)
0.00 %
Deposit Term
1 - 99 months
Savings Account Details
Product Name
Flexgeld24
Account Currency
EUR
Min. Interest Rate (p.a.)
0.00 %
Max. Interest Rate (p.a.)
0.00 %
Min. Deposit Term
1 month
Max. Deposit Term
99 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
24 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 Izola Bank plc are covered by deposit guarantee scheme of Malta up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of Malta is not taxed. Interest gained on savings accounts by residents of Malta is taxed at 15.00% rate. When the interest is paid, this tax is automatically withhold by Izola Bank plc 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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Izola Bank plc offers the following time deposit accounts.

Updated on 25 January 2020

Festgeld
Sales Region
Germany
Investment Amount
1,000 - 100,000 EUR
Interest Rate (p.a.)
0.15 - 1.40 %
Deposit Term
6 - 60 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.15 %
Max. Interest Rate (p.a.)
1.40 %
Min. Deposit Term
6 months
Max. Deposit Term
60 months
Min. Investment Amount
1,000 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 Izola Bank plc are covered by deposit guarantee scheme of Malta up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Malta is not taxed. Interest gained on time deposit accounts by residents of Malta is taxed at 15.00% rate. When the interest is paid, this tax is automatically withhold by Izola Bank plc from the time deposit account.

See Also

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