Updated on 25 April 2019
GermanyBanca Popolare Lecchese was established in 1994. In 2016 Banca Popolare Lecchese was acquired by Oaktree Capital Management LP (United States) and was renamed to Banca Progetto. Banca Progetto is aimed to becoming a new specialized intermediary in the area consumer credit to households and financing of small and medium-sized Italian enterprises.
ItalySANTANDER CONSUMER BANK S.P.A., a member of Santander Group (Spain), is a provider of financial services in retail banking. The head bank of the group, Banco Santander, based in Madrid is mainly active in retail banking and in addition in global wholesale banking, cards, asset management and insurance business.
ItalyEstablished in 1983, Banca IFIS specializes in providing short-, medium- and long-term financing solutions to SMEs. In 2008 Banca IFIS successfully launched "rendimax" project to provide high-yield online saving accounts.
ItalyOriginally established in 1927, IBL Banca (Istituto Bancario del Lavoro) started its operations as a financial institution in 2004 and as a bank in 2008. IBL Banca specializes in providing consumer credit and savings solutions to retail customers. IBL Banca also provides insurance products.
ItalyEstablished in 1983, Banca IFIS specializes in providing short-, medium- and long-term financing solutions to SMEs. In 2008 Banca IFIS successfully launched "rendimax" project to provide high-yield online saving accounts.
ItalySANTANDER CONSUMER BANK S.P.A., a member of Santander Group (Spain), is a provider of financial services in retail banking. The head bank of the group, Banco Santander, based in Madrid is mainly active in retail banking and in addition in global wholesale banking, cards, asset management and insurance business.
ItalyCheBanca! was established in May 2008 as a retail bankof Mediobanca Group and provides retail bankingand insurance products and services. CheBanca! operates mainlyonline as a direct bank but also has a branch network.
ItalyUniCredit SpA is the head bank of UniCredit Group, one of the largest European banking group with a strong presence in Central and Eastern Europe. UniCredit SpA operates as a universal bank: it offers a broad range of products and services in retail, corporate and investment banking and asset management. UniCredit SpA adopts a fully integrated multi-channel banking model, combining traditional channels with digital ones.
ItalyWebank S.P.A. is a direct bank offering retail banking products and services via direct channels like Internet. Being a direct bank, Webank doesn't have to maintain a costly branch network and hence can offer its products and services at competitive prices. Webank operates as a subsidiary of Banca Popolare di Milano.
ItalyOriginally established in 1927, IBL Banca (Istituto Bancario del Lavoro) started its operations as a financial institution in 2004 and as a bank in 2008. IBL Banca specializes in providing consumer credit and savings solutions to retail customers. IBL Banca also provides insurance products.
ItalyING Direct operates in Italy as a division ofING Bank (Italy).Being a direct bank, ING Direct doesn't have to support anexpensive branch network, the resulting cost savings are passed on to the bank's customerswhich allows to offer fair conditions.ING Direct offers a wide range of simple and transparent retail banking productsat competitive prices like deposit accounts, current accounts,consumer and mortgage loans, investments, online trading and insurance.
ItalyBanco BPM emerged on January 1, 2017 as the result of the merger of two major cooperative Italian banks, Banco Popolare and Banca Popolare di Milano. Banco BPM provides a broad range of retail banking products and services to private individuals and SMEs. Banco BPM serves its customers through an extensive and complementary distribution network and a comprehensive multi-channel model.
ItalyBanca Farmafactoring is an Italian bank, established in 1985 by a group of pharmaceutical companies and biomedical equipment manufacturers in order to consolidate complex activities of credit management in the industry into a single point of contact.
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.
Italy: This product is offered to Italian residents only. When clicking on the product link you will be redirected to the product page in Italian.
Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While offering more flexibility, savings accounts usually provide lower interest rates than term deposit accounts.
The table above shows essential details of selected savings accounts products offered to retail customers by the banks in Italy: currency, interest rate per annum and deposit term. The savings accounts terms vary from 1 month to 1 years (12 months). The interest rates are within the range 0.04 - 1.50 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Italy.
Savings accounts made with credit institutions in Italy are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Italy's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aa2 (high grade).
