Compare Savings Accounts in Malta

Updated on 21 August 2019

3 offers from 3 banks
Interest Rates: 0.25 - 0.45 % p.a.
Account Terms: 1 - 12 months
 Izola Bank
Germany
Rating
n/a
Currency
EUR
Interest Rate (p.a.)
0.45 %
Deposit Term
1 - 12 months
Savings Account Details
Product Name
Flexgeld24
Account Currency
EUR
Min. Interest Rate (p.a.)
0.45 %
Max. Interest Rate (p.a.)
0.45 %
Min. Deposit Term
1 month
Max. Deposit Term
12 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
24 times a year
Savings Account Provider

Established in 1994, Izola Bank provides competitive, straightforward and easy-to-use financial products to both personal and corporate clients.

 FIMBank
Germany
Rating
 (3.2)
Currency
EUR
Interest Rate (p.a.)
0.45 %
Deposit Term
1 - 12 months
Savings Account Details
Product Name
Tagesgeld/Flexgeld24
Account Currency
EUR
Min. Interest Rate (p.a.)
0.45 %
Max. Interest Rate (p.a.)
0.45 %
Min. Deposit Term
1 month
Max. Deposit Term
12 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
12 times a year
Savings Account Provider
 (3.2)

FIMBank (before 2003 - First International Merchant Bank) started operations in 1995; in 2001 its shares were listed on the Malta Stock Exchange. FIMBank plc is headquartered in St. Julian’s is a member of one of the biggest diversified holding companies in the Middle East, the KIPCO Group. FIMBank specializes in provider trade finance, factoring and forfaiting solutions, with a global presence in various important financial and trading centres.

 BNF Bank
Germany
Rating
 (3.7)
Currency
EUR
Interest Rate (p.a.)
0.25 %
Deposit Term
1 - 12 months
Savings Account Details
Product Name
Flexgeld24
Account Currency
EUR
Min. Interest Rate (p.a.)
0.25 %
Max. Interest Rate (p.a.)
0.25 %
Min. Deposit Term
1 month
Max. Deposit Term
12 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year
Savings Account Provider
 (3.7)

BNF Bank plc (formerly known as Banif Bank (Malta) plc) started operations in Malta in 2008. BNF Bank provides personal and business and corporate banking products and services with a focus of lending to the local community, including local SMEs.

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.

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 Malta: 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 0.25 - 0.45 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Malta.

Savings accounts made with credit institutions in Malta are covered by deposit guarantee scheme up to 100,000 EUR per depositor.

Malta's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).

See Also