Banca Promos is a bank from Italy. From the Netherlands you open an account through the savings platform Raisin: one Raisin account, with your money held at Banca Promos in your name.
For €50,000 we list 3 deposits from Banca Promos, with terms from 6 months to 18 months. The best-paying deposit runs for 1 year at an effective 2.00% a year.
The lowest minimum deposit is €10,000.
Savings at Banca Promos fall under Fondo Interbancario di Tutela dei Depositi (FITD), the statutory deposit guarantee scheme of Italy, up to €100,000 per person. We checked that with the supervisor or the scheme itself. Italy does not withhold tax on the interest of a saver who lives in the Netherlands.
No changes seen since we started following Banca Promos .