Banca Sistema

Banca Sistema 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 Sistema in your name.

For €50,000 we list 7 deposits from Banca Sistema, with terms from 6 months to 10 years. The best-paying deposit runs for 1 year at an effective 3.15% a year.

The lowest minimum deposit is €5,000.

Savings at Banca Sistema 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.