CiviBank

CiviBank is a brand of Banca di Cividale S.p.A., a bank from Italy. From the Netherlands you open an account through the savings platform Raisin: one Raisin account, with your money held at CiviBank in your name.

For €50,000 we list 1 notice account and 10 deposits from CiviBank, with terms from 6 months to 8 years. With a notice period the highest is 1.50% (Spaarrekening met 31 dagen opzegtermijn). The best-paying deposit runs for 6 months at an effective 2.28% a year.

The lowest minimum deposit is €20,000.

Savings at CiviBank 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.