BFF

ItalyItaly(BBB)

Deposit amount:Start saving from €20,000 up to €100,000

Deposit Guarantee protection: Up to €100,000.00 payout in EUR

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Rate

Duration

Currency

Product Type

Rate

2.23% AER

Duration

2 Years

Currency

EUR

Product Type

Term deposit
Term deposit
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Nominal rate

2.25% Gross

AER

2.23% Gross

Compound interest

No

Term

2 Years

Availability

Available at maturity

Interest payment

Interest is paid at maturity

Interest payment

At maturity

Variable interest rate

Interest rate remains fixed for the agreed term.

Renewal

You can choose to extend this deposit if you enable the option in your Raisin Account

About the Bank

BFF Banking Group is the largest operator of specialized financing in Italy and a leading player in Europe specializing in the management and non-recourse factoring of trade receivables from public administration, investment services, banking and corporate payments. The group operates in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia and Spain. BFF is listed on the Italian stock exchange.

Deposit Guarantee Scheme

Deposits including accrued interest income are legally protected by the Italian Deposit Protection Fund up to an amount of EUR 100,000 per customer and per bank. Within the European Union, the minimum requirements are harmonized in all member states by Directives 94/19/EC, 2009/14/EC and 2014/49/EU. It should be noted that this protection relates to a customer's entire deposits with a bank. This is relevant if not only the deposits of a customer brokered via this platform were invested with a specific bank, but also other deposits of this customer were invested with the respective bank.

Tax process and documentation

The withholding tax rate of 19% on interest income in Spain can be reduced to 10% for customers from Ireland, as you must to provide the Spanish tax form ("Declaración de Residencia Fiscal") when you first open an account with each of our partner banks in Spain. This form is sufficient to reduce the withholding tax and only needs to be submitted once per person and per partner bank.

Raisin Bank's role

With Raisin Bank, one login gives you access to competitive savings accounts from banks across Europe, allowing your savings to work even harder. No fees, no paperwork: saving with Raisin Bank is online and hassle-free.