1.38% p.a. for 3 Years with BFF
Country of origin:
Italy
Enjoy the certainty of fixed, high rates up to 1.38%
No costs
Rate
Duration
Currency
Product Type
Interest rate nominal
1.40% p.a.
Interest rate effective
1.38% p.a.
Compound interest
No
Term
3 Years
Availability
Available on maturity
Interest credit
No interest credited before maturity
Interest payment
At maturity
Interest rate changes
Interest rate is fixed on opening.
Renewal
You can extend this deposit if you enable the option in your Online Banking.
This offer is provided in partnership with Weltsparen.de and requires registration on the platform for claiming it. No additional or hidden fees.
1
Join Our Platform
Choose the perfect offer for you and sign up.
2
Claim your order
Deposit your preferred investment amount and begin your journey to financial growth.
3
Verify your identity
Complete the verification process through Post- or VideoIdent.
Bank Details
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.
Please note:
BFF Bank has a banking license in Italy. However, the bank offers deposits via Raisin Bank through its Spanish branch (Sucursal en España) in Madrid. This means that your savings with the bank are covered by the Italian deposit guarantee (up to €100,000 per account holder per bank), but Spanish withholding tax applies (which you can easily exempt when opening your term deposit, i.e. reduce to 0%).
Security & Deposit Protection
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 0% 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.
The role of Welstparen
With Raisin, 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.
Frequently asked questions
Is my money protected?
All deposits at Raisin Bank AG and our partner banks are guaranteed up to a maximum amount of €100,000 (or the equivalent amount in the respective national currency) per customer and per bank. Across Europe, national Deposit Guarantee Funds must meet the minimum requirements laid out (see Directives 94/19/EC, 2009/14/EC and 2014/49/EU). For more information on the harmonisation of the Deposit Guarantee Scheme (DGS) in the European Union, please visit our dedicated webpage.
How does the registration process work?
To become a Raisin Bank customer and order products through our platform you must first open your Raisin Account with Raisin Bank. The process is very simple and can be completed 100% online. You must first register online on your device (through our website or via our app) and then access your Raisin Account to verify your identity through a short video call* and upload a proof of address. Click here for a step-by-step guide on the registration process. *Video identification is done through our provider ID now.
What is the role of Raisin?
Raisin gives you access to deposit and savings accounts from banks across Europe - through one platform and completely online. Raisin`s services are free for you: Raisin receives a commission on brokered savings from its partner banks. Over 1 million European customers already save more than €60 billion with Raisin`s partner banks. To save with partner banks, you open your free Raisin account with Raisin Bank, your personal central transaction account with Raisin Bank. Then open and manage as many savings products as you wish from one central account - ideal if you want to spread your savings across different products, banks and countries!
What are the minimum and maximum amounts I can invest?
The maximum investment limit per bank depends on the total amount invested and not on the number of deposits opened. In order to ensure that your funds are always protected by the Deposit Guarantee Schemes, the maximum investment amount per bank is up to €100,000. The minimum investment amount depends on the partner bank.
Is the account free of charge?
The services offered by Raisin Bank are provided free of charge. This includes opening and maintaining your Raisin Account, managing your international bank transfers (in euros), confirming your balance, sending statements, as well as our Customer Service in English. The opening and maintaining of term deposit accounts with our partner banks are also free as Raisin Bank receives a commission from the partner banks for the savings intermediated.
What is a deposit account?
A deposit account is a savings product which allows you to make an investment of a certain amount for a fixed period of time and at a fixed interest rate, with all parameters being agreed to before entering into the contract. At Raisin Bank, we offer terms ranging from 3 months to 5 years. As a general rule, the interest you will earn will be higher the longer the period for which you deposit your money.
How are the products I purchase through Raisin taxed?
As a resident of Ireland, you will have to declare the interest earned on the deposits you sign up for through Raisin Bank when filing your income tax return. Depending on the product’s country of origin, it is possible this country will apply a withholding tax to the interest generated. However, in most European countries, you will be able to claim back this withholding tax by sending us a certificate of tax residence in Ireland. For countries where the withholding tax cannot be claimed back, you will be able to compensate for the amount when filing your annual tax return in Ireland. You will therefore never be taxed twice on the interest earned through Raisin Bank’s products. To find out more about how the products you take out with Raisin Bank are taxed, please consult our tax guide.
Does Raisin withhold taxes on interest earned?
No – Raisin Bank does not withhold any taxes on interest earned. Interest income is earned at the relevant partner bank where you hold your deposit account and will be subject to double taxation agreements between your home country and the country of the term deposit investment. At the end of the term you will receive documents from the partner bank with all the information needed for your income tax declaration. Please note that you will be solely responsible for properly filing your tax returns in your home country.