BFF

ItalyItaly(BBB)

• Start saving from €20,000 up to €100,000

• Deposit Guarantee protection Up to €100,000 payout in EUR

logo of BFF

Our offers

Rate
Term
Currency
Product Type

Rate

3.25% AER

Term

3 Months

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit
Gross rate

3.25%

AER

3.25%

Compound interest

No

Term

3 Months

Availability

When the deposit reaches maturity

Interest capitalisation?

No, Interest is paid at maturity

Interest payment

At maturity

Interest type

Fixed - The rate won't change for the entire 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. 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%).

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 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.

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.