Izola Bank

MaltaMalta(A-)

> Start saving from €1,000 up to €100,000

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

No withholding tax

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Top offer

2.95% AER

Term:

1 Year

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2.65% AER

Term

3 Months

Currency

EUR

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Term deposit
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2.75% AER

Term

6 Months

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EUR

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Rate

2.95% AER

Term

1 Year

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EUR

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About the Bank

Founded in 1994, Izola Bank is an online bank based in Valletta, Malta. It offers competitive, simple and user-friendly financial products to corporate and retail customers in Belgium, France and Malta. The bank was originally established to support the financial management of the Van Marcke Group. The Van Marcke Group, based in Kortrijk, Belgium, is one of Europe's largest suppliers in the wholesale plumbing and heating products sector. The family business continues to hold full ownership of the bank, which is now the 14th largest bank in Malta in terms of total assets. Izola Bank has invested heavily in its IT and e-business infrastructure. This ensures that every transaction is reliable and, above all, secure. As a purely internet-based bank, Izola also manages to make many cost savings, which they pass on to their customers in the form of higher interest rates.

Deposit Guarantee Scheme

Deposits including accrued interest income are legally protected by the Maltese 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. Please note: This protection relates to a customer's entire deposits with a bank. This is especially relevant if you have other funds deposited with the bank outside of what you plan to deposit via Raisin Bank.

Tax process and documentation

Malta does not levy withholding tax on non-residents, i.e. you are automatically exempt from withholding tax and do not have to do anything else.

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.

Top offer

2.95% AER

Term:

1 Year