Izola Bank

MaltaMalta(A-)

• Start saving from €1 up to €100,000

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

No withholding tax

logo of Izola Bank

Our offers

Rate
Term
Currency
Product Type

Rate

3.00% AER

Currency

EUR

Product Type

Demand Deposit

Product Type

Demand Deposit
Gross rate

3.00%

AER

3.00%

Compound interest

No

Availability

Payments in and out your Raisin account will occur weekly on Thursday

Interest capitalisation?

Every quarter

Interest type

Variable - The rate may change at any time. We will let you know any about changes in advance.

About the Bank

Izola Bank, based in Malta, was established in 1994 as a specialist provider of financial services to the business community. Initially focused on trade finance and payment services for businesses operating in Malta, it has expanded its services to cater to a broader European clientele. Izola Bank operates primarily online, offering a range of products including savings accounts, term deposits, and various types of loans. It is known for its competitive interest rates on savings and deposits. The bank emphasizes customer service and technological innovation, aiming to provide efficient and user-friendly banking solutions. Regulated by the Malta Financial Services Authority (MFSA), Izola Bank adheres to strict European banking standards, ensuring security and reliability for its customers. It continues to leverage its niche expertise to grow within the European financial market.

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.