BFF Bank

Best offers of BFF Bank from Italy

Welcome Bonus up to €100
0.06
%
AER
6 months | EUR
  • Protected up to an equivalent of €100,000

All Term Deposit offers from BFF Bank

Interest rate Term Currency
0.06 % AER
3 months EUR
0.06 % AER
6 months EUR
0.06 % AER
9 months EUR
0.06 % AER
1 year EUR
0.06 % AER
1.5 years EUR
0.06 % AER
2 years EUR
0.06 % AER
3 years EUR
0.06 % AER
4 years EUR
0.06 % AER
5 years EUR

About BFF Bank

BFF Banking Group is the largest operator of specialised finance in Italy and a leading player in Europe, specialized in the management and non-recourse factoring of trade receivables due from the Public Administrations, securities services, banking and corporate payments. The Group operates in Italy, Croatia, Czech Republic, France, Greece, Poland, Portugal, Slovakia and Spain. BFF is listed on the Italian Stock Exchange.

Note: BFF Bank is an Italian bank (ie has a banking license in Italy) but offers deposits on Raisin.ie through its Spanish branch in Madrid. This means that your savings at the bank fall under the Italian deposit guarantee (up to EUR 100,000 per customer), but that Spanish tax regulations apply (due to withholding tax).

Offer details

Effective rate
0.06 % AER
Nominal rate
0.06 % AER
Term
6 months
Availability
At maturity
Interest payout
At maturity
Interest taxation
At maturity
Deposit guarantee
100 % Deposit guarantee Italy
Currency
EUR
Min/Max investment amount
5,000 – 100,000  EUR
Prolongation
  • Prolongation is only possible 28 to 5 days before termination
  • 100% online
  • Interest payout possible
Withholding tax
The term deposits are offered through the Spanish branch of BFF Bank. Spanish witholding tax is 19%, however this will be reduced to 0% by providing the Spanish tax form "Auto Declaración de Residencia Fiscal de Persona Física y Jurídica" when opening the account. This form is only required once per customer, so ordering any additional deposits and prolongation is 100% online.
Additional documents
An electronic order in online banking is sufficient to open the account. The Spanish tax form to reduce withholding tax must be sent once in original to Berlin to open the first deposit account.

Security and deposit guarantee

Italy is a republic in southern Europe, one of the largest economies in the world and, according to the Human Development Index (HDI), one of the most developed countries. In addition, Italy has been one of the founders of the EU and a member of the euro zone since 2002.

S&P Credit status country: BBB (Date April 26, 2019)

Tax process and documents

The term deposits are offered through the Spanish branch of BFF Bank. Spanish witholding tax is 19%, however this will be reduced to 0% by providing the Spanish tax form "Auto Declaración de Residencia Fiscal de Persona Física y Jurídica" when opening the account. This form is only required once per customer upon opening their first deposit with BFF Bank. Ordering additional deposits or prolonging an existing deposit can be done 100% online and does not require submitting another form.

An electronic order in online banking is sufficient to open the account. The Spanish tax form to reduce withholding tax must be sent once in original to Berlin to open the first deposit account.