BANCA SISTEMA- Fixed Bond 1 year
| 1/6 | This number is indicative of the risk of the product, being 1/6 indicative on lower risk and 6/6 of higher risk. | Entity attached to the Italian Deposit Guarantee Fund. The fund guarantees deposits on money up to 100.000€ per owner and entity. |
MAIN FEATURES:
- Account type: Fixed Rate Bond
- 1 year fixed term deposit
- Interest Rate (EAR): 0.65%
- Deposit: Min. 5.000€ – Max. 100.000€
- No Customer Service in English
- 100% Protected by The Deposit Guarantee Fund (FGD)
- Cancellation possible at anytime, losing your interests.
BASICS
Account type | Fixed Rate Bond – Personal |
Interest Rate (AER) | 0.65% |
Interest Payment | After maturity |
Changes on AER | Fixed rate |
Customer Service in English | No (Through the Bank) |
Fees | 0€/month |
Currency | Euro |
Online Management | Yes, through Raisin Platform |
| Fiscal Retention | In Italy there is no tax withholding for non-residents in the country. Therefore, it will not be necessary to present any document. |
| Renewal | Available from 28 to 5 days before the expiration date. |
| Application | On-line. The opening and renewal of the savings account can be done through the Raisin Electronic Platform. Read more about Raisin on the “About the Supplier” tab above. |
Deposits in the bank are fully guaranteed by the Italian Deposit Guarantee Fund (Depositor Compensation Scheme) for amounts up to 100.000€ per depositor and per bank. More information here.
All member countries of the European Union have agreed on the need to offer greater protection to savers. Across Europe, the minimum requirements of the different deposit guarantee systems have been harmonized in recent years (EU Directives 94/19 / EC, 2009/14 / EC and 2014/49 / EU). These Directives offer a high level of standardized protection of deposits throughout the EU regulating the modalities or maximum terms for the return of the amounts.
REQUIREMENTS
Contract method | Online, through Raisin Platform. |
Min¡mum age | 18 |
Required documentation | NIE/Passport, Phone number. Other documentation might be requested upon application. |
Banca Sistema is a modern and independent bank born in 2011, with shares in experienced and successful banking institutions on the management and private equity fund of the United Kingdom. Banca Sistema is based in Milan as well as having a presence in Rome and London. His specialty is commercial administration public loans.
In addition, Banca Sistema offers innovative banking services to more than 13.000 clients and has a deposit volume of more than 1.3 billion euros. In the last three years, Banca Sistema has grown considerably, being a profitable bank and reaching almost 800 million euros invested in deposits in the first half of 2014. Banca Sistema manages assets of more than 2.000 million euros and is known for seeking a close relationship with its clients and being active in non-profit projects, such as the promotion of young artists («Banca Sistema Arte»).
In June 2015, Banca Sistema entered the Milan stock market. The strong demand from investors in Europe and America has contributed to making it one of the most successful intellectual property offices in recent months and they will support Banca Sistema to successfully continue its level of long-term growth. The success of this Milanese bank continues to grow year after year, after 2015 was the most successful year in its history.
ABOUT RAISIN
Raisin was established in Berlin in 2013 and has quickly grown to become one of the most successful technology led financial services companies in Europe. In recent years, Raisin has attracted 200 million USD from investors such as PayPal, Thrive Capital, Index Ventures, and Ribbit Capital.
Raisin, which serves over 220,000 savings customers across Europe. Today, Raisin UK has one aim; to help UK customers save time and make money through our savings marketplace.
They provide savers with an easy way to apply for and manage savings products from a variety of partner banks which are guaranteed by the European Deposit Guarantee Scheme (DGS). All savings products on Raisin are protected up to an equivalent of 100.000€ per depositor and bank according to EU laws.
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