Izola Bank

This bank is based in: Malta (A-)
• Start saving from €1,000 up to €100,000
• No fees, no subscriptions and Deposit Guarantee protected.
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Rate

Term

Currency

Product Type

Top offer from this bank

1.64

%  AER

Currency

EUR

Product Type

Demand Deposit
Demand Deposit

2.07

%  AER

Term

3 Months

Currency

EUR

Product Type

Term deposit
Term deposit

2.16

%  AER

Term

6 Months

Currency

EUR

Product Type

Term deposit
Term deposit

1.90

%  AER

Term

1 Year

Currency

EUR

Product Type

Term deposit
Term deposit

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.

More information about this bank

Year Established

1994


Place of Establishment

Valletta


Number of employees

77


Business Focus

Bank Deposits, Factoring, Corporate Loans


Market(s) in which the bank has branches

Malta


* This information is provided by FMH-Finanzberatung e.K. FMH-Finanzberatung specialises in information on interest rates and financial products and has been collecting and processing financial data in Germany since 1986.. As of 16/07/2025.

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

Maltese banks do not deduct tax on savings for Irish customers. This means your interest is paid in full (gross). For more details, please see the product information sheet.

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.