Izola Bank

This bank is based in: Malta (A-)
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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

65


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 01.06.2026.

Deposit Guarantee Scheme

In accordance with EU Directive 2014/49/EU on deposit guarantee schemes, your savings – including interest accrued but not yet credited – are guaranteed by the Maltese statutory Deposit Guarantee Scheme up to €100,000 per depositor per bank (please bear this in mind if you hold additional funds with the same bank outside Raisin). Repayment will be made in euro. The repayable amount will be made available to the depositor within seven working days from the date on which the Deposit Guarantee Scheme is activated. The guarantee applies to all natural persons, regardless of whether they reside in Malta or elsewhere. The Deposit Guarantee Scheme is administered by the Malta Financial Services Authority (https://compensationschemes.org.mt/).

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. Important: Irish deposit interest tax (DIRT) is not deducted automatically. Any interest earned must be declared to Revenue in an annual tax return.

Raisin's role

With Raisin, 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 is online and hassle-free.

All interest rates displayed are Annual Equivalent Rates (AER), unless otherwise explicitly indicated. The AER illustrates what the interest rate would be if interest was paid and compounded once a year. This allows individuals to compare more easily what return they can expect from their savings over time. Raisin Bank, trading as Raisin, is authorised/licensed or registered by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) in Germany and is regulated by the Central Bank of Ireland for conduct of business rules.