- Protected up to an equivalent of EUR 100,000
FIMBank is headquartered in Malta and is owned by two important financial institutions in the Gulf Region. Established in 1995 and with offices in Europe and the United Arab Emirates, FIMBank provides its international clientele with commercial, real estate and retail banking services. The bank is also renowned for the quality of its factoring services and was awarded the TFR Awards as the best factoring institution in 2016.
In addition, FIMBank vaunts a long term BB- rating from the the Fitch credit rating agency. With total assets of US$1.60 billion and a capital asset ratio of 14.20%, FIMBank complies with all European Union and Maltese banking capital requirements.
- Prolongation is only possible 28 to 5 days before termination
- 100% online
- Prolongation Possible
- Interest reinvested
About the country
Malta is a member of the European Union and – since 2008 – of the eurozone. Malta is classified as an advanced economy by the International Monetary Fund and as a high income country by the World Bank. The World Economic Forum describes Malta as an innovation-driven economy.
The strengths of the Maltese economy are its strategic location, being situated in the middle of the Mediterranean Sea at a crossroads between Europe, North Africa and the Middle East, its open market economy, multilingual population (88% of Maltese people speak English), and well developed finance and information & communication technology clusters.
In early 2017, Standard & Poor’s credit rating for Malta stood at A- and Moody’s credit rating at A3. Malta’s government debt, at 69.8% of GDP, is lower than the debt of Germany, France, the United Kingdom, and Austria.
Deposits are 100% secured by the Maltese Depositor Compensation Scheme up to an amount of EUR 100,000 per depositor per credit institution. This protection also applies to investors from outside of Malta. For more information on the Deposit Guarantee in Malta, please visit: http://www.compensationschemes.org.mt.
All Member States of the European Economic Area have agreed to improve their protection of savers and therefore to harmonise the minimum requirements for national deposit insurance schemes (Directives 94/19 / EC, 2009/14 / EC and 2014/49 / EU). Among them, the payment modalities, the payout period and other important points are uniformly regulated at a high standard throughout Europe.
Tax process and documents
Malta does not charge withholding taxes for non-resident individuals. However, your interest rate gains may be subject to taxation in your home country.
Please note that the tax treatment depends on your personal and individual asset position and that there might be changes in the tax treatment. We advise customers to seek individual tax advice in cases of doubt.
For opening of a deposit, an Account Opening Application is required, signed and in original. For renewal and prolongation of a deposit, only an online application will suffice.
What is Raisin?
Raisin’s goal is to provide savers the best interest rates! We give you access to exclusive savings products from all over Europe – all via one single platform and fully online!
To date, more than 120.000 customers have invested more than EUR 6.0 billion with our 48 partner banks.
We earned the trust of our customers and not only received numerous awards but also have a recommendation rate of 95 % on the independent German rating portal Bankingcheck. This allowed us to build the largest and by far the most successful marketplace for savings and investment products across Europe.
Raisin guarantees a smooth investment process and the simple management of your investments with all of our partner banks via one single platform. And in case of any questions or doubt you can always get in touch with our excellent customer service who are happy to help.
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FIMBank p.l.c with its seat at Mercury Tower, The Exchange Financial and Business Centre, Elia Zammit Street, STJ 3155 St Julian’s, Malta is registered with Commercial Register in Malta under registration number C17003. FIMBank p.l.c is authorized and regulated by the Malta Financial Services Authority (MFSA). Your eligible deposits with FIMBank p.l.c are protected up to EUR 100,000 per bank and per customer by the Deposit Compensation Scheme (http://www.compensationschemes.org.mt). Any deposits you hold above the EUR 100,000 limit are not covered. This communication has been authorized by FIMBank p.l.c