up to 4% per year for those who resist 5 years – Corriere.it

The ECB raises interest rates and government bond yields finally return to positive ground (12-month BOT + 2.09% gross, 10-year BTP + 4.70% gross). Even restricted deposit accounts inevitably try to keep pace in order to maintain competitiveness with the government, but this time by favoring above all the long deadlines and proposing unprecedented promotions. P.In order to beat the annual Bot and get 2% it is necessary to bind the money for 24 months, but by extending the retainer to five years it is possible to reach 3.50% gross of the deposit of VVBanca and 4% of the deposit of Banca illimity.

These rates are recognized on non-redeemable lines. If you choose the releasable, the rate drops to 2.50% on ViViConto and 3.50% on illimity. These exceptional returns for Banca illimity are part of a promotion aimed at new customers who open an account by November 28, which also provides special rates on 36-month bonds (2.90% gross per annum for the non-releasable and 2.10% for the releasable) and on the maturity of 48 months (3% gross per annum on the non-releasable and 2.50% on the releasable). “With these rates – explains Carlo Panella, head of Direct Banking at illimity – we aim not only to be competitive with government bonds, but to offer an alternative for household savings with guaranteed returns over the long term and not subject to market fluctuations ».

In competition with the annual Bot, even taking a step forward, it is IBL Banca which to new customers who open the ControCorrente account by 30 June 2023, recognizes 2% gross per annum on liquidity without constraints and without amount limits. This rate will be applied until 31 March 2023, while until 31 December 2023 the Bank also pays the stamp duty of 34.20 and zeroes the fee for the first six months. ControCorrente also allows the activation of deposits with a quarterly coupon, with gross annual returns ranging from 1.35% on the six-month maturity, to 2.25% on 36 months.

Times and offers

Banca Progetto extends the current promotion, giving new customers until 31 October 2022 to open a new account, promising an annual gross promotional rate of 1.75% until 31 December 2022 and subsequently, until 31 December 2023, 1.50%, always with stamp duty paid by the bank. Among the latest news we point out the arrival of the first socially responsible deposit, signed by Banca Guber. It is the Deposito102 + that offers a double advantage: economic performance and commitment to the community. Only one bond of 18 months; a gross annual rate of 1.40% gross; stamp duty payable by the bank. Which undertakes to pay 0.5% of the amounts linked to the Ethics Foundation and FOQUS Foundation to support the “La Casa Comune” project in the Spanish Quarters of Naples for the assistance of people with cognitive disabilities.

The “structured” option

The other novelty is the arrival, by October, of a new type of structured deposit accounts proposed by Smart Bank (the digital investment bank born in 2022 on the initiative of Cirdan Group). They are bank deposits with bonds from one to seven years which, unlike the traditional ones, offer variable returns linked to the performance of the underlying which can be Italian, European, US equities, currencies (including cryptocurrencies), commodities, inflation. The saver can choose the underlying he prefers and multiple deposits. At maturity, the return on the underlying will be recognized. In the event of negative performance, the invested assets will be fully reimbursed. Structured deposits are also guaranteed by the Interbank Deposit Protection Fund. Like the classic deposits there are no costs. In addition, the Bank pays the stamp. From mid-October Smart Bank will also launch traditional deposits with maturities of six, twelve, 24, 36 and 60 months, whose returns range from 1.9% gross per annum, up to 3.52%. In this case, the stamp duty is charged to the customer