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Useful Facts

Place your savings in Izola Saver+ and earn higher interest


Placing your savings into a fixed account for a year or more is a great way to get the most out of your savings. These are few important aspects about Izola Saver+ to note.

Izola Saver & Izola Saver+ Interest Rates


       
  Product Term Interest Rate
       
       
  Saver Account N/A 1.00% Variable
       
       
  Saver+ 1 year 1.50 %
       
       
  Saver+ 2 years 1.75 %
       
       
  Saver+ 3 years 2.00 %
       
       
  Saver+ 4 years 2.25 %
       
       
  Saver+ 5 years 2.50 %
       
       
  Saver+ 7 years 2.75 %
       
       
  Saver+ 10 years 3.00 %
       

 

The interest rate is fixed


Once you confirm the opening of a new term deposit account, the interest rate will be fixed for the term of the deposit you choose. Once opened, a term deposit account cannot be closed until the duration of the term has been completed.

The rates of interest offered on term deposits may be changed at Izola Bank’s discretion.

A minimum deposit of €500


You will need a minimum balance of €500 to open a new Izola Saver+ Term Deposit.

What happens to your funds on maturity?


On the maturity date of your term deposit account, the funds will be returned to your Izola Saver account.

No charges


There are no charges levied by Izola Bank for opening a term deposit account.

Tax will be withheld


The bank will withhold 15% tax depending on whether you elected to have tax on interest withheld when you opened your Izola Saver account (this option is only available to Malta residents).