Banca Ifis — Rendimax Conto Deposito vs Tyche Bank — ContoTe
In short: Banca Ifis — Rendimax Conto Deposito if your usage matches its strength, Tyche Bank — ContoTe otherwise — the numbers above beat any slogan.
| Banca Ifis — Rendimax Conto Deposito | Tyche Bank — ContoTe | |
|---|---|---|
| Tier | B | B |
| Rating | ★ 3.9 | ★ 3.8 |
| Max gross rate | 3.5% | 3.5% |
| Max net rate | 2.39% — tax and stamp duty take 32% | 2.59% — tax and stamp duty take 26% |
| Account type | Fixed term | Fixed term |
| Available terms | 6m · 9m · 12m · 18m · 24m · 36m · 48m · 60m — up to 3.5% gross | 6m · 12m · 18m · 24m · 36m · 48m · 60m — up to 3.5% gross |
| Early withdrawal | No | No |
| What early withdrawal costs | No early withdrawal at all: the information sheet rules out access to the funds — «not even partial» — before maturity, and forbids closing the deposit or changing its term. | No early withdrawal: the information sheet states that «the Customer cannot release, in whole or in part, the deposited sums before maturity». The bank, by contrast, may terminate the contract at any time without giving a reason, on two months' notice. |
| Accrued interest forfeited | No | — |
| Interest compounding | Quarterly | Quarterly |
| Interest paid upfront | No | No |
| Stamp duty | Paid by you — 0.2% of the balance per year | Paid by the bank |
| When stamp duty is charged | Charged at each statement period | — |
| Deposit amount | €1,000 – €3,000,000 | €10,000 – €1,000,000 |
| Deposit guarantee | EU guarantee €100,000 | EU guarantee €100,000 |
| Automatic rollover | No | — |
| Requires a linked current account | No | No |
| Joint account | Yes | Yes |
| Supported countries | EEA · 1+ countries | EEA · 1+ countries |
| Regulator | Banca d'Italia | Banca d'Italia |
| Segment | B2C | B2C |
| Regions | EU/EEA | EU/EEA |
| Licences & safety | Licenza bancaria (Albo Banche n. 5508 · ABI 03205) | Licenza bancaria (Albo Banche n. 5740 · ABI 03426) |
Frequently asked questions
Banca Ifis — Rendimax Conto Deposito vs Tyche Bank — ContoTe: which is better?
In short: Banca Ifis — Rendimax Conto Deposito if your usage matches its strength, Tyche Bank — ContoTe otherwise — the numbers above beat any slogan.
Is Banca Ifis — Rendimax Conto Deposito custodial or self-custody?
Banca Ifis — Rendimax Conto Deposito is custodial: funds are held by the platform, while Tyche Bank — ContoTe is custodial.