Banca Sistema — SI conto! DEPOSITO vs Banca CF+ — Conto Deposito Vincolato
In short: Banca Sistema — SI conto! DEPOSITO if your usage matches its strength, Banca CF+ — Conto Deposito Vincolato otherwise — the numbers above beat any slogan.
| Banca Sistema — SI conto! DEPOSITO | Banca CF+ — Conto Deposito Vincolato | |
|---|---|---|
| Tier | A | B |
| Rating | ★ 4.0 | ★ 3.7 |
| Max gross rate | 3% | 3.3% |
| Max net rate | 2.22% — tax and stamp duty take 26% | 2.242% — tax and stamp duty take 32% |
| Account type | Fixed term | Fixed term |
| Available terms | 3m · 6m · 9m · 12m · 18m · 24m · 30m · 36m · 42m · 48m · 54m · 60m · 120m — up to 3% gross | 6m · 12m · 18m · 24m · 36m · 48m · 60m — up to 3.3% gross |
| Early withdrawal | No | No |
| What early withdrawal costs | No early withdrawal: the information sheet states that «early repayment of locked funds cannot be requested». As an alternative the bank offers SI conto! SUBITO, a loan secured against the locked deposits: you do not break the term, you borrow against it. | On the standard fixed line it is not possible to «change the duration of an agreed term, nor request early return of the funds». Banca CF+ separately offers a releasable line, where exit requires notice and entails total or partial loss of accrued interest. |
| Interest compounding | At maturity | Quarterly |
| Interest paid upfront | No | No |
| Stamp duty | Paid by the bank | Paid by you — 0.2% of the balance per year |
| Deposit amount | €500 – — | €5,000 – — |
| Deposit guarantee | EU guarantee €100,000 | EU guarantee €100,000 |
| Requires a linked current account | No | No |
| Joint account | Yes | — |
| Supported countries | EEA · 1+ countries | EEA · 1+ countries |
| Regulator | Banca d'Italia | Banca d'Italia |
| Segment | B2C | B2C |
| When stamp duty is charged | — | Charged once a year |
| Regions | EU/EEA | EU/EEA |
| Licences & safety | Licenza bancaria (Banca d'Italia) | Licenza bancaria (ABI 10312) |
Frequently asked questions
Banca Sistema — SI conto! DEPOSITO vs Banca CF+ — Conto Deposito Vincolato: which is better?
In short: Banca Sistema — SI conto! DEPOSITO if your usage matches its strength, Banca CF+ — Conto Deposito Vincolato otherwise — the numbers above beat any slogan.
Is Banca Sistema — SI conto! DEPOSITO custodial or self-custody?
Banca Sistema — SI conto! DEPOSITO is custodial: funds are held by the platform, while Banca CF+ — Conto Deposito Vincolato is custodial.