Banca Sistema — SI conto! DEPOSITO vs Banca Ifis — Rendimax Conto Deposito
Neither wins across the board: weigh the points above against your use case before choosing between Banca Sistema — SI conto! DEPOSITO and Banca Ifis — Rendimax Conto Deposito.
| Banca Sistema — SI conto! DEPOSITO | Banca Ifis — Rendimax Conto Deposito | |
|---|---|---|
| Tier | A | B |
| Rating | ★ 4.0 | ★ 3.9 |
| Max gross rate | 3% | 3.5% |
| Max net rate | 2.22% — tax and stamp duty take 26% | 2.39% — 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 · 9m · 12m · 18m · 24m · 36m · 48m · 60m — up to 3.5% 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. | 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. |
| 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 – — | €1,000 – €3,000,000 |
| Deposit guarantee | EU guarantee €100,000 | EU guarantee €100,000 |
| 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 |
| Accrued interest forfeited | — | No |
| When stamp duty is charged | — | Charged at each statement period |
| Automatic rollover | — | No |
| Regions | EU/EEA | EU/EEA |
| Licences & safety | Licenza bancaria (Banca d'Italia) | Licenza bancaria (Albo Banche n. 5508 · ABI 03205) |
Frequently asked questions
Banca Sistema — SI conto! DEPOSITO vs Banca Ifis — Rendimax Conto Deposito: which is better?
Neither wins across the board: weigh the points above against your use case before choosing between Banca Sistema — SI conto! DEPOSITO and Banca Ifis — Rendimax Conto Deposito.
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 Ifis — Rendimax Conto Deposito is custodial.