Tyche Bank — ContoTe vs Banca CF+ — Conto Deposito Vincolato
In short: Tyche Bank — ContoTe if your usage matches its strength, Banca CF+ — Conto Deposito Vincolato otherwise — the numbers above beat any slogan.
| Tyche Bank — ContoTe | Banca CF+ — Conto Deposito Vincolato | |
|---|---|---|
| Tier | B | B |
| Rating | ★ 3.8 | ★ 3.7 |
| Max gross rate | 3.5% | 3.3% |
| Max net rate | 2.59% — tax and stamp duty take 26% | 2.242% — tax and stamp duty take 32% |
| Account type | Fixed term | Fixed term |
| Available terms | 6m · 12m · 18m · 24m · 36m · 48m · 60m — up to 3.5% 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 «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. | 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 | Quarterly | Quarterly |
| Interest paid upfront | No | No |
| Stamp duty | Paid by the bank | Paid by you — 0.2% of the balance per year |
| Deposit amount | €10,000 – €1,000,000 | €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 (Albo Banche n. 5740 · ABI 03426) | Licenza bancaria (ABI 10312) |
Frequently asked questions
Tyche Bank — ContoTe vs Banca CF+ — Conto Deposito Vincolato: which is better?
In short: Tyche Bank — ContoTe if your usage matches its strength, Banca CF+ — Conto Deposito Vincolato otherwise — the numbers above beat any slogan.
Is Tyche Bank — ContoTe custodial or self-custody?
Tyche Bank — ContoTe is custodial: funds are held by the platform, while Banca CF+ — Conto Deposito Vincolato is custodial.