Banca CF+ — Conto Deposito Vincolato
Banca CF+ S.p.A.
tax and stamp duty take 32%
Data verified on last change 3,30% → 3,50% the sources
Worth it if you lock for the short term: you already get 3.50% gross (2.39% net) at 12 months, the same rate as 60 months, without committing for five years.
Avoid it if you aim for the long term or want flexibility: the curve is flat (same rate from 12 to 60 months) and the line covered here is non-releasable.
Banca CF+'s deposit account runs three lines within the same relationship: locked and non-releasable, locked but releasable on notice, and flexible. This card covers the first, the one with the highest rates. The ladder is flat: 3.50% gross on every term from 12 to 60 months, 3.00% at 6 months, so locking up for five years pays exactly the same as locking for one: long duration is not rewarded here. Interest arrives as a quarterly coupon in arrears on all maturities, except the 6-month which pays in a single instalment. Entry is €5,000 in multiples of a thousand, every fee line is zero, and a reference current account in the customer's name is required, which may be at another bank.
Data & conditions
| Max gross rate | 3.5% |
|---|---|
| Max net rate | 2.39% — tax and stamp duty take 32% |
| Account type | Fixed term |
| Available terms | 6m · 12m · 18m · 24m · 36m · 48m · 60m — up to 3.5% gross |
| Early withdrawal | No |
| What early withdrawal costs | 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 |
| Interest paid upfront | No |
| Stamp duty | Paid by you — 0.2% of the balance per year |
| When stamp duty is charged | Charged once a year |
| Deposit amount | €5,000 – — |
| Deposit guarantee | EU guarantee €100,000 |
| Requires a linked current account | No |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Parent of the Banca CF+ group, specialised in business lending and non-performing loans |
| MiCA / License status | Licenza bancaria (ABI 10312) Italian banking licence (Bank of Italy) |
Strengths
- 3.50% gross already at 12 months, the same rate as 60 months: no need to commit for five years to get the maximum.
- Quarterly coupon in arrears on all maturities from 12 months up, so the return arrives along the way rather than only at maturity.
- Entirely zeroed cost structure: opening, closing, account fee, inbound and outbound transfers, periodic communications and interest calculation.
- Alongside the rigid line there is a releasable one with notice: flexibility can be bought with interest rather than given up entirely.
- No notable sovereignty advantage documented.
Weaknesses
- The curve is flat: from 12 to 60 months the rate is the same, 3.50%. Locking for five years instead of one is not rewarded, while exposing you to the risk of rising rates.
- €5,000 entry per term, in multiples of €1,000.
- On the non-releasable line the term cannot be shortened, nor the funds requested early.
- The unrestricted balance pays 0.20% gross, that is −0.052% after withholding tax and stamp duty: unlocked funds lose value.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Italian banking licence (Bank of Italy)): reporting to authorities and freezes on order.
Verdict
Score 3.7/5, solid profile. In its favour: 3.50% gross already at 12 months, the same rate as 60 months: no need to commit for five years to get the maximum. The trade-off to weigh: the curve is flat: from 12 to 60 months the rate is the same, 3.50%. Locking for five years instead of one is not rewarded, while exposing you to the risk of rising rates.
On the Sovereignty lens the score is 0.4/5 (weak): the strength is censorship resistance (1.5/5), while fund control (0.0/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Banca CF+ — Conto Deposito Vincolato, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
No known incidentSearch across public sources: no known hack, withdrawal freeze or regulatory action as of the verification date.
verified on
Public reviews
-
App Store ↗
4.5/5
471 reviews
Official 'Conto Deposito' app by Banca CF+ (Credito Fondiario).
-
Trustpilot ↗
3.2/5
37 reviews
Mixed reviews; frequent complaints about the non-withdrawable locked line.
Weighted average across 2 public review platforms (508 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
Is locking for 60 months better than 12?
No, on this ladder. Information sheet N.29, effective 31 October 2026, sets 3.50% gross on every term from 12 to 60 months: locking for five years instead of one adds nothing to the return. In exchange you give up access to the capital for four extra years and lose the ability to reposition if rates rise.
What does 3.50% actually pay?
2.39% net. The 26% withholding tax applies to 3.50% gross, bringing it to 2.59%, then the 0.2% annual stamp duty on the balance is subtracted, borne by the customer. The bank charges it to the deposit account annually on 31 December, or at maturity or early closure.
Can I withdraw early?
Not on the line covered by this card: the information sheet rules out changing the duration of an agreed term or requesting early return of the funds. Banca CF+ does offer a separate line, the releasable fixed deposit, where release can be requested on notice and entails total or partial loss of accrued interest. Two overlapping release requests cannot be filed.
Do I need a Banca CF+ current account?
No, but you must nominate a reference current account in your own name, which may be at another institution. Inbound and outbound transfers are free.
When is interest paid?
As a quarterly or annual coupon in arrears on all maturities; the 6-month pays a single coupon at maturity, and the 18-month lets you choose between quarterly and a single final payment. Interest is credited to the deposit account with value date matching the settlement date.
What changes with the merger into Banca Sistema?
Banca CF+ is being merged into Banca Sistema, effective from 00:01 on 7 November 2026 unless the merger deed sets another date. The contract continues without signing a new one and existing terms keep their conditions until maturity, but the deposit account's IBAN changes and internet banking and the app are suspended from 5 to 9 November for the migration. For the Interbank Deposit Protection Fund, from the effective date a customer's deposits at Banca CF+ and Banca Sistema are added together against the €100,000 limit.
Sources
- Official service page Svincolo · Bollo · Spese Data verified on Nov 4, 2026
- bancasistema.it IBAN Data verified on Nov 4, 2026
- img.gruppomol.it Svincolo · Bollo · Spese Data verified on Jul 27, 2026
Update history
- tasso_lordo_max_pct 3,30% → 3,50% New information sheet N.29 effective 31/10/2026: 3.50% on every term from 12 to 60 months (previously 3.25% at 12 and 18 months, 3.30% from 24 to 60); 6 months from 2.80% to 3.00%.