Banca CF+ — Conto Deposito Young (under 35)
Banca CF+ S.p.A.
tax and stamp duty take 32%
Data verified on last change the sources
Worth it if you want a deposit account with zero fees on every line — opening, closing, account fee, inbound and outbound transfers — with both locked and flexible options.
Avoid it if you're counting on a better rate for being under 35: today it matches the ordinary account, which anyone can open.
Conto Deposito Young is Banca CF+'s deposit account reserved for customers who have not yet turned 36 at signing, with Italian citizenship and tax residence, and it has the same three lines as the standard product: locked, releasable on notice and flexible. This card covers the locked, non-releasable line. Under information sheet no. 8, in force from 31 October 2026, it pays 3.00% gross at 6 months and 3.50% from 12 to 60 months, with a quarterly or annual coupon (a single payment at maturity on the 6-month term). These are the same rates as the ordinary deposit account, in force from the same date: today the under-35 advantage is not in the rate. Entry is €5,000 in multiples of a thousand, every fee line is zero, and an Italian 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 Locked Deposit it is not possible to «change the duration of an agreed term, nor request early return of the funds subject to the term». The Young account also offers a Releasable Locked Deposit, at 3.30% gross from 12 to 60 months: release requires 32 days' notice and no interest is paid on the sums released. |
| 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 |
| Joint account | Yes |
| 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 from 12 months right up to 60, with a quarterly or annual coupon: no need to lock up for long to get the top rate on the ladder.
- The same three lines as the standard account — locked, releasable on notice, flexible — with an identical entry threshold and structure.
- Every fee line is zero: opening, closing, account fee, inbound and outbound transfers.
- No notable sovereignty advantage documented.
Weaknesses
- Today the under-35 advantage is not in the rate: the information sheets in force from 31 October 2026 give the same figures as the ordinary account, which anyone can open.
- The curve is flat: from 12 to 60 months the rate stays at 3.50%, so locking for longer earns nothing extra and removes the option to reposition if rates rise.
- The unrestricted balance pays 0.20% gross, that is −0.052% after withholding tax and stamp duty: unlocked funds lose value.
- The age requirement must be met by all joint holders, not only the primary one.
- 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 3.0/5, average profile. In its favour: 3.50% gross from 12 months right up to 60, with a quarterly or annual coupon: no need to lock up for long to get the top rate on the ladder. The trade-off to weigh: today the under-35 advantage is not in the rate: the information sheets in force from 31 October 2026 give the same figures as the ordinary account, which anyone can open.
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 Young (under 35), 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
Banca CF+ 'Conto Deposito' app (id 1524621349): the single deposit-account app, covering the Young line too; institution-level figure.
-
Trustpilot ↗
3.2/5
37 reviews
Institution-level score (bancacfplus.it domain, shared with the other CF+ card); no separate reviews for the Young variant.
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 the Young version worth opening if I am under 35?
Today there is no rate advantage. Information sheet no. 8 for Conto Deposito Young and no. 29 for the ordinary deposit account, both in force from 31 October 2026, show the same rates: 3.00% at 6 months and 3.50% from 12 to 60 on the locked line, 3.30% on the releasable line, a promotional 2.75% on the flexible line until 31 December 2026. The ordinary account has no age limit. It is worth comparing both when opening, rather than assuming the «for young people» product is the better deal.
What does 3.50% actually pay?
2.39% net. The 26% withholding tax takes 3.50% gross down to 2.59%, and then the 0.2% annual stamp duty on the balance, borne by the customer, is subtracted. The bank charges it to the Young deposit account annually on 31 December or at the operation's maturity or early closure.
What happens when I turn 36?
One month after the 36th birthday, deposits already in place keep their conditions until maturity, while new sums and renewals get the ordinary deposit account's conditions. If the account is joint, what counts is the birthday of the second holder to turn 36.
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
Update history
- Card completed from information sheet no. 8 in force from 31/10/2026: locked line at 3.00% gross for 6 months and 3.50% from 12 to 60 months, the same rates as the ordinary deposit account (information sheet no. 29).