The My Deposit information sheet we can reach is «Updated 09/2024»: nearly two years old, and with no day. It is also the version for the Reale Group agency channel, with a section on off-premises offering — which makes it doubtful whether the product even falls within our perimeter, which covers only what can be opened online. In any case it requires a settlement current account at Banca Reale, kept open for the whole term.
For this reason this service does not appear in our rankings, comparator or comparison pages: it will once its terms can be verified against a dated official document.
Banca Reale — My Deposit
Banca Reale S.p.A.
My Deposit is the fixed-term deposit of Banca Reale, part of the Reale Mutua group, available with interest at maturity or as an annual coupon. Unlike almost every deposit we have verified, early release is provided for here: the bank restores access to the funds but applies an early-closure penalty that varies with the year of exit. We keep it out of the rankings because the reachable information sheet dates from 2024 and covers the agency channel.
Data & conditions
| Deposit guarantee | EU guarantee €100,000 |
|---|---|
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Bank of the Reale Mutua group, distributed mainly through its insurance agency network |
| MiCA / License status | Licenza bancaria (Albo Banche n. 5426 · ABI 03138) Italian banking licence (Bank of Italy) |
Strengths
- Early release is contractually provided for, which is rare: most Italian deposits rule it out entirely.
- The early-closure penalty is graded by year of exit, so the cost of leaving falls as maturity approaches.
- Entry from €5,000 in multiples of €1,000, with a €1m ceiling.
- No notable sovereignty advantage documented.
Weaknesses
- The reachable information sheet dates from September 2024 and gives no day: current terms must be requested from the bank.
- A settlement current account at Banca Reale is required, kept open for the whole term.
- Distribution runs mainly through the group's insurance agency network, not a purely online channel.
- The term cannot be shortened and partial early closure is not allowed: you exit all or nothing.
- 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: early release is contractually provided for, which is rare: most Italian deposits rule it out entirely. The trade-off to weigh: the reachable information sheet dates from September 2024 and gives no day: current terms must be requested from the bank.
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.
FAQ
Can I really exit before maturity?
Yes, and it is one of the few exceptions in the category. The information sheet provides for early release with access to the funds restored, net of an early-closure penalty varying with the year of exit. Partial early closure is not allowed, however: you release the whole deposit or nothing.
Can it be opened online?
The document we read is the version for the Reale Group agency channel and contains a section on off-premises offering, that is subscription through an intermediary in person. Since our register covers products that can be opened online, this is one of the reasons the entry stays without verified data.
Sources
- Official service page Struttura · Importi Data verified on Jul 27, 2026