The My Deposit information sheets published today in the Transparency section are seven, one per term and formula (from 6 months to 5 years, with interest at maturity or an annual coupon), all «Updated 10/2026»: recent, but with no day. They come in two identical sets, for branches and for Reale Group agencies, both with the off-premises offering section, and the product page refers to branches and agencies: no online subscription appears, so it remains doubtful whether the product falls within our perimeter. 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.
Data verified on unchanged since the sources
Worth it if you want a term deposit you can exit early, with a penalty that falls as maturity nears on the 5-year coupon version, and you enter from €5,000.
Avoid it if you don't want to open and keep a Banca Reale current account for the whole term, or you need a partial exit: here it's all or nothing.
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. Early release is provided for, for the whole amount only, on every term except 6 months, at a cost that depends on the formula: the 5-year annual-coupon version charges a penalty on the capital that falls with the year of exit, while the interest-at-maturity versions forfeit all or part of the interest. We keep it out of the rankings because the information sheets give only month and year and the product is opened at a branch or agency.
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
- Full early release is contractually provided for on every term from 12 months to 5 years.
- On the 5-year annual-coupon version the early-closure penalty is graded by year of exit and falls as maturity approaches.
- Entry from €5,000 in multiples of €1,000, with a €1m ceiling.
- No notable sovereignty advantage documented.
Weaknesses
- The information sheets show only «Updated 10/2026», with no day: there is no way to know from which day the terms apply.
- A settlement current account at Banca Reale is required, kept open for the whole term.
- It is opened at a branch or at the group's insurance agencies, not through a purely online channel.
- On the interest-at-maturity versions an early exit forfeits the interest: on the 12-month term, for example, the early-release rate is 0.00%.
- The term cannot be shortened and partial early closure is not allowed: you exit all or nothing, and on the 6-month term you cannot exit before maturity.
- 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: full early release is contractually provided for on every term from 12 months to 5 years. The trade-off to weigh: the information sheets show only «Updated 10/2026», with no day: there is no way to know from which day the terms apply.
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 Reale — My Deposit, 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
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App Store ↗
2.9/5
102 reviews
Below-average rating on the Italian App Store for "Banca Reale App". Trustpilot omitted (0 reviews).
Weighted average across 1 public review platform (102 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
Can I really exit before maturity?
Yes, on every term except 6 months, and only for the whole deposit: partial early closure is not allowed. The cost depends on the formula. On the 5-year annual-coupon version the bank returns the capital net of a penalty that varies with the year of exit. On the interest-at-maturity versions an «early-release rate» replaces the agreed rate: on the 12-month term it is 0.00%, meaning all interest is lost. In every case the money returns to the account 32 calendar days after the procedure starts, which the bank does within 3 working days of the request.
Can it be opened online?
The documents do not show it. Today's information sheets come in two identical sets, for branches and for Reale Group agencies, and both contain a section on off-premises offering, that is subscription through an intermediary in person; the product page refers to branches and agencies. 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 Nov 4, 2026