Banca Ifis — Rendimax Conto Deposito
Banca Ifis S.p.A.
tax and stamp duty take 31%
Data verified on last change 3,50% → 4,00% the sources
Worth it if you lock away money you won't need for 12 months: 4.00% gross is the top rate on the price list, with zero opening, keeping, and closing costs.
Avoid it if you might need the money before maturity: the fact sheet rules out any early withdrawal, «not even partial».
Rendimax Conto Deposito is Banca Ifis's online savings account, split into three lines within the same relationship: Libero (0.25% gross, always available), Like (1.25% gross, with 33 days' notice to get the money back) and Vincolato — the line that makes it worth opening. The fixed-term line reaches 4.00% gross per year at 12 months with interest paid at maturity, or 3.85% with interest paid upfront at opening; on longer terms it pays 3.50% at 24 and 36 months and 3.75% at 48 and 60 months. No current account at another bank is needed: transfers run through the Predefined Accounts the customer registers. Opening, activating and closing a term cost nothing, there is no account fee, and deposits are covered by the Italian deposit guarantee scheme up to €100,000. But the lock-up is a real one: nothing can be touched before maturity.
Data & conditions
| Max gross rate | 4% |
|---|---|
| Max net rate | 2.76% — tax and stamp duty take 31% |
| Account type | Fixed term |
| Available terms | 6m · 9m · 12m · 18m · 24m · 36m · 48m · 60m — up to 4% gross |
| Early withdrawal | No |
| What early withdrawal costs | No early withdrawal at all: the information sheet rules out access to the funds — «not even partial» — before maturity, and forbids closing the deposit or changing its term. |
| Accrued interest forfeited | No |
| 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 at each statement period |
| Deposit amount | €1,000 – €3,000,000 |
| Deposit guarantee | EU guarantee €100,000 |
| Automatic rollover | No |
| Requires a linked current account | No |
| Joint account | Yes |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Specialist bank (NPLs, factoring, leasing) · retail limited to the Rendimax brand · listed (IF) |
| MiCA / License status | Licenza bancaria (Albo Banche n. 5508 · ABI 03205) Italian banking licence (Bank of Italy) |
Strengths
- 4.00% gross (2.76% net) as early as 12 months: the top rate on the price list sits on a short term, and 48 and 60 months still pay 3.75%.
- No friction costs: opening, account fee, and activating or closing a term are all zero, and no current account with the bank is required.
- Low entry threshold (€1,000) and high ceiling (€3m), with up to 20 separate terms running in parallel to stagger maturities.
- No notable sovereignty advantage documented.
Weaknesses
- Rigid lock-up: the information sheet rules out any early access — «not even partial» — and forbids closing the deposit before maturity. Anyone who might need the money must stay on the Libero line at 0.25%, which nets less than zero after stamp duty.
- The 0.2% stamp duty is taken at the end of every statement period — quarterly unless another frequency is chosen — and charged to the Libero line, which must therefore be kept funded.
- 4.00% gross becomes 2.76% net: withholding tax and stamp duty take almost a third of the advertised return.
- 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 3.9/5, solid profile. In its favour: 4.00% gross (2.76% net) as early as 12 months: the top rate on the price list sits on a short term, and 48 and 60 months still pay 3.75%. The trade-off to weigh: rigid lock-up: the information sheet rules out any early access — «not even partial» — and forbids closing the deposit before maturity. Anyone who might need the money must stay on the Libero line at 0.25%, which nets less than zero after stamp duty.
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 Ifis — Rendimax Conto Deposito, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
Notable incidentsDocumented events with consequences still open. Each entry carries a source and a date.
-
Regulatory action Moderate ● open
Bank of Italy inspection with a partially unfavourable assessment and two sanctioning proceedings opened
The Bank of Italy delivered the report of its January–June 2026 inspection, with a partially unfavourable assessment. Findings cover AML, ICT risk, securitisations, credit processes and governance: the supervisor found the Board was not adequately overseeing strategic decisions on risk. Implementing the findings means up to €215m of adjustments (€157m on the acquired NPL portfolio, €58m on loans; €45m already booked in June 2026) and €200m of reclassifications. The supervisor asked the bank to review its Board composition and to pay dividends only with a buffer of at least 100bp above requirements. It also opened a procedure on additional capital requirements (90 days at most) and two sanctioning proceedings, giving the bank 45 days to file its defence. No fine has been imposed yet.
↗ source
verified on
Public reviews
-
Google Play ↗
2.0/5
181 reviews
'Rendimax' Android app (it.cedacri.achille.ifis.rendimax). JSON-LD aggregateRating: 2.04 over 181 ratings, matching the visible '181 reviews' label (171 on 2026-08-12). It measures the whole app, deposit plus current account.
-
Trustpilot ↗
2.2/5
64 reviews
'rendimax' profile (rendimax.it domain), unclaimed. Trustpilot warns the company does not invite customers to review, so the sample may not be representative. 53% of reviews are 1-star.
-
App Store ↗
4.2/5
61 reviews
'Rendimax' app (Banca IFIS S.p.A., id 6736905767). The lookup API returns averageUserRating 4.19672 over 61 ratings. The app serves both the Rendimax deposit account and the current account.
Weighted average across 3 public review platforms (306 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
What does Rendimax's 4.00% actually pay?
4.00% is the gross rate of the 12-month fixed term with interest at maturity. A 26% withholding tax applies to it and, separately, a 0.2% annual stamp duty calculated on the balance. The net result is 2.76% per year. The gap does not depend on how much you deposit: stamp duty is a percentage of the balance, so it is subtracted in percentage points and does not change with the amount.
Can I withdraw before the term ends?
No. The 8 October 2026 information sheet is explicit: the customer cannot obtain access to the funds — «not even partial» — before the agreed maturity, nor close the fixed-term deposit or change its duration. There is no penalty because there is no option at all. Anyone who wants to be able to get the money back must use the Like line, with 33 days' notice, which pays 1.25% gross.
Do I need a current account with Banca Ifis?
No. Funds move in and out through Predefined Accounts — payment accounts held by the customer at other Italian banks, registered when the account is opened. The Rendimax current account exists as a separate product but is not a condition for opening the deposit account.
Is upfront or at-maturity interest payment better?
It depends on when you need the money, not on how much it pays. With payment at maturity the rate is higher on every term (4.00% vs 3.85% at 12 months, 3.75% vs 3.40% at 60 months) but interest arrives quarterly until maturity. With upfront payment the entire interest is credited on the opening day, against a lower rate.
Is the money guaranteed?
Banca Ifis belongs to the Italian Interbank Deposit Protection Fund, which covers up to €100,000 per depositor. Above that threshold the excess is unprotected and, in a banking crisis, falls within the scope of bail-in under the BRRD directive. From 7 December 2026, with illimity Bank merging into Banca Ifis, the limit applies to the combined deposits at the two banks: anyone who also holds an illimity account must count them together.
Sources
- Official service page Tassi · Importi · Svincolo · Bollo · +1 Data verified on Nov 4, 2026
Update history
- tasso_lordo_max_pct 3,50% → 4,00% Information sheet of 8/10/2026: the at-maturity fixed term at 12 months rises from 3.00% to 4.00%, at 9 months from 2.75% to 3.00%, at 48 and 60 months from 3.50% to 3.75%. 6, 18, 24 and 36 months unchanged.