Best savings accounts in Italy

Checked on 28 September 2026. 12 savings accounts, term deposits and money market funds from 11 providers accept someone resident in Italy. The three highest rates:

• bunq, Easy Savings at 3.01%, instant access, no minimum, deposit guarantee: Netherlands, up to €100,000.
• Trade Republic, Interest on cash at 3.00%, instant access, no minimum, deposit guarantee: Germany, up to €100,000.
• Scalable Capital, Interest on cash at 2.60%, instant access, no minimum, deposit guarantee: Germany, up to €100,000.

8 of the 12 are covered by a national deposit guarantee scheme. The best rate you can withdraw at any time is 3.01% at bunq, and the best fixed term is 2.50% at BluOr Bank. Rates are variable unless the entry says the term is fixed.

What to know if you live in Italy

Deposits are covered up to €100,000 per person per bank by the Fondo Interbancario di Tutela dei Depositi. For nine months after a house sale, the end of a job, retirement, a divorce or an insurance payout, that cap does not apply to the money in question (FITD).

Interest is taxed at 26% and an Italian bank withholds it for you (Banca d'Italia). Interest from a bank abroad received without an Italian intermediary is declared in quadro RM of the Redditi PF at the same rate. An account abroad also brings the IVAFE, €34.20 a year for a current account or savings book and 0.20% of the year-end value for other financial products, reported in quadro RW (Agenzia delle Entrate). Accounts whose highest value in the year stays under €10,000 are outside the monitoring duty.