Best Savings Accounts in Italy
Investing in Savings Accounts is a key strategy for Italy residents looking to protect their savings. Currently, the European Central Bank (ECB) maintains the €STR rate at a level that significantly impacts many fixed-income products across the eurozone.
With an annual inflation rate of approximately 1.2% in Italy, finding yields that provide a positive real return after taxes of 26.0% is crucial for maintaining your long-term purchasing power.
Savings Accounts Yields in Italy
| Type | Institution / Product | Gross Yield | After Tax | Real Yield | Status | Details |
|---|---|---|---|---|---|---|
| Savings Accounts | Bunq Easy Savings (Weekly)IT | 2.19% | 1.62% | +0.42% | Beats Inflation | Weekly compound, higher balances get 2.26%, base 1.51% |
| Savings Accounts | Trading 212 Flexible SavingsIT | 2.14% | 1.58% | +0.38% | Beats Inflation | UK fintech, investor protection ~€20k, instant access |
| Savings Accounts | Trade Republic Cash AccountIT | 1.96% | 1.45% | +0.25% | Beats Inflation | Instant access, tracks ECB rate, up to €50k |
| Savings Accounts | N26 Savings AccountIT | 1.94% | 1.43% | +0.23% | Beats Inflation | Metal plan only (€16.90/mo), instant access |
| Savings Accounts | N26 Metal SavingsIT | 1.94% | 1.43% | +0.23% | Beats Inflation | Requires Metal plan (€16.90/mo), instant access, ECB-linked |
| Savings Accounts | Lightyear Cash AccountIT | 1.84% | 1.37% | +0.17% | Beats Inflation | Estonian broker, monthly interest, no limit |
| Savings Accounts | Revolut Savings VaultEU | 1.79% | 1.32% | +0.12% | Beats Inflation | Premium/Metal plans, instant access, up to €100k |
| Savings Accounts | Bunq EasyBank SavingsIT | 1.50% | 1.11% | -0.09% | Loses to Inflation | Instant access, Dutch deposit guarantee, monthly interest |