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Izola Bank p.l.c is licensed to undertake the business of banking in terms of the Banking Act (Cap 371 of the Laws of Malta) and is regulated by the MFSA (Malta Financial Services Authority). The Bank is participant in the Depositor Compensation Scheme in Malta. Rates are quoted gross of tax on a per annum basis. Before opening an Izola Saver+ Term Deposit Account you first need to open an Izola Saver account which can be opened with a minimum of €25. Terms and conditions apply.

About Izola Saver+

Izola Saver+ is a term deposit account with a fixed interest rate. You can open Izola Saver+ term deposit accounts for periods ranging from 3 to 9 months and 1 year up to 10 years. You can choose whether to have your interest paid quarterly, six monthly or annually.

Izola Saver+ clients must open an Izola Saver account first.

Interested? We suggest you read the following information for a detailed product overview.

Fixed Return

You know your return from the very beginning: the interest rate is set in advance and does not vary. If the market interest rates increase or decrease you will still receive interest payments according to the interest rate defined when you opened your Izola Saver+ account.

The below interest rates are applicable for residents of Malta.

Duration Interest Rate
3 months 3.60%
6 months 3.65%
9 months 3.65%
1 year 3.75%
2 years 3.40%
3 years 3.00%
4 years 2.85%
5 years 2.50%
7 years 2.60%
10 years 2.75%
 

Rates are quoted gross of tax and are correct as at 01.03.2024

Want to check how much you can earn? Try our Savings Calculator.

Customers are notified by email of any upcoming interest rate changes.

Fixed Term

Izola Saver+ is a term deposit account whereby your funds are locked up for a set period of time. No deposits or withdrawals are allowed from the account for the duration of the term.

Your Choice 

Choose how much you want to set aside to place in your Izola Saver+ term deposit account. Just ensure you won’t need access to these funds for the duration of the term. You can open Izola saver+ term deposit accounts for periods ranging from 3 to 9 months and 1 year up to 10 years.

Start Small

You can open an Izola Saver+ account with just €500.

Who Can Apply?

To open an Izola Saver+ account you first need to open an Izola Saver account.

You can manage your account by using the Izola Saver Mobile App or the online banking platform. You can open more than one Izola Saver+ account.

Izola Saver+ accounts are not available for corporate entities.

Fees

There are no fees or charges for opening or maintaining an Izola Saver+ account. However, we will charge early payment fees, should you wish to close your Izola Saver+ account before the end of the term. Please view our Terms and Conditions to find out more about this.

Renewal

It is possible to renew your Izola Saver+ account upon maturity.

Interest Receivable

Interest from your Izola Saver+ account is paid directly to your Izola Saver account quarterly, half yearly or annually. You can select when you want to receive your payments during the application process.

Interest is calculated on a 360-day basis on the balance of your Izola Saver+ account and credited to your Izola Saver account depending on the interest payment frequency defined when you completed the account opening form.

Taxation

Interest is paid gross (without tax being deducted). Residents of Malta can opt to have the withholding tax deducted from the interest earned on the account, by choosing this option during the application process.

Easy to Manage

You can manage your account by using the Izola Saver Mobile App or the online banking platform.

Izola Saver Mobile App

The Izola Saver Mobile App gives you the flexiblity of managing your savings on the move. You can view account balances, transfer funds into and out of your Principal Bank Account and you can open as many Izola Saver term deposit accounts as you like.

Statement

You can view your Izola Saver+ accounts from the “Account Overview” screen through the online banking platform.

Secure

You can only open an Izola Saver+ account by transferring money from your main Izola Saver account.

Risks & Guarantees

Izola Bank is based in Malta and is licensed by the Malta Financial Services Authority (MFSA) to carry out the business of banking in terms of the Banking Act, 1994 (Chapter 371, Laws of Malta).

The Malta Financial Services Authority (MFSA) is the single regulator for financial services activities in Malta. It regulates and supervises credit and financial institutions, investment, trust and insurance business and also houses the country's Companies Registry. 

Izola Bank is participant in the Depositor Compensation Scheme in Malta. The Scheme offers protection of up to €100,000 as per provisions under Subsidiary Legislation 371.09, 44. Any funds in excess of €100,000 are not covered by the Depositor Compensation Scheme. In the event of bankruptcy, you run the risk of losing any deposits you have over €100,000.

 

All Izola Bank's and your rights and obligations shall be subject to Maltese law. The Courts of Malta shall have exclusive jurisdiction over all claims or disputes arising in the event of litigation. 

You can open your account in minutes

In order to open an Izola Saver+ account, you must first open an Izola Saver account with us.

If you're already an Izola Saver client, simply login to the online banking platform or your Izola Saver Mobile App. 

Not Satisfied?

Complaints may be sent to by regular post or by email via our Help Centre. We will try and resolve your complaint as soon as possible and we shall employ our best efforts to provide a reply to all complaints within a maximum period of two working days.

In the event you are not satisfied with our reply you may refer the matter to the Arbiter for Financial Services by writing to:

Office of the Arbiter for Financial Services,
First Floor, St Calcedonius Square,
Floriana, FRN5130,
Malta

Or by visiting the Arbiter for Financial Services website.

Important 

Please download our guide for full information on Izola Saver and Izola Saver+ before opening your account. This includes product information, the account terms and conditions and also information on the Depositor Compensation Scheme.

Fixed Return

You know your return from the very beginning: the interest rate is set in advance and does not vary. If the market interest rates increase or decrease you will still receive interest payments according to the interest rate defined when you opened your Izola Saver+ account.

The below interest rates are applicable for residents of Malta.

Duration Interest Rate
3 months 3.60%
6 months 3.65%
9 months 3.65%
1 year 3.75%
2 years 3.40%
3 years 3.00%
4 years 2.85%
5 years 2.50%
7 years 2.60%
10 years 2.75%

Rates are quoted gross of tax and are correct as at 01.03.2024

Want to check how much you can earn? Try our Savings Calculator.

Customers are notified by email of any upcoming interest rate changes. 

Fixed Term

Izola Saver+ is a term deposit account whereby your funds are locked up for a set period of time. No deposits or withdrawals are allowed from the account for the duration of the term.

Your Choice 

Choose how much you want to set aside to place in your Izola Saver+ term deposit account. Just ensure you won’t need access to these funds for the duration of the term. You can open Izola saver+ term deposit accounts for periods ranging from 3 to 9 months and 1 year up to 10 years.

Start Small

You can open an Izola Saver+ account with just €500.

Who Can Apply?

To open an Izola Saver+ account you first need to open an Izola Saver account.

You can manage your account by using the Izola Saver Mobile App or the online banking platform. You can open more than one Izola Saver+ account. 

Izola Saver+ accounts are not available for corporate entities.

Fees

There are no fees or charges for opening or maintaining an Izola Saver+ account. However, we will charge early payment fees, should you wish to close your Izola Saver+ account before the end of the term. Please view our Terms and Conditions to find out more about this.

Renewal

It is possible to renew your Izola Saver+ account upon maturity.

Interest Receivable

Interest from your Izola Saver + account is paid directly to your Izola Saver account quarterly, half yearly or annually. You can select when you want to receive your payments during the application process.

Interest is calculated on a 360-day basis on the balance of your Izola Saver+ account and credited to your Izola Saver account depending on the interest payment frequency defined when you completed the account opening form.

Taxation

Interest is paid gross (without tax being deducted). Residents of Malta can opt to have the withholding tax deducted from the interest earned on the account, by choosing this option during the application process.

Statement

You can view your Izola Saver+ accounts from the “Account Overview” screen through the online banking platform.

Easy to Manage

You can open an Izola Saver+ account by using Izola Bank’s online banking platform or the Izola Saver Mobile App.

Izola Saver Mobile App

The Izola Saver Mobile App gives you the flexibility of managing your savings on the move. You can view account balances, transfer funds into and out of your Principal Bank Account and you can open as many Izola Saver+ term deposit accounts as you like.

Secure

You can only open an Izola Saver+ account by transferring money from your main Izola Saver account.

Risks & Guarantees

Izola Bank is based in Malta and is licensed by the Malta Financial Services Authority (MFSA) to carry out the business of banking in terms of the Banking Act, 1994 (Chapter 371, Laws of Malta).

The Malta Financial Services Authority (MFSA) is the single regulator for financial services activities in Malta. It regulates and supervises credit and financial institutions, investment, trust and insurance business and also houses the country's Companies Registry. 

Izola Bank is participant in the Depositor Compensation Scheme in Malta. The Scheme offers protection of up to €100,000 as per provisions under Subsidiary Legislation 371.09, 44. Any funds in excess of €100,000 are not covered by the Depositor Compensation Scheme. In the event of bankruptcy, you run the risk of losing any deposits you have over €100,000.

 

All Izola Bank's and your rights and obligations shall be subject to Maltese law. The Courts of Malta shall have exclusive jurisdiction over all claims or disputes arising in the event of litigation. 

You can open your account in minutes

In order to open an Izola Saver+ account, you must first open an Izola Saver account with us.

If you're already an Izola Saver client, simply login to the online banking platform or the Izola Saver Mobile App.

Not Satisfied?

Complaints may be sent to by regular post or by email via our Help Centre. We will try and resolve your complaint as soon as possible and we shall employ our best efforts to provide a reply to all complaints within a maximum period of two working days.

In the event you are not satisfied with our reply you may refer the matter to the Arbiter for Financial Services by writing to:

Office of the Arbiter for Financial Services,
First Floor, St Calcedonius Square,
Floriana, FRN5130,
Malta

Or by visiting the  Arbiter for Financial Services website.

Important 

Please download our guide for full information on Izola Saver and Izola Saver+ before opening your account. This includes product information, the account terms and conditions and also information on the Depositor Compensation Scheme.

This is how your money can make more money.

Have a look at the interest you can obtain with an Izola Saver+ account.

Please enter your details below, then press the Calculate button.

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  • Important! Negative amounts are not allowed.
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Rates are correct as 09.02.2024. Quoted rates are valid for deposits up to €200,000.00. This product is targeted to small retail investors who would normally not deposit above this amount. Any deposit above this amount will attract an interest rate negotiated directly with customer.

These results are based on the Gross Interest Rates.

Your results

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€{{vm.total_interest | number:2}}
Total Capital and Interest €{{vm.total_capital_and_interest | number:2}}
CALCULATE AGAIN

What’s next?

In order to open an Izola Saver+ account, you must first open an Izola Saver account with us.

If you’re already an Izola Saver client, simply login to the online banking platform or your Izola Saver Mobile App.

Rate Match Guarantee for 2024

During 2024, Izola Saver customers can enjoy a rate match guarantee. If, at the time of opening a term deposit, an existing customer finds a better publicly advertised interest rate for a similar term deposit, we’ll match it!

We invite you to view the Terms and Conditions for further information.

Get in Touch

Haven’t decided yet?


Don't worry. We appreciate you might need time to consider which Izola Saver+ account is best for you. Please download our guide for full information on Izola Saver and Izola Saver+ before opening your account. This includes product information, the account terms and conditions and also information on the Depositor Compensation Scheme.
 

Still have questions? We have the answers.

If you’re still unsure or you’d like further information, please visit our help centre to find the answers to your questions.

Home Sweet Loans

Unlock your dream home with Izola Bank
  • Financing for up to 90% of the value of your new home.

  • Choose a Fixed or Variable Interest Rate, depending on your financial needs.

  • Enjoy up to 100% refinancing of your existing home loan, so long as the total loan amount does not exceed 90% of the market value of your property.

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