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Izola Saver

Save money around your lifestyle.

 

About Izola Saver

Izola Saver is a regulated online savings account that gives you the flexibility of depositing or withdrawing funds as needed, whilst earning interest on the balance of your account. You can manage your account by using our online banking platform.

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

Return

0.75% for Izola Saver clients in Malta.

The interest rate on your Izola Saver account is variable so it can be changed at any time at Izola Bank’s discretion.

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

Rates are correct as at 01.11.2020.

Interest Receivable

Interest is calculated on a 360-day basis on the daily outstanding balance on your Izola Saver account at the end of the day and is credited annually to your Izola Saver account on 31st December or on the day when the account is closed.

Fees

There are no fees or charges for opening or maintaining an Izola Saver account.

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.

Your Choice

Choose how much you want to save and how long for. There is no limit on the duration of your Izola Saver account.

Start Small

You can open an Izola Saver account with just €25.

Fully Flexible

You can withdraw your funds whenever you like, without incurring any fees.

Who Can Apply?

To be eligible to open an Izola Saver account you must be over 18 years of age and have a Principal Bank Account. A Principal Bank Account is an existing bank account held in your name with an established bank in Malta, Belgium or France, depending on your country of residency. Please note all applications are checked individually to ensure they meet Izola Bank’s eligibility criteria.

Please note the Izola Saver account is not available for corporate entities.

Easy to Manage

You can manage your Izola Saver account by using Izola Bank’s online banking platform.

Statement

You will receive an annual paper statement of your Izola Saver account after each year end which will list all transactions into or out of the account for the preceding 12-month period.

Secure

Izola Saver is designed so that you can only transfer money into or from your Principal Bank Account. Money cannot be moved to a different account at any time, ensuring extra peace of mind.

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.

You can open your account in minutes

We require some basic information about you, or you and your partner if you are opening a joint account. This includes information such as your name/s, address, identity card details and the IBAN number of the Principal Bank Account that you will link to your Izola Saver account.

If you are opening a joint Izola Saver account, you must link this online savings account to a Principal Bank Account that exists in both names.

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.

Return

0.75% for Izola Saver clients in Malta.

The interest rate on your Izola Saver account is variable so it can be changed at any time at Izola Bank’s discretion.

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

Rates are correct as at 01.11.2020.

Interest Receivable

Interest is calculated on a 360-day basis on the daily outstanding balance on your Izola Saver account at the end of the day and is credited annually to your Izola Saver account on 31st December or on the day when the account is closed.

Fees

There are no fees or charges for opening or maintaining an Izola Saver account.

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.

Your Choice

Choose how much you want to save and how long for. There is no limit on the duration of your Izola Saver account.

Start Small

You can open an Izola Saver account with just €25.

Fully Flexible

You can withdraw your funds whenever you like, without incurring any fees.

Who Can Apply?

To be eligible to open an Izola Saver account you must be over 18 years of age and have a Principal Bank Account. A Principal Bank Account is an existing bank account held in your name with an established bank in Malta, Belgium or France, depending on your country of residency. Please note all applications are checked individually to ensure they meet Izola Bank’s eligibility criteria.

Please note the Izola Saver account is not available for corporate entities.

Easy to Manage

You can manage your Izola Saver account by using Izola Bank’s online banking platform.

Statement

You will receive an annual paper statement of your Izola Saver account after each year end which will list all transactions into or out of the account for the preceding 12-month period.

Secure

Izola Saver is designed so that you can only transfer money into or from your Principal Bank Account. Money cannot be moved to a different account at any time, ensuring extra peace of mind.

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.

You can open your account in minutes

We require some basic information about you, or you and your partner if you are opening a joint account. This includes information such as your name/s, address, identity card details and the IBAN number of the Principal Bank Account that you will link to your Izola Saver account.

If you are opening a joint Izola Saver account, you must link this online savings account to a Principal Bank Account that exists in both names.

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 01.11.2020. Quoted rates are valid for deposits up to €200,000.00.

Your results

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

Open your Izola Saver account.

Have you read all the documentation and would like to proceed?

You can open your account in minutes. We require some basic information about you, or you and your partner if you are opening a joint account. This includes information such as your name/s, address, identity card details and the IBAN number of the Principal Bank Account that you will link to your Izola Saver account.

If you are opening a joint Izola Saver account, you must link this online savings account to a Principal Bank Account that exists in both names.

 

Looking for a fixed term deposit account?

Izola Saver+ could be the savings product you need.

Haven’t decided yet?


Don't worry. We appreciate you might need more time to consider whether this savings account is right for you. Please download our Izola Saver Guide for full information on 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.