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 the Izola Bank App or the Izola Bank Online.
Interested? We suggest you read the following information for a detailed product overview.
Return
1,6500% (Gross) & 1,1550% (Net) for Izola Saver clients in Belgium.
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.
Izola Saver has an indefinite duration.
Rates are correct as at 30.09.2026
Customers are notified by email of any upcoming interest rate changes.
What is a non-regulated savings account?
A non-regulated savings account is a savings account that does not fall under the regulations of a regulated savings account. It means that there is no obligation to split the interest rate in a base rate and a fidelity premium and the currency does not have to be necessarily in Euro. Interest is paid annually.
That also means, however, that the account is not exempt from withholding tax on the first €980 of interest. The applicable withholding tax is 30% and applies to the full amount of interest paid. Term deposit accounts also fall under the regulations of the ‘non-regulated savings account’.
Although these accounts are not regulated, they are still eligible under the Maltese Depositor Compensation Scheme up to a maximum of €100.000 per person.
Interest Receivable
Interest is calculated on a 365-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.
Withdrawals
You can withdraw funds from your Izola Saver Account only by transferring them to one of your linked Principal Bank Accounts held in your name. Funds cannot be transferred directly to another person or to an unlinked bank account.
A minimum balance of €25 must remain in your Izola Saver Account.
You can transfer funds to your Principal Bank Account by standard SEPA Credit Transfer or SEPA Instant. Standard SEPA transfers may take up to one business day, while SEPA Instant transfers are credited within a few seconds.
Izola Bank does not charge a fee for transferring funds to your Principal Bank Account. Interest is calculated on the daily closing balance of your Izola Saver Account. Withdrawing funds will therefore reduce the balance on which future interest is calculated and may reduce the total interest you earn.
Important: Funds transferred into your Izola Saver Account by SEPA Direct Debit cannot be withdrawn for nine weeks from the date of the transfer. This restriction applies only to the funds received through SEPA Direct Debit, not to other available funds in the account.
Fees
Taxation
As Izola Saver (online savings account) and Izola Saver+ (term deposit accounts) are non-regulated, interest is paid to you as gross (without tax being deducted). Please note non-regulated savings account interests are subject to a 30% tax rate.
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.
Izola Bank accepts deposits exclusively in euros. While no maximum deposit limit is imposed, customers who intend to deposit amounts exceeding €100,000 are advised to consult the “Risks & Guarantees” section below prior to proceeding.
Fully Flexible
You can opt to send your transfer instruction via SEPA Instant, the funds will be credited to your Principal Account within a few seconds.
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 account by using the Izola Bank App or the Izola Bank Online.
Izola Bank App
The Izola Bank 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.
Statement
You will receive an annual 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. We also provide a Verification of Payee feature that checks whether the beneficiary name matches the account details of the payee before a payment is executed.
Risks & Guarantees
Liquidity risk:
Izola Bank plc is a Bank licensed in Malta. Your savings and/or term accounts are protected up to €100.000 euros per saver by Malta Depositor Compensation Scheme. Savings above an amount of €100.000 euros are not protected and are therefore at risk in the unlikely event of bankruptcy. Such amounts exceeding €100.000 euros may be lost in whole or in part or converted into shares (bail-in) as decided by the regulator.
Inflation risk:
Due to the continuous increase in prices, your saved money may lose its purchasing power over time if inflation rates are in excess of the net interest rate earned. This risk is a general macroeconomic risk and not particularly associated with Izola Bank plc.
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.
The Bank is participant in the Depositor Compensation Scheme as established in terms of the Depositor Compensation Scheme Regulations (Legal Notice 383 of 2015) as amended. Subject to the conditions imposed by the Scheme, balances on accounts denominated in Euro or in any other currency of an EEA State held with the Bank are guaranteed up to a maximum of EUR 100,000 or its equivalent in any other EEA currency per person. 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
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?
Important
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.
Rates are correct as at 30.09.2026.
These results are calculated using annual interest rates and are displayed in gross amounts. Important:The interest amount shown is an estimate only and assumes that the Principal Amount entered is held for a full calendar year with no deposits or withdrawals. Actual interest earned may be higher or lower, depending on account activity and applicable interest rates.
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.
No key information document is available or required by law for this type of account.
Haven’t decided yet?
Still have questions? We have the answers.
If you’re still unsure or you’d like further information, please visit our to find the answers to your questions.