Notice Account: Our offers at a glance

EUR
Interest rate
Duration
Bank
Country
Interest income
2.00 % pa
31 Days Withholding of capital gains tax, solidarity surcharge and, if applicable, church tax Simplified tax handling
Finora Bank Logo
Latvia (A) ? The Standard & Poor's Country Rating is an assessment of a country's creditworthiness. It is based on an analysis of institutional effectiveness, governance, economic structure, growth prospects, external finance, and fiscal and monetary flexibility.
in EUR
+ 1,014 € ? Depending on the offer and the calculation method used by the bank, the calculated interest income may differ from the actual interest income.
×
Interest
Nominal interest rate 2.00% p.a.
Effective interest rate 2.00% p.a.
Compound interest No
Availability Fully available at any time. Principal and interest are paid out within 31 days.
Interest credit At the end of the term
Interest rate changes The interest rate may change at any time. We will inform you in advance.
Investment
Deposit protection Up to €100,000 per customer and per bank – payout in EUR
Currency EUR
Minimum/maximum deposit €1.00 – €100,000.00
Special conditions Partial deposits and withdrawals are not possible. Only the full investment amount can be terminated.
Withholding tax In Latvia, a withholding tax of 25.5% applies to interest payments starting January 1, 2025. This can be reduced to 10% if a certificate of residence is submitted at least eight weeks before maturity. The reduced tax can be fully credited against capital gains tax in Germany.
Documents to be submitted To open an account, simply place an electronic order in online banking.
Product information sheet
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BluOr Bank AS

BluOr Bank AS is a Latvian bank headquartered in Riga. It was founded in 2001 by BBG AS Holding, owned by four Latvian entrepreneurs. Originally serving only companies involved in international trade or holding activities, BluOr Bank has since evolved into a full-service credit institution offering services to private clients as well.

About the country

Latvia, located in the heart of the Baltic States, has been an independent parliamentary democracy since 1991, a member of the European Union since 2004, and part of the Eurozone since 2014. Latvia is known for its strong business climate, reflected in its dynamic startup scene—especially in Riga. The economy is stable, and the national debt is low at 37.9% of GDP (as of 2016), making it one of the lowest in Europe. Culturally, Latvia is shaped by Northern European influences, Hanseatic architecture, and a rich musical folklore tradition.

Additional bank information
Year of foundation 2001
Place of foundation Riga
Sales focus Investment banking, private banking, corporate banking, business loans, deposit business, foreign exchange, safe deposit boxes, asset management
Countries in which the bank has branches Latvia, Estonia, Lithuania
Total capital ratio 14.87%
Total capital ratio specified by the supervisory authority 8.00%
Most recent return on equity 20.85%
Average return on equity over the last 3 years 9.47%
Listed on the stock exchange No
Parent company shares in the bank 100.00%
Country of deposit insurance Latvia
Amount of statutory deposit protection €100,000.00
Country rating Moody's: A3, S&P: A, Fitch: A-, DBRS: A
* As of: December 10, 2024 – The data is provided by our partner FMH-Finanzberatung e.K. for private use. Raisin SE assumes no liability for the timeliness, accuracy, or completeness of the information. FMH-Finanzberatung specializes in interest rate and financial product data, collecting and preparing it for consumers, banks, and media since 1986.
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Security of your deposits

Deposits, including accrued interest, are legally protected up to an amount of €100,000 per customer and per bank by the Latvian Deposit Guarantee Fund. Within the European Union, the minimum requirements for deposit protection are harmonized by Directives 94/19/EC, 2009/14/EC, and 2014/49/EU. Please note that this protection applies to a customer’s total deposits at a single bank. This is important if you hold other deposits with the same bank in addition to those brokered through WeltSparen.

2.00 % pa
34 Days No withholding tax is payable No withholding tax
Finora Bank Logo
Italy (BBB+) ? The Standard & Poor's Country Rating is an assessment of a country's creditworthiness. It is based on an analysis of institutional effectiveness, governance, economic structure, growth prospects, external finance, and fiscal and monetary flexibility.
in EUR
+ 1,014 € ? Depending on the offer and the calculation method used by the bank, the calculated interest income may differ from the actual interest income.
×
Investment
Deposit protection Up to €100,000 per customer and per bank – payout in EUR
Currency EUR
Minimum/maximum deposit €10,000.00 – €100,000.00
Special conditions Partial deposits and withdrawals are not possible. Only the full investment amount can be terminated.
Withholding tax For private customers: capital gains tax and, if applicable, church tax apply. A tax exemption order can be submitted. The form "Freistellungsauftrag" will be available in your online banking after account opening. All earnings must be declared in your tax return.
Documents to be submitted To open an account, simply place an electronic order in online banking.
Product information sheet
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Südtiroler Sparkasse – Cassa di Risparmio di Bolzano

The Südtiroler Sparkasse – Cassa di Risparmio di Bolzano is the largest credit institution in South Tyrol, Italy. Founded in 1854, the bank is considered independent. Headquartered in Bolzano, the bank operates more than 100 branches, primarily in South Tyrol, the neighboring province of Trentino, and the northeastern region of Veneto. It also has an EU branch in Munich. The network is supported by advisory centers in major economic hubs of Northern Italy such as Milan, Verona, Padua, and Venice-Mestre. In its daily operations, the bank focuses on financing solutions for private customers, small and medium-sized enterprises (SMEs), and public administration. In addition to traditional banking, it also offers corporate finance services and—through partnerships—wealth management and insurance products.

About the country

Italy is a republic in Southern Europe and one of the world’s largest economies. It is considered a highly developed country according to the Human Development Index. Italy is a founding member of the European Union and has used the euro as its official currency since 2002. Germany is Italy’s most important trading partner for both exports and imports.

Additional bank information
Year of foundation 1854
Place of foundation Bolzano
Number of branches 107
Sales focus Retail banking, corporate banking, deposit business, securities trading, consumer loans, business loans, private real estate financing, insurance, leasing, factoring
Countries in which the bank has branches Italy, Germany, Monaco
Total capital ratio required by the supervisory authority 8.00%
Average return on equity over the last 3 years 9.22%
Listed on the stock exchange No
Country of deposit insurance Italy
Amount of statutory deposit protection €100,000.00
Country rating Moody's: Baa3, S&P: BBB, Fitch: BBB, DBRS: BBB high
* As of: April 14, 2025 – The data is provided by our partner FMH-Finanzberatung e.K. for private use. Raisin SE assumes no liability for the timeliness, accuracy, or completeness of the information. FMH-Finanzberatung specializes in interest rate and financial product data and has been collecting financial data in Germany since 1986 for consumers, banks, and editorial teams.
×

Security of your deposits

Deposits, including accrued interest, are legally protected up to an amount of €100,000 per customer and per bank by the Italian Deposit Guarantee Fund. Within the European Union, the minimum requirements for deposit protection are harmonized across all member states through Directives 94/19/EC, 2009/14/EC, and 2014/49/EU. Please note that this protection applies to a customer’s total deposits at a single bank. This is relevant if you have other deposits with the same bank in addition to those brokered via WeltSparen.

1.50 % pa
31 Days No withholding tax is payable No withholding tax
Italy (BBB+) ? The Standard & Poor's Country Rating is an assessment of a country's creditworthiness. It is based on an analysis of institutional effectiveness, governance, economic structure, growth prospects, external finance, and fiscal and monetary flexibility.
in EUR
+ 760 € ? Depending on the offer and the calculation method used by the bank, the calculated interest income may differ from the actual interest income.
×
Interest
Nominal interest rate 1.50% p.a.
Effective interest rate 1.50% p.a.
Compound interest Yes
Availability Fully available at any time. Principal and interest are paid out within 31 days.
Interest credit Annually
Interest rate changes The interest rate may change at any time. We will inform you in advance.
Product information sheet
×

CiviBank (Banca di Cividale)

Founded in 1886, Banca di Cividale (CiviBank) is an independent cooperative bank based in Cividale del Friuli, a town in the Italian province of Udine. The bank operates more than 60 branches in northeastern Italy, where it holds the position of a trusted regional bank. CiviBank offers traditional banking products, financing solutions, and insurance services for individuals, families, and businesses. The bank is also committed to supporting sustainable development and environmental projects. It actively fosters local cultural, social, and sports initiatives through its proprietary crowdfunding platform.

About the country

Italy is a republic in Southern Europe, ranks among the largest economies in the world, and is classified as a highly developed nation according to the Human Development Index. A founding member of the European Union, Italy adopted the euro as its official currency in 2002. Germany is Italy’s most important trading partner for both imports and exports.

Additional bank information
Year of foundation 1886
Place of foundation Cividale del Friuli
Number of employees 532
Sales focus Retail banking, corporate banking, deposit business, factoring, agriculture, leasing, business loans, consumer loans, insurance, payment solutions, private and commercial real estate financing
Countries in which the bank has branches Italy
Total capital ratio 16.20%
Total capital ratio specified by the supervisory authority 8.00%
Most recent return on equity 3.70%
Average return on equity over the last 3 years -0.60%
Listed on the stock exchange No
Parent company shares in the bank 79.10%
Country of deposit insurance Italy
Amount of statutory deposit protection €100,000.00
Country rating Moody's: Baa3, S&P: BBB, Fitch: BBB, DBRS: BBB high
* As of: December 13, 2024 – The data is provided by our partner FMH-Finanzberatung e.K. for private use. Raisin SE assumes no liability for the timeliness, accuracy, or completeness of the information. FMH-Finanzberatung specializes in interest and financial product data and has been collecting financial data in Germany since 1986.
×

Security of your deposits

Deposits, including accrued interest, are legally protected up to an amount of €100,000 per customer and per bank by the Italian Deposit Guarantee Fund. Within the European Union, minimum requirements are harmonized across all member states by Directives 94/19/EC, 2009/14/EC, and 2014/49/EU. Please note that this protection applies to a customer’s total deposits with a single bank, including those not arranged through WeltSparen.

0.05 % pa
31 Days No withholding tax is payable No withholding tax
Italy (BBB+) ? The Standard & Poor's Country Rating is an assessment of a country's creditworthiness. It is based on an analysis of institutional effectiveness, governance, economic structure, growth prospects, external finance, and fiscal and monetary flexibility.
in EUR
+ 25 € ? Depending on the offer and the calculation method used by the bank, the calculated interest income may differ from the actual interest income.
×
Interest
Nominal interest rate 0.05% p.a.
Effective interest rate 0.05% p.a.
Compound interest Yes
Availability Fully available at any time. Principal and interest are paid out within 31 days.
Interest credit Annually
Interest rate changes The interest rate may change at any time. We will inform you in advance.
Product information sheet
×

illimity S.p.A.

illimity S.p.A. was founded in 2018 by Italian manager and politician Corrado Passera. This high-tech banking group was established to meet specific market needs through an innovative and specialized business model. The bank’s mission is to recognize and develop the potential of individuals, families, and companies through a blend of technological and human expertise. illimity primarily provides loans to high-potential small and medium-sized enterprises (SMEs) and acquires distressed corporate loans, which it manages through its proprietary platform neprix. Additionally, through illimity SGR, the group develops and manages alternative investment funds and handles UTP loans. Since March 2019, illimity S.p.A. has been listed on the Italian stock exchange.

About the country

Italy is a republic in Southern Europe and one of the world’s largest economies. It is considered a highly developed country according to the Human Development Index. A founding member of the European Union, Italy adopted the euro as its official currency in 2002. Germany is Italy’s most important trading partner for both exports and imports.

Additional bank information
Year of foundation 2019
Place of foundation Milan
Number of employees 542
Number of branches 1
Sales focus Factoring, corporate banking, investment and brokerage services, business loans, asset management
Countries in which the bank has branches Italy
Total capital ratio 19.38%
Total capital ratio required by the supervisory authority 8.00%
Listed on the stock exchange Yes
Market capitalization €277 million
Bank rating Moody's: Baa3, Fitch: BB-
Parent company shares in the bank 10.00%
Country of deposit insurance Italy
Amount of statutory deposit protection €100,000.00
Country rating Moody's: Baa3, S&P: BBB, Fitch: BBB, DBRS: BBB high
* As of: December 18, 2024 – The data is provided by our partner FMH-Finanzberatung e.K. for private use. Raisin SE assumes no liability for the timeliness, accuracy, or completeness of the information. FMH-Finanzberatung specializes in interest and financial product data and has been collecting financial data in Germany since 1986.
×

Security of your deposits

Deposits, including accrued interest, are legally protected up to an amount of €100,000 per customer and per bank by the Italian Deposit Guarantee Fund. Within the European Union, the minimum requirements for deposit protection are harmonized across all member states through Directives 94/19/EC, 2009/14/EC, and 2014/49/EU. Please note that this protection applies to a customer’s total deposits with a single bank. This is relevant if you have other deposits with the same bank in addition to those brokered via WeltSparen.

The most important thing in brief

  • How it works: Notice accounts are fixed deposits with a pre-agreed notice period. After giving notice and waiting out the period, the full amount including interest is paid out.
  • Interest income: Notice accounts typically offer slightly higher interest rates than overnight accounts. Some offers even pay interest during the term, allowing savers to benefit from compound interest.
  • Notice period: The notice period must be agreed upon in advance and can range from 5 to 366 days. During this time, no access to funds is possible until the notice period ends.

What Is a Notice Account?

A notice account is a type of term deposit without a fixed end date. Unlike fixed-term deposits, notice accounts do not have a predefined maturity. Instead, a notice period is contractually agreed upon between the bank and the account holder, typically ranging from 5 to 366 days. Once notice is given and the period has elapsed, the invested capital along with interest is paid out to the saver.

Similar to fixed-term deposits, funds in a notice account are not accessible until the end of the notice period. After that, the investor may choose to reinvest the amount in another savings product, such as a fixed-term deposit, overnight money, or ETFs. Alternatively, the payout including earned interest can be placed in a new notice account.

What Is the Difference Between Notice Accounts and Overnight Accounts?

The key difference lies in interest rates and accessibility. Notice accounts typically offer higher interest rates than overnight accounts but require a notice period between 5 and 366 days before funds can be withdrawn. Partial deposits or withdrawals are generally not allowed. At the end of the notice period, the full investment plus interest is paid out. In contrast, overnight accounts allow withdrawals within 1–2 banking days but usually offer lower returns. Despite the required notice, notice accounts provide a higher yield opportunity compared to overnight options.

Why Do Notice Accounts Have Notice Periods?

Notice periods exist to provide planning security for both savers and banks. Because the funds remain with the bank for a predictable timeframe, notice accounts often offer higher interest rates than overnight accounts. The longer an investor is willing to lock away their funds, the more interest they can potentially earn. Banks use this available capital to issue loans and earn interest themselves, which allows them to generate profit and pay out interest to the saver along with the original deposit at the end of the notice period.

How Does Interest Work with Notice Accounts?

Notice accounts are savings products with variable interest rates. Unlike fixed-term deposits, the interest is not locked in for the entire holding period. Instead, it fluctuates based on market developments as long as the funds remain in the account and no termination notice has been given. If interest rates rise, savers benefit from higher returns. However, if rates fall, the overall profit may decrease by the end of the notice period.

There are two types of interest agreements for notice accounts. The applicable type is agreed upon at the time of account setup:

  • Variable interest rate: The rate remains variable even after giving notice and can change until the end of the notice period.
  • Fixed interest rate upon notice: The interest rate at the time of notice becomes fixed and remains unchanged until payout, regardless of market changes.

What Is the Compound Interest Effect in Notice Accounts?

Some notice accounts allow savers to benefit from the compound interest effect. This occurs when interest is credited annually to the principal and then continues to earn interest itself. After closing a notice account, investors can easily open a new account via WeltSparen—ideally one with a higher rate. This strategy, known as interest rate hopping, reinvests both the original amount and the earned interest into a new product to maximize returns.

How Are Earnings from Notice Accounts Taxed?

Interest earned from notice accounts is considered investment income and is therefore subject to capital gains tax (Abgeltungssteuer) at a rate of 25%, plus a 5.5% solidarity surcharge and, where applicable, church tax.

German banks automatically withhold and forward the tax to the tax office. Since 2009, savers have benefited from the so-called saver’s allowance (Sparerpauschbetrag). As of 2025, individuals can earn up to €1,000 per year in interest tax-free, or €2,000 per year for jointly assessed couples. To take advantage of this allowance, a tax exemption order (Freistellungsauftrag) must be submitted to the bank or provider. The allowance can also be split across multiple banks and customized accordingly.

Some countries also apply a withholding tax, which is a tax deducted at source on investment income and paid directly to the relevant tax authority. The rate depends on local tax regulations and can range between 0.00% and 35.00%. Whether a withholding tax applies to your selected notice account can be clearly seen in the WeltSparen comparison table.

Minimum Deposit Amount for Notice Accounts

The minimum deposit for notice accounts typically ranges between €2,500 and €5,000, depending on the bank. Some banks may require a higher minimum deposit, while others offer more attractive interest rates for larger investment amounts. To compare notice periods, interest rates, and minimum deposit requirements, savers can use the notice account comparison tool on WeltSparen.

This allows you to quickly find the most suitable product based on your financial goals and flexibility needs.

How Secure Is Notice Money?

Like fixed-term and overnight deposits, notice accounts are covered by the EU-wide deposit guarantee scheme. This means that your funds are protected up to €100,000 per bank and per customer, including accrued interest.

How Can I Invest in a Notice Account via WeltSparen?

WeltSparen provides access to a variety of notice account offers from European banks. With just one registration, you can view all available products and compare them based on notice period, interest rate, and deposit requirements. Once you've found a suitable option, you can invest easily and securely through your WeltSparen account.

This is how you can invest money easily and conveniently

  • 1. Register and verify your identity: Open your free WeltSparen account quickly and easily via the PostIdent or VideoIdent process. Once verified, you’ll have access to all our savings and investment products.
  • 2. Choose an offer: Select the fixed-term deposit, overnight deposit, or investment and retirement product that best suits your needs.
  • 3. Transfer funds: Transfer your desired investment amount to your WeltSparen account or set up a direct debit. You’ll have full control at all times via our online banking platform.
Open a WeltSpar account now

Note: The content on this page is for general information purposes only and does not constitute tax advice. For detailed information or to clarify individual tax questions, we recommend consulting a tax advisor or another person qualified under § 2 StBerG.