Best Savings Accounts in Italy (2026)
Italy offers a unique combination of savings products: government bonds (BTP) among the most attractive in the eurozone, bank deposits with European guarantee, and access to pan-European platforms like Raisin. We analyze the best options for residents in Italy.
BTP — Italian Government Bonds
Buoni del Tesoro Poliennali (BTP) are Italy's savings benchmark, backed by the Italian State:
- BTP 10 years: 3.59% per year — highest yield, ideal for long-term
- BTP 5 years: 2.67% per year — balanced option
- BTP 2 years: 2.53% per year — shorter commitment
BTPs can be purchased on the secondary market through any bank or broker.
Italian Bank Deposits via Raisin
Through Raisin, European residents (including Italy) can access deposits from Italian banks protected by the Fondo Interbancario di Tutela dei Depositi (FITD), up to €100,000:
- Banca Sistema — 2-year Deposit: 2.63% per year
- Banca CF+ — 1-year Deposit: 2.52% per year
- Banca CF+ — 3-year Deposit: 2.45% per year
- Banca Sistema — 1-year Deposit: 2.45% per year
- CA Auto Bank — 3-year Deposit: 2.34% per year
- Banca CF+ — Flexible Account: 1.96% per year — daily liquidity
European Alternatives Available in Italy
- Trade Republic: 2.75%+ on uninvested cash, fully digital
- Revolut: up to 2.50% on EUR Savings Vaults
- Raisin EU: 12-month deposits at 3.12% from European banks
Deposit Guarantee in Italy
Italy's FITD protects up to €100,000 per depositor per bank, part of Europe's EDIS framework. BTPs carry direct Italian State guarantee.
Savings Tax in Italy
Bank deposits and savings interest are taxed at 26% (imposta sostitutiva). Italian government bonds (BTP) benefit from a preferential rate of 12.5%, making them particularly tax-efficient.
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