In the 36-month investment scenario, illimity has lowered the yields of its “Premium Account” to 5.40% on the non-redeemable line
Contrary to the trend, Banca CF+ increases: the rate on the 12-month maturity of the non-redeemable line rises from 4.50% to 4.80%
Cuts on time deposit accounts begin. In anticipation of future moves by the European Central Bank – which, according to expectations, should reverse the course taken to counter inflation – several banks (which have so far offered some of the most competitive conditions, as regularly monitored by We Wealth) have started adjusting rates downwards. For now, free time deposit accounts and interest-bearing checking accounts are excluded from the moves, as well as an institution that, against the trend, has raised the remuneration on its time deposit account.
Banca CF+, a challenger bank specializing in credit solutions for businesses and born from the experience of Credito Fondiario in 2022. As can be seen from the table below, the institution offered a gross rate of 4.50% for 12-month accounts last December, which increased to 4.80% in January. A different case is Cherry Bank, which, over the same time period, has cut the yields of its deposit account from 5% to 4.25%.
Moving on to two-year fixed time deposit accounts, Banca AideXa now offers a gross rate of 5%, compared to the 5.50% offered in December. ViviBanca has lowered yields on 24-month maturities from 5.50% to 4.75%, while in this case, Cherry Bank has reduced the yields of its “Cherry Fixed” from 5% to 4.50%. Banca Private Leasing, founded in 1987 as a leasing company serving the entrepreneurial fabric of Emilia Romagna, currently proposes a gross rate of 4.50% against the 4.60% offered at the end of last year.
In the 36-month investment scenario, according to We Wealth, illimity has instead adjusted the rates of its “Premium Account” (which includes a monthly stamp duty of 7 euros compared to the 3 euros of the “Classic Account”). In detail, the banking group founded by Corrado Passera has cut the rate on the non-redeemable line from 5.75% in December to 5.40% on January 16, 2024, and that on the redeemable line from 5% in December to 4.40% in January. For Cherry Bank, there is a decrease from the 5.40% offered in December to the current 4.50%. Banca Privata Leasing has finally lowered yields on 36-month maturities from 4.60% to 4.50%.
