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Illimity review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Illimity suits savers in Italy who want a fixed rate with no monthly fee and a fully digital account. The 2% to 3.9% sits below the site median of 3%, and the €1,000 minimum deposit puts it out of reach for smaller balances.

Key facts

Best for
Fixed rate savers in Italy with a €1,000 minimum and no need for branch banking.
Headline rate
2% to 3.9%↗
Rate type
Fixed↗
Term
6 to 60 months↗
Minimum deposit
€1,000↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
100% digital, opened and managed from home banking on PC or smartphone; non-releasable (locked) or releasable lines with free early redemption on releasable lines only↗
Monthly fee
€0↗
Account kind
Fixed↗
Legal entity
illimity Bank S.p.A.↗
Headquarters
Italy↗
Support channels
Help-centre, Phone, Chat, Email↗
Pricing model
No monthly fee, Fixed rate
Official website
illimitybank.com

Personal insurance

Premium from
€0↗
Monthly payments
Yes↗
Cover limit
Deposits protected up to EUR 100,000 by the Fondo Interbancario di Tutela dei Depositi↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store
Elsewhere
LinkedInXfacebook.com

Pros and cons

Pros

  • No monthly fee of €0 on the account
  • Fixed rates of 2% to 3.9% with terms of 6 to 60
  • Deposits held in the Fondo Interbancario di Tutela dei Depositi, with cover recorded as EU DGS up to EUR 100,000
  • Support through help centre, phone and chat

Cons

  • The €1,000 minimum deposit sits well above the €0.17 median for this category
  • Variable rates account for 53.9% of the wider list, while this one is fixed
  • Access runs entirely through home banking on PC or smartphone
Illimity

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Scored 8.8 / 10 by SumCue.

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Who it suits

  • Italian savers happy to run everything through app or web home banking
  • People who can place at least the €1,000 minimum and leave it for a fixed term
  • Savers who want a bank supervised by Banca d'Italia with deposit protection

Who should look elsewhere

  • Buyers looking for an easy access account, where 75.2% dominates the list
  • Anyone wanting the highest rate, since Wise pays 3.29% and bunq 3.01%

Who runs it

The account is run by illimity Bank S.p.A., based in Italy and supervised by Banca d'Italia under licence 5710. Deposits sit inside the Fondo Interbancario di Tutela dei Depositi, with cover recorded as EU DGS up to EUR 100,000. Help is offered through help centre, phone and chat, and the account is opened and managed from home banking.

How Illimity compares

Where Illimity is available

Available
Italy
Licence in Italy
Banca d'Italia (5710), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Illimity pay on savings?+

The account pays a fixed rate of 2% to 3.9% on terms of 6 to 60. That sits below the site median of 3%, so it is a steady option rather than the strongest one available.

Is there a monthly fee?+

No. The monthly fee is €0, and the account is listed with a no monthly fee model at no monthly fee and fixed rate. Costs therefore come down to the interest earned on the balance rather than a charge for holding it.

How much do I need to deposit?+

The minimum deposit is €1,000, which is a high floor for a savings account. It places Illimity at rank 348 of 379 brands on this measure, well above the €0.17 median for the category.

Is my money protected?+

Yes. Deposits are covered by the Fondo Interbancario di Tutela dei Depositi, with protection recorded as EU DGS up to EUR 100,000, and the bank holds a Banca d'Italia licence. That scheme covers the balance held with the bank.

Can I get my money out early?+

It depends on the line you open. Releasable lines can be redeemed early at no cost, while locked lines stay tied up until the end of the term. The account itself is a fixed deposit account.

How do I open and use the account?+

Opening and management are entirely digital, through home banking on a PC or a smartphone. Support runs on help centre, phone and chat, so help is available in the same place rather than at a counter.

Who is this account for?+

It fits Italian savers who want a fixed return and can commit at least the €1,000 minimum. Those wanting instant access should look elsewhere, since easy access accounts make up 75.2% of the list.

Is Illimity regulated?+

Yes. The bank is licensed in Italy by Banca d'Italia under licence 5710, and illimity Bank S.p.A. is the named entity behind the account. Its home country is IT, which is where the deposit protection scheme applies.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Illimity

Illimity

Fixed rate savers in Italy with a €1,000 minimum and no need for branch banking.

8.8/10See alternatives