a2FybCBkYXZpZCBkYWcgcG9jIG1heSAyMDIxIGZvbyBiYXogeGkgaGFnYSBiaWwgbWFsdGkgaGFsbGkgemd1ciB0a3VuIHVuaWthIDop Izola Bank | Personal Savings in Belgium
Market leading rates for everyone

Smart and simple online savings

Izola Saver is non-regulated savings account where you earn 2,25% gross (1,57% net) interest on the daily balance and you can still add and withdraw funds as needed.

Term deposits with durations as short as 3 months, up to 10 years, with a minimum deposit of just €500.

Stay in control of your savings with the bank that’s been in business for over 30 years.

Why Izola Saver and Izola Saver+?

Enjoy 3,35% P.A. for a 1 Year Term Deposit in Euro

Save money for your dreams, goals and future the smarter way.

3,35% Gross and 2,34% Net. P.A.

Attractive Rates

Market leading rates for saving and term deposit accounts.

Flexible Savings Account

Enjoy the flexibility of adding or withdrawing funds, whilst always earning interest on the balance.

100% Deposit Cover

Your savings are covered by the Maltese Depositor Compensation Scheme up to €100.000.

Belgian Owned

Izola Bank is a Belgian owned Maltese bank and has been in successful business since 1994.

 

EU Cross Border Banking Services

The National Bank of Belgium (NBB) has been notified that Izola Bank plc, a credit institution governed by the laws of Malta, an EU member state, carries out banking services in Belgium within the framework of the freedom to provide services.

Save Your Way

Choose a term deposit with a duration that meets your plans, from 3 months up to 10 years.

Real People

We pride ourselves on always having a real person to speak to on the phone, or online.

No Fees

No hidden bank fees or charges.

Izola Bank plc has a banking license under the Banking Act (Chapter 371 of the Maltese Law) and is regulated by the MFSA (Malta Financial Services Authority). Izola Bank is participant in the Depositor Compensation Scheme in Malta which offers protection of up to €100.000 as per provisions under Subsidiary Legislation 371.09, 44. Any funds in excess of €100.000 are not covered by the scheme. In the event of bankruptcy, you run the risk of losing any deposits you have over €100.000. The rates quoted are exclusive of tax and on an annual basis. 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. Before opening an Izola Saver+ term deposit account, you must first open an Izola Saver account for a minimum of €25. Terms and conditions apply. Rates are correct as at 13.10.2023. Visit savings.izolabank.com for full product information.

Block4-Logo-Saver

Better than your average bank’s savings account.

2,25% P.A.
( 1,57% NET P.A.)

Rates are correct as at 19.07.2024

  • Start saving with just €25.
  • Add or withdraw whenever you like, without any impact on the 2,25% rate (calculated on your daily balance).
  • Open your account in minutes.
  • All savings are covered by the Maltese Depositor Compensation Scheme up to €100.000.

Block4-Logo-Saver+

Enjoy market leading rates that everyone is talking about!

  • 3 Mo.
  • 6 Mo.
  • 9 Mo.
  • 1 Yr
  • 2 Yr
  • 3 Yr
  • 4 Yr
  • 5 Yr
  • 7 Yr
  • 10 Yr
1 Year Term Deposit
3,3965% (3,35)% P.A. GROSS
(2,3776% (2,345)% NET P.A.)
Rates are correct as per 19.07.2024
  • Once you open an Izola Saver account, you can easily open as many Izola Saver+ term deposit accounts as you like.
  • Enjoy durations ranging from 3 months to 10 years.
  • Start saving with as little as €500.
  • All term deposits are covered by the Maltese Depositor Compensation Scheme for deposits up to €100.000.

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.

Read more

Are there any fees?

There are no fees or charges for opening or maintaining an Izola Saver+ account. However, we will charge early payment fees, should you wish to
close your Izola Saver+ account before the end of the term. Please view our Terms and Conditions to find out more about this.

Read more

How is the interest calculated?

Interest from your term deposit account is paid directly to your Izola Saver online savings account quarterly, half yearly or annually. You can select when

you want to receive your payments during the application process.

Interest is calculated on a 360-day basis on the balance of your term deposit account and credited to your Izola Saver online savings account depending on the interest payment frequency defined when you completed the account opening form.

Read more

How is taxation considered?

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.

Read more

Not Satisfied?

Complaints may be sent to by regular post or by email via our Help Centre. We will try and resolve your complaint as soon as possible and we shall

employ our best efforts to provide a reply to all complaints within a maximum period of two working days.

In the event you are not satisfied with our reply you may refer the matter to the Arbiter for Financial Services by writing to:

Office of the Arbiter for Financial Services,
First Floor, St Calcedonius Square,
Floriana, FRN5130,
Malta

Or by visiting the  Arbiter for Financial Services website.

Read more

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. 

Izola Bank is participant in the Depositor Compensation Scheme in Malta. The Scheme offers protection of up to €100.000 as per provisions under Subsidiary Legislation 371.09, 44. Any funds in excess of €100.000 are not covered by the Depositor Compensation Scheme. 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.

Read more

Why Save With Izola Bank?

As an ethical, relevant and agile bank, we are commended for delivering financial solutions with a human touch. In today’s digital banking age, a personalised service could be the missing link between you and your savings success.

Izola Bank is wholly owned by the Van Marcke Group, a family run business in Belgium which has been in successful operation for almost 100 years.

The Bank obtained its banking license in 1994 and is regulated by the Malta Financial Services Authority (MFSA). It has been operating out of Malta for over 29 years, whilst servicing a growing customer base in Belgium, Malta and France.

Izola Saver was established in 2015 as an online savings account in order to offer the market better rates and a more convenient way to save.

Learn more about Izola Bank Investor Information

Open your Izola Saver account now and experience the convenience of hassle-free savings!

Save On The Move

Life doesn’t sit still and neither should your savings.

Your Money Is Secure.

As your Izola Saver account is only linked to an IBAN or IBANs in your name, transferring money into and out of your Izola Saver account is extremely secure. Money can't be sent to any other 3rd party.

Want more information?

Download our comprehensive guide and view our Terms and Conditions

Looking for more information? Please select the product you are interested in.

Izola Saver Online Savings Account

About Izola Saver

Izola Saver is a non-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 Saver Mobile App or the online banking platform.

Interested? We suggest you read the following information for a detailed product overview.

Return 

2,25% (Gross) & 1,57% (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.

Izola Saver has an indefinite duration.

Rates are correct as at 19.07.2024

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 360-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.

Fees     

There are no fees or charges for opening or maintaining an Izola Saver account.

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.

Fully Flexible   

You can withdraw your funds whenever you like, without incurring any fees

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 Saver Mobile App or the online banking platform.

Izola Saver Mobile App

The Izola Saver Mobile 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 paper 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.

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.

Izola Bank is participant in the Depositor Compensation Scheme in Malta. The Scheme offers protection of up to €100,000 as per provisions under Subsidiary Legislation 371.09, 44. Any funds in excess of €100,000 are not covered by the Depositor Compensation Scheme. 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?  

Complaints may be sent to by regular post or by email via our Help Centre. We will try and resolve your complaint as soon as possible and we shall employ our best efforts to provide a reply to all complaints within a maximum period of two working days.

In the event you are not satisfied with our reply you may refer the matter to the Arbiter for Financial Services by writing to:

Office of the Arbiter for Financial Services,

First Floor, St Calcedonius Square,

Floriana, FRN5130,

Malta

Or by visiting the Arbiter for Financial Services website.

Important          

Please download our guide for full information on Izola Saver and Izola Saver+ before opening your account. This includes product information, the account Terms and Conditions and also information on the Depositor Compensation Scheme.

About Izola Saver+

Izola Saver+ is a term deposit account with a fixed interest rate. You can open Izola Saver+ term deposit accounts for periods ranging from 3 to 9 months and 1 year up to 10 years. You can choose whether to have your interest paid quarterly, six monthly or annually.

Izola Saver+ clients must open an Izola Saver account first.

Interested? We suggest you read the following information for a detailed product overview.

Fixed Return     

You know your return from the very beginning: the interest rate is set in advance and does not vary. If the market interest rates increase or decrease you will still receive interest payments according to the interest rate defined when you opened your Izola Saver+ account.

The below interest rates are applicable for residents of Belgium.

Rates are quoted gross of tax and are correct as at 19.07.2024.

Customers are notified by email of any upcoming interest rate changes.

Fixed Term        

Izola Saver+ is a term deposit account whereby your funds are locked up for a set period of time. No deposits or withdrawals are allowed from the account for the duration of the term.

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.

Your Choice       

Choose how much you want to set aside to place in your Izola Saver+ term deposit account. Just ensure you won’t need access to these funds for the duration of the term. You can open Izola saver+ term deposit accounts for periods ranging from 3 to 9 months and 1 year up to 10 years.

Start Small         

You can open an Izola Saver+ account with just €500.

Who Can Apply?             

To open an Izola Saver+ account you first need to open an Izola Saver account.

You can manage your account by using the Izola Saver Mobile App or the online banking platform. You can open more than one Izola Saver+ account.

Izola Saver+ accounts are not available for corporate entities.

Fees     

There are no fees or charges for opening or maintaining an Izola Saver+ account. However, we will charge early payment fees, should you wish to close your Izola Saver+ account before the end of the term. Please view our Terms and Conditions to find out more about this.

Renewal             

It is possible to renew your Izola Saver+ account upon maturity.

Interest Receivable

Interest from your term deposit account is paid directly to your Izola Saver online savings account quarterly, half yearly or annually. You can select when you want to receive your payments during the application process.

Interest is calculated on a 360-day basis on the balance of your term deposit account and credited to your Izola Saver online savings account depending on the interest payment frequency defined when you completed the account opening form.

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.

Easy to Manage 

You can manage your account by using the Izola Saver Mobile App or the online banking platform.

Izola Saver Mobile App

The Izola Saver Mobile 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 deposits as you like.

Statement         

You can view your Izola Saver+ accounts from the “Account Overview” screen through the online banking platform.

Secure 

You can only open a Izola Saver+ account by transferring money from your main Izola Saver account.

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.

Izola Bank is participant in the Depositor Compensation Scheme in Malta. The Scheme offers protection of up to €100,000 as per provisions under Subsidiary Legislation 371.09, 44. Any funds in excess of €100,000 are not covered by the Depositor Compensation Scheme. 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 

In order to open an Izola Saver+ account, you must first open an Izola Saver account with us.

If you’re already an Izola Saver client, simply login to the online banking platform or your Izola Saver Mobile App.

Not Satisfied?  

Complaints may be sent to by regular post or by email via our Help Centre. We will try and resolve your complaint as soon as possible and we shall employ our best efforts to provide a reply to all complaints within a maximum period of two working days.

In the event you are not satisfied with our reply you may refer the matter to the Arbiter for Financial Services by writing to:

Office of the Arbiter for Financial Services,

First Floor, St Calcedonius Square,

Floriana, FRN5130,

Malta

Or by visiting the Arbiter for Financial Services website.

Important          

Please download our guide for full information on Izola Saver and Izola Saver+ before opening your account. This includes product information, the account terms and conditions and also information on the Depositor Compensation Scheme.

Three Steps to Smarter Savings

Step 1

Step 1

Applying is easy. To make it even faster you should have your identity card, a recent utility bill showing your residential address and your Principal Account IBAN number close by. A Principal Account is an existing bank account held in your name (or joint names in case of a joint account) with an established bank in Belgium, France or Malta depending on your country of residency.

Step 2

Step 2

When you complete the application, we will open your Izola Saver savings account. To confirm the activation, you’ll need to transfer €25 to this account. This money remains yours, with no fees or charges.

Step 3

Step 3

If you’d like to open a term deposit, simply transfer funds to your Izola Saver account and then using our online banking or the Izola Saver mobile app, open your term deposit with the duration that matches your savings ambitions. You can open as many term deposits as you wish to.

"I’ve been saving with Izola Bank for over a year now. Aside from enjoying great rates, I really like their support team. Very helpful and professional. Highly recommend!"

Lorum Ipsum

Still have questions?
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