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 Malta.

Want to check how much you can earn? Try our Savings Calculator.

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.

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.

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

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.

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.

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

Interest from your Izola Saver + account is paid directly to your Izola Saver 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 Izola Saver+ account and credited to your Izola Saver account depending on the interest payment frequency defined when you completed the account opening form.

Interest is paid gross (without tax being deducted). Residents of Malta can opt to have the withholding tax deducted from the interest earned on the account, by choosing this option during the application process.

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

You can open an Izola Saver+ account by using Izola Bank’s online banking platform or the 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.

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

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. 

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 the Izola Saver Mobile App.

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.

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.