Webank is an online bank of the BPM group (Banca Popolare di Milano). It offers a convenient savings account.
Here are the features:
– Base rate: 1.10% gross interest (ECB +0.10%)
– Free transfers between savings account and checking account and money immediately available after each transfer
– For new clients a rate of 4.50% on all lock-ins (at 3, 6 or 12 months)
– Standard rates: 3.00% on 3-month lock-ins, 3.50% on 6-month lock-ins, 4.00% on 12-month lock-ins and 4.50% on 18-month lock-ins
– Fixed rate for the entire duration of the lock-in
– Possibility to unlock sums, even partially and without penalties
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The official Webank website: www.webank.it