The best deposit accounts for October, interest up to 3.70%: which one to choose

Current accounts offer almost zero interest rates and this is why deposit accounts represent one of the most interesting options for those who want to keep their money safe and obtain a decent return. In fact, these savings and investment products do not expose you to the risks of the stock markets and offer a form of “active” saving. So here are the best 5 to choose in October 2025.

Advantages and disadvantages of the deposit account

Deposit accounts are products designed to grow savings. Unlike current accounts, they do not offer the possibility of carrying out operations such as bank transfers, payments or direct debits. They are only used to deposit money and receive interest.

There are free versions of the deposit account and tied versions. The former allow you to withdraw and deposit money whenever you want, with the latter the money remains blocked for a pre-established period offering higher rates than the others.

Investing your money in savings accounts offers the following advantages:

a higher yield on the current account;
the certainty that your money up to 100,000 euros per depositor is protected by the Interbank Deposit Protection Fund;
the possibility to choose between fixed and free deposits depending on your needs.

The cons of the deposit account are:

interest taxation of 26%;
the stamp duty which applies to stocks exceeding 5,000 euros;
the lower return compared to riskier investments such as shares or bonds;
the liquidity risk if you choose a time deposit.

What are the best 5 deposit accounts of October 2025?

To choose the best deposit accounts it is important to compare the gross rate and the net rate, the type of constraint, the duration, the costs and any additional expenses.

Current offers to consider are:

Yes, I count;
deposit X Savings;
Rendimax deposit account;
Illimity deposit account;
Time Deposit Ibl Bank.

Yes, I count

The non-refundable account of Banca Sistema is the deposit account that offers among the highest interest rates in October. The gross annual returns are as follows:

2% after 3 months;
2.05% after 6 months;
2.10% after 9 months;
2.35% after 12 months;
2.45% after 24 months;
2.55 after 36 months;
3.70% after 120 months.

This account has zero fees, can be opened in a branch or online and the minimum amount to invest is 500 euros.

Deposit X Savings

There is also the Banca Aidexa X Risparmio tied deposit account among the best of October 2025. It has no opening, management and closing costs and offers the following gross annual interest rates:

2.5% after 3 – 6 months;
2.9% after 12 months;
2.5% after 18 – 24 months;
3.4% after 36 months.

It will also be possible to choose not to renew the bond. If you opt for this solution, however, it will be necessary to communicate it to the bank from the reserved area starting from 32 days after the expiry of the restriction.

Furthermore, you will also be able to get your capital back even if tied up but with 32 days’ notice. In this case you will not receive the interest accrued on the released sums.

Rendimax deposit account

Among the best deposit accounts in October 2025 is Rendimax which has zero fees. There are three solutions offered: the free one, the Like and the restricted one.

The free:

offers a gross annual rate of 0.25%;
it has no opening and closing costs;
the availability of the money is immediate;
there is no minimum amount;
the payment of interest is quarterly.

The Like line:

offers a gross annual rate of 1.25%;
it has no opening and closing costs;
the availability of the money is obtained with a 33 day notice;
the minimum amount is 1,000 euros;
the payment of interest is quarterly.

Finally there is the deferred fixed line with which the interests are paid quarterly and the advance with which they are paid immediately upon signing the bond. The gross annual returns are as follows:

2.50% after 6 months with a postponed bond and 2.45% with an early one;
2.50% after 9-12 months with a postponed bond and 2.40% with an early one;
2.60% after 18 months with a postponed bond and 2.50% with an early one;
2.70% after 24 months with a postponed bond and 2.55% with an early one;
2.80% after 36 months with a postponed bond and 2.65% with an early one;
2.90% after 48 months with a postponed bond and 2.70% with an early one;
3% after 60 months with a deferred bond and 2.75% with an early one.

Illimity deposit account

The deposit account offered by Banca Illimity to Premium customers is also among those that offer the best interest rates. For the releasable line they are:

1.70% gross per annum after 6 months;
2.00% gross per annum after 12 months;
2.10% gross per annum after 18 months;
2.20% gross per annum after 24 months;
2.25% gross per annum after 36 months;
2.30% gross per annum after 48 months;
2.40% gross per annum after 60 months.

With the non-releasable line, however, the following gross annual return is obtained:

2.30% after 6 months;
2.60% after 12 months;
2.70% after 18 months;
2.80% after 24 months;
2.85% after 36 months;
2.90% after 48 months;
3% after 60 months.

The minimum amount that can be deposited for both accounts is 1,000 euros while the maximum amount is 20,000,000 euros.

As regards the restricted line, there is no possibility of releasing the sums in advance. The other, however, allows partial or total release. If you choose the latter, the credit institution will not recognize interest. If partial payment is chosen, interest will be calculated on the residual sums following the release.

Time Deposit

Ibl Banca’s fixed deposit line is another of the best solutions for obtaining a return on your savings. You can choose between two options: Time Deposit and Released Time Deposit.

The first, if activated by 30 November 2025, unless the offer is closed early, offers the following gross annual returns, with settlement upon expiry of the constraint after 3 months or the possibility of quarterly settlement in other cases:

2.10% for 3-month constraints;
2.40% for 6-month bonds;
2.55% for 12 month bonds;
2.70% for 18 month bonds;
2.75% for 24 month bonds;
2.75% for 36 month bonds.

The releasable line, however, gives the possibility of releasing the money at any time so it can be obtained even before the deadline. The interest rates offered are: