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the 24-month secure unicredit certificate of deposit

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the 24-month secure unicredit certificate of deposit

If you have come here it is because you are looking for a solution for save and would like information on UniCredit deposit account. In reality, this institute does not offer a deposit account, but a certificate a 24 mesi.

MoneyBox CD might be the one for you, as this is a certificate of restricted deposit of the duration of 24 months, to be stipulated online with Banca UniCredit.

It is a product very similar to a deposit account, except that it doesn’t have the same functionality as an account.

If you are curious to discover them characteristics, i costsi returns and if it suits. then read on!

This article talks about:

Why choose UniCredit

UniCredit it is a name that we all know, regardless of whether we are customers of the Bank or not, it is in fact one of the leading credit groups in our country.

Like other institutions of equal reputation (Intesa Sanpaolo, Banco BPM, Ubi Banca, Monte dei Paschi di Siena, to name a few) UniCredit has a presence rooted throughout the country, with a very large number of branches and customers, and also a strong presence in Europe.

Since 1998 the Bank has been at the forefront in offering banking products and services to individuals and businesses. The growing attention towards new technologies has led it to develop important software for the management of Internet Banking. Today it is possible to carry out a considerable number of operations directly from home, also using the special applications developed for smartphones and tablets.

As far as the bank’s security is concerned, UniCredit has also gone through ups and downs but so far it has always managed to overcome them without excessive difficulty, in general we can say that it is one of the most solid institutions.

What is MoneyBox CD?

MoneyBox CDas anticipated, is a Certificate of Deposit that can be subscribed online and which offers:

  • Certain performance defined in advance;
  • Minimum amount that can be subscribed: €5,000, which can be increased by multiples of €1,000;
  • Capital repayment plus interests upon expiry of the bond;
  • No opening or closing fees at maturity.

Is depositing savings on MoneyBox CD safe?

Even if we are not dealing with a savings account in the strict sense, MoneyBox CD it is however a form of deposit guaranteed by the Interbank Protection Fund.

It means that, if the Bank were to fail in its commitments to customers, the Fund would intervene to reimburse depositors up to a maximum of 100,000 euros each. If you invest less than that amount you can rest assured.

In any case, UniCredit’s current situation does not give cause for concern. The value CET1 ratio it is about 12%; this is the main indicator of the Group’s capital solidity, and with a similar value, above the minimum limits required, we can say that we can sleep peacefully.

Having ascertained that the product is safe, we can focus on its characteristics.

MoneyBox Unicredit works just like a deposit account

MoneyBox CD it is a subscribeable escrow certificate online which offers you a sure income, like a deposit account. The Client deposits a sum of money and the Bank undertakes to return it on the agreed date, with accrued interest.

The bond expires in 24 months: a minimum amount of €5,000 can be subscribed and increased by multiples of €1,000.

Il reimbursement of the capital, plus interest, takes place upon expiry of the bond upon presentation of the Certificate certifying the deposit. It is not possible in any way to obtain early repayment of the sums, and the renewal of the certificate is not automatic.

Money box cd Unicredit interessi

How much does a Unicredit deposit account make? I start by saying that UniCredit’s offer of interest is rather low, but this is not a defect of the product in question since the rates proposed by the Bank itself in other safe savings instruments were, for better or worse, equally poor.

UniCredit offers us a tasso nominal year of the 0,10% for a term of 24 months. However, the rate is marked including withholding tax on annuities, so it needs to be reduced by 26%. The result is a very minimal return.

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I can tell you right now that they exist deposit accounts or similar products, which can be activated with other credit institutions, which offer much better rates.

But let’s not stop here… there are still some aspects to analyse.

The costs of Unicredit certificates of deposit

Signing the certificate of deposit does not involve any opening or closing costs. However, the payment of the current stamp duty on deposits is the sole responsibility of the customer.

I am attaching the screenshot taken from KID official.

How to subscribe to MoneyBox CD

The certificate of deposit issued by UniCredit can only be subscribed onlinethrough the Multichannel Bank Service and by the person in charge of the service.

If you are not a UniCredit customer, you must make an appointment at the branch or contact an operator to request information.

If you already have a UniCredit current account, then the path to subscribing to MoneyBox CD is very simple: access your online bank, go to the “Accounts” section, then to “MoneyBox CD” and choose the “Subscription” option.

Online subscription is possible only in certain time slots:

  • From Monday to Friday, from 00:00 to 21:30
  • Saturday, Sunday and holidays 24 hours a day

If you want more information, you can contact Customer Service on the toll-free number.

Opinions of Affari Miei on Money Box UniCredit

Having reached the end of this review, I can make some considerations about the product Certificate of deposit Of UniCredit.

The current year is being characterized by a general decline in returns of deposit accounts and similar products – in general, all guaranteed capital instruments offer very little, so much so that they can no longer be considered a true form of investment, but a mild form of savings.

However, UniCredit proposes a very low fixed rate on an escrow deposit which does not allow the advance divestment of the sums. All things being equal, there are dozens of deposit accounts that make much more.

UniCredit offers conditions below the competitionprobably because it focuses on other forms of money collection by savers – in fact it has deactivated its classic deposit account for some time now.

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Corporate choices that we are not interested in, while we are interested in finding a way to protect our savings by earning the minimum wage, at least that.

In the end the decision is yours, it’s not up to me to decree the convenience of MoneyBox CD.

Unicredit deposit account: Conclusions

Before saying goodbye, I suggest you “take a tour” in the archive of deposit accounts di Affari Miei, where you can find dozens of reviews, always updated, on the main secure savings solutions available in Italy.

If you want to spend half the time, there is also a free service TOP Deposit Account, the new automatic comparator to find and compare the best deposit accounts in circulation!

As far as UniCredit’s product offer is concerned, I will continue to keep you updated on news in the near future. I hope you liked the review, I wish you a good continuation.

Recommended resources

If you are looking for a classic deposit account, therefore, I suggest you look elsewhere and evaluate the various offers from other banks. You can do it thanks to the free service TOP Deposit Accountthe new comparator to choose the best for your savings!

Con TOP Deposit Account you have a complete overview of all the offers that can be subscribed to right now in Italy, quickly find the most suitable account for you.

If you have come here because you are looking for suggestions for investing your savings in the best possible way and you want to understand how to operate in the most advantageous way, I suggest you start from these thematic paths that I have written for you:

If, on the other hand, you were looking for information on interest-bearing bonds because it was the type of instrument you wanted to find out about, find the review here.

Good continuation.


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