Interbank fund


Interbank fund
Current account deposits, unlike bonds, are guaranteed by the Interbank Deposit Protection Fund. This guarantee was recently reduced from 103 thousand Euro to 100 thousand Euro and protects every accountholder at every bank, regardless of the total number of accounts the saver holds. This means that it is possible to open an unlimited number of accounts with different banks which will all be guaranteed up to the value of 100 thousand Euro. Italian BOTs (Buoni Ordinari del Tesoro, i.e. treasury bills) and other sovereign bonds are, on the other hand, guaranteed directly by the State: most Italian citizens are now familiar with the notion of spread, i.e. the differential between Italian BTPs and German Bunds that measures the markets’ trust in Italy.
Gruppo Banca IFIS
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