Banca Mediolanum has launched a limited-time promotion offering a 4% annual gross interest rate for six months on its Mediolanum Time Deposit product, available only to new customers. The campaign runs from September 1 to October 30, 2026, with deposits accepted until November 6. To participate, customers must first open a SelfyConto online current account by the end of October, then activate the time deposit before the November 6 deadline. They must also ensure their salary is credited at least seven days before the deposit’s maturity date. The offer extends to new clients opening either a standard account or a Conto Professional version.
Officially the “Edizione settembre 2026”, the offer also welcomes new customers opening a Conto Mediolanum or Conto Professional, and the 4% is quoted as a gross annual rate.
This promotion stands out because it permits withdrawals at any time without forfeiting accrued interest, a feature absent in nine out of ten comparable time deposit products. Most banks impose penalties for early withdrawals, but Banca Mediolanum’s offer maintains the 4% fixed rate for the entire six-month term. This stability contrasts with variable-rate accounts, which some banks adjust monthly based on shifting market conditions.
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The SelfyConto account itself carries no monthly fee for the first year, while customers under 30 avoid charges for up to 36 months. After that period, the fee drops to €3.75 per month, provided the account holder credits a salary or spends at least €500 monthly. The minimum deposit required is €100, with a maximum of €500,000 per client on the first account opened during the promotion. Clients with existing Grandi Patrimoni contracts may deposit up to €1 million under the same terms.
The promotion’s fixed-rate guarantee is rare for short-term deposits, particularly in a period where central banks have increased borrowing costs. While the stability of the return appeals to savers seeking predictability, full eligibility criteria, fees, and terms are outlined in Banca Mediolanum’s Documento Promozioni and Fogli Informativi, accessible on bancamediolanum.it.