Illimity Deposit Account Information Sheet

Bank Information

Bank Name: illimity Bank S.p.A.

Address: Via Soperga 9 - 20124 Milano

Phone: 02.82849660

Website: www.illimitybank.com

PEC: illimity@pec.illimity.com

Registration Number: 5710

Group Parent Company: illimity Bank S.p.A.

Supervisory Authority: Banca D'Italia S.p.A.

Deposit Guarantee Scheme: Fondi Interbancario di Tutela dei Depositi (www.fitd.it)

What is a Fixed-Term Bank Deposit?

A fixed-term bank deposit is a banking relationship for customers who already hold an Illimity Current Account. It allows customers to immobilize funds for predetermined periods at agreed-upon interest rates. These funds are transferred from the current account to specific 'Vincolate Lines' within the Illimity Deposit Account. Interest accrues on these immobilized sums from the day of their deposit, based on the rates specified in the relevant Information Sheets for each 'Vincolate Line'. Interest is paid net of applicable taxes, debited to the Illimity Current Account. Upon maturity, the immobilized sums, plus any accrued interest not yet paid, are automatically credited back to the customer's ordinary current account with the same value date.

If contractually permitted, 'Vincolate Lines' can be terminated early. In such cases, interest rates may be reset to zero, as detailed in the economic conditions, with the funds being credited back to the current account. The Illimity Deposit Account serves solely for managing these 'Vincolate Lines' and cannot accommodate other operations.

Key Risks

• Reduced or Zero Yield: Early termination of a 'Vincolate Line' may result in the reduction or elimination of accrued interest. This is to protect the invested capital, with interest calculations potentially being adjusted up to the amount of accrued interest.
• Bail-in Risk: In resolution scenarios (e.g., significant capital reduction due to losses), resolution authorities may reduce or convert shareholder and creditor rights into capital to absorb losses and recapitalize the bank. The deposit guarantee scheme covers these deposits up to €100,000 per depositor.

Key Economic Conditions

The following sections detail the costs incurred by an average consumer holding an Illimity Deposit Account. Note that these may not cover all expenses, and customers should refer to the 'Other Economic Conditions' section for a complete overview. Costs associated with the current account are detailed separately.

Fixed Expenses

Variable Expenses

Interest Rates

Interest rates are quoted gross of current taxes. Tax withholding will be applied according to prevailing legislation. Interest is calculated using a civil year divisor. Creditor interest rates applied to 'Vincolate Lines' are those in effect at the time of activation. Interest is paid net of taxes to the Illimity Current Account. Interest is not capitalized periodically.

Customers with the Illimity Current Account - Premium package benefit from advantageous interest rates on 'Vincolate Lines'. If a customer holding the Premium package cancels their Illimity Current Account contract, 'Vincolate Lines' activated with Premium-exclusive rates will be subject to the rates applicable to the Illimity Current Account - Classic package from the effective date of cancellation for the remaining term of the original deposit.

Creditor Interest Rates for Lines with Early Withdrawal Facility

Minimum deposit for a single line: €1,000

Maximum total deposit: €20,000,000

Interest rates for new deposit lines with early withdrawal facility (for Illimity Current Account holders):

Interest rates for new deposit lines with early withdrawal facility (for Azimut Premium Account holders):

Creditor Interest Rates for Lines Without Early Withdrawal Facility

These lines do not allow early withdrawal. Minimum deposit for a single line: €1,000. Maximum total deposit: €20,000,000.

Interest rates for new deposit lines without early withdrawal facility (for Illimity Current Account holders):

Interest rates for new deposit lines without early withdrawal facility (for Azimut Premium Account holders):

Other Economic Conditions

Early Withdrawal

For partial or total early withdrawals where permitted, the following conditions apply:

• Partial Withdrawal: Interest on the remaining balance will be recalculated from the start of the deposit period or the last interest payment date. The deposit maturity date and the agreed interest rate remain unchanged.
• Total Withdrawal: No interest will be paid by the bank.

For lines without an early withdrawal facility, the immobilization of funds persists until the agreed maturity date, even if the customer withdraws from the Deposit Account or related services.

Current Operations and Service Maintenance

Stamp duty is payable by the customer as per prevailing regulations.

Other Services

• Documentation Fee: €6.25 per document for operations.
• Fee for Various Certifications: €100.00.

Transition from Illimity Deposit Account linked to Illimity Smart and Plus Package to a New Contract

Existing customers with an Illimity deposit account linked to an Illimity Smart or Plus Package ('Previous Deposit Account') can transfer all active 'Vincolate Lines' to the new Contract via the internet banking service. This transition maintains existing references and ensures no interruption in operations. Upon signing the new Contract, the Previous Deposit Account will be fully replaced and will cease to be effective.

From the 'Transition Date' (when both the customer and the bank sign the new Contract), all customer relationships related to the Previous Deposit Account will be governed solely by the new Contract. Any 'Vincolate Lines' still active in the Previous Deposit Account will remain active under the new Contract, retaining their original interest rates and maturity dates.

If the new Contract introduces different conditions than the Previous Deposit Account, these new conditions will apply from the Transition Date. Specifically, 'Vincolate Lines' without early withdrawal facility from the Previous Deposit Account will be subject to the new Contract's terms, which include their continued immobilization until their original maturity date even in case of contract termination (refer to the 'Effects of Contract Withdrawal on Immobilized Funds' section).

Economic Conditions - Calculation Examples

Interest Calculation for Partial Withdrawal Before Maturity

Example: A 6-month deposit line (€20,000 at 0.50% gross interest) with a partial withdrawal of €6,000 on November 10th. The calculation shows interest accrued from the deposit start date to the withdrawal date (40 days) and from the deposit start date to maturity (182 days).

Interest Accrued at Maturity (March 31st)

Withdrawal and Complaints

Right of Withdrawal

Customers have the right to withdraw from the distance contract within 14 days of its conclusion. This can be done via registered mail to illimity Bank S.p.A., Via Soperga, n. 9, 20124 Milano, or via certified email to illimity@pec.illimity.com, or through other methods specified in the Current Account contract. Exercising the right of withdrawal means no interest will accrue. Withdrawal from the Contract will automatically lead to the closure and termination of the Current Account and related services.

Contract Duration and Withdrawal

The Contract is for an indefinite period. 'Vincolate Lines', activated via distance communication techniques, have a fixed term chosen by the customer. Both the customer and the bank can withdraw from the Deposit Account Contract at any time by providing written notice. Withdrawal notices should be sent via registered mail to the bank's registered office or via certified email. The effective closure of the account typically occurs within 15 days of receiving the withdrawal notice, potentially longer if the customer fails to provide necessary documentation or if additional activities are required.

If the bank withdraws, it must provide the customer with at least 2 months' notice. The withdrawal notice will be sent to the customer's registered address or domicile. The notice period begins when the bank or customer receives the withdrawal communication.

The customer authorizes the bank to transfer any credit balances from the Illimity Deposit Account and its 'Vincolate Lines' to the customer's linked Current Account in case of withdrawal.

All contractual relationships within the initial illimity offer (Deposit Account, Current Account, Spending Projects Service, debit card) are interconnected. Withdrawal from one contract affects all linked contracts, except as specified for 'Vincolate Lines' without early withdrawal facility. For debit cards, withdrawal affects all cardholders.

Withdrawal can be initiated by any co-holder, who must inform the other co-holders. Orders placed before the withdrawal notice is received and not revoked in time remain valid. Withdrawal does not incur penalties or closing fees.

The bank may withdraw with 5 days' notice for justified reasons, including customer insolvency, bankruptcy proceedings, asset assignments to creditors, protests, significant adverse changes in the customer's financial situation, reduction of collateral, fraudulent or negligent use of payment instruments, false declarations, or any other reason that compromises the trust relationship.

The closure of the Illimity Deposit Account follows the same timeline as the Current Account closure.

Contact Information

Customers can contact the bank via the published number on the website homepage: 02.82849660.

Applicable Law and Jurisdiction

The contract is governed by Italian law. For matters of jurisdiction, the bank's registered office in Via Soperga, n. 9, 20124 Milano is elected. For consumer customers, the competent court is in their place of residence or domicile, otherwise, the exclusive jurisdiction is Milan.

Complaints and Out-of-Court Dispute Resolution

Customers can submit complaints to illimity Bank S.p.A. via registered mail, ordinary mail, email (reclami@illimity.com), certified email (illimity@pec.illimity.com), or through the digital form on the Personal Area. The bank will respond within the regulatory timeframes: 60 days for banking services, 45 days for insurance intermediation services, and 15 working days (or exceptionally 35 working days with prior notification) for payment services.

If unsatisfied or if no response is received within the stipulated time, customers can contact the Banking and Financial Ombudsman (Arbitro Bancario Finanziario - ABF). Information on how to contact the ABF and its scope of competence is available on their website (www.arbitrobancariofinanziario.it), at Banca d'Italia branches, or from the bank itself.

The ABF's decision does not preclude legal action. Before pursuing legal action, customers and the bank must attempt mediation through an authorized body, such as the Conciliatore Bancario Finanziario - ADR, or another registered mediation body.

Glossary of Deposit Account Terms