Updated October 21, 2026 · VaultCue Editorial Team
ABB Bank vs Illimity
ABB Bank
Illimity
Higher score in this comparison
What sets them apart
| Compare | ABB BankReviewSee alternativesSee alternatives | IllimityReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | Not confirmed | €0 |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Currencies | 2 | Not confirmed |
| Transfer fee | 0% on the first transfer under the current campaign; from 6 EUR for European countries, from 6 USD for the USA, 6 USD for the other listed countries, 7 USD for Japan | Not confirmed |
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Key differences
- Founded is lower at ABB Bank: 1992 vs 2018.
- Support channels: only Illimity offers Chat.
- Pricing model: only Illimity offers No monthly fee.
Our verdict on each
ABB Bank
ABB Bank is Azerbaijan's largest bank and provides cards, deposits, loans and money transfers alongside digital banking services. You can handle everyday balances, payments and savings through its mobile app if you live and bank in Azerbaijan.
Illimity
Illimity is an Italian digital bank whose fixed deposit account pays 2% to 3.9% on terms of 6 to 60 and charges a monthly fee of €0. It suits savers happy to lock money away and business customers, and it is a poor fit for anyone who wants branch cash or instant access.
Score breakdown
| Area | ABB Bank | Illimity |
|---|---|---|
| Cost | Not confirmed | 9.3 |
| Offer | 8.8 | 9.8Higher |
| Trust | 9.3Higher | 8.2 |
How they place
| Ranking | ABB Bank | Illimity |
|---|---|---|
| Savings accounts | 615 of 1420 | 354 of 1420 |
| Fixed-rate bonds and CDs | 110 of 188 | 72 of 188 |
Every fact side by side
| Fact | ABB Bank | Illimity |
|---|---|---|
| Audience | Not confirmed | Business |
| Pricing model | Fixed rate | No monthly fee, Fixed rateCovers more |
| Features | Not confirmed | Digital only |
| Legal entity | ABB Open Joint-Stock Company (Azerbaijan Beynexalq Banki) | Illimity Bank S.p.A. |
| Headquarters | Azerbaijan | Italy |
| Founded | 1992Lower | 2018 |
| Support channels | Phone, Email, Help centre | Help centre, Phone, Chat, EmailCovers more |
Savings
| Fact | ABB Bank | Illimity |
|---|---|---|
| Headline rate | 10.5%Higher | 2% to 3.9% |
| Rate type | Fixed | Fixed |
| Term | 3 to 36 months | 6 to 60 monthsHigher |
| Minimum deposit | AZN 500 | €1,000 |
| Access terms | 3-36 month term, AZN or USD; interest paid monthly or at maturity; deposits over AZN 1,000,000 equivalent priced individually; deposits insured | 100% digital, opened and managed from home banking on PC or smartphone; non-releasable (locked) or releasable lines with free early redemption on releasable lines only |
| Account kind | Fixed | Fixed |
Money transfer
| Fact | ABB Bank | Illimity |
|---|---|---|
| Delivery time | Instantly or within a short period | Not confirmed |
| Payout methods | Bank | Not confirmed |
| Fee to send 1,000 | $6 to $7 | Not confirmed |
Where each stands against the rest
| Fact | ABB Bank | Illimity | Median |
|---|---|---|---|
| Monthly fee | Not confirmed | €0at the median | €0 |
| Currencies | 2lowest quarter | Not confirmed | 5 |
Median across 536 listed accounts.
Pros and cons
ABB Bank
Pros
- Combines cards, deposits, loans and transfers in one bank
- Allows online opening of savings accounts through the mobile app
- Provides digital and physical cards for everyday payments
Cons
- Everyday banking focus stays centred on Azerbaijan and local needs
- Many useful everyday features depend on using the mobile app
Illimity
Pros
- A monthly fee of €0, and no monthly fee and fixed rate lists Illimity as a no monthly fee provider
- A fixed rate of 2% to 3.9% on terms of 6 to 60
- Deposits sit under the EU guarantee scheme: EU DGS up to EUR 100,000
Cons
- Digital only, per digital only, so there is no branch counter for cash or paperwork
- A minimum deposit of €1,000 rules out small balances
- Locked lines tie the money for the full 6 to 60, and free early redemption applies only to releasable lines
Who each suits
ABB Bank
Who it suits
- People handling daily spending and saving in Azerbaijan
- Families wanting card-linked profiles for children
Who should look elsewhere
- People seeking everyday banking outside Azerbaijan
Illimity
Who it suits
- Savers who want a fixed rate and can leave the money locked for the term
- Business customers, the audience listed as business
- People already comfortable running a bank from a phone or PC
Who should look elsewhere
- Anyone who needs easy access to the money, since fixed is fixed and locked lines run to the end of the term
- Customers who want to handle cash in person, given the digital only setup listed under digital only
- Balances that sit below the €1,000 minimum
Country by country
| Country | ABB Bank | Illimity |
|---|---|---|
| Italy | No | Yes |
Questions about each
ABB Bank
What products does ABB Bank cover?+
ABB Bank covers cards, deposits, loans and money transfers alongside digital banking services. You can use these products for everyday spending, saving and sending money. Online applications are available for several services.
Where does ABB Bank focus its services?+
ABB Bank serves people and businesses with banking needs in Azerbaijan. Its services include personal accounts, business services and digital banking. The offer reflects local everyday banking rather than international banking.
Illimity
Is there a monthly fee?+
The account carries a monthly fee of €0, and no monthly fee and fixed rate lists Illimity as a no monthly fee provider. That puts it among the cheaper places to park savings, which means the rate and the term are the things worth weighing rather than the cost of keeping the account open.
What rate do I get on the money?+
The headline rate runs 2% to 3.9% and the rate type is fixed, so the return is set for the whole term instead of moving with the market. Where you land inside that range depends on the line you open and how much you keep in it.
Other options to compare
Related by the facts
ABB Bank
Illimity