Bank of Valletta has launched a new six-year term deposit account denominated in euro. This BoV multi-asset class deposit account offers a guaranteed return of 100 per cent on the capital invested if the funds are held until maturity.

In addition, an annual fixed rate of interest, paid on each anniversary date, is guaranteed on 50 per cent of the deposit, while an attractive additional variable rate is being offered on the remaining 50 per cent. This variable rate is linked to the performance of four different asset classes linked to real estate, commodities, bonds and equities.

At the launch of the new product, Mario Pullicino, executive head responsible for Wealth Management at Bank of Valletta, explained how this new product offers customers a comprehensive investment that fulfils their investment needs.

"The account offers our customers added value in the form of risk diversification. Given that the additional potential income is linked to the performance of four different asset classes, the risk is mitigated and the potential for earnings is higher," he said.

Deposits into the account can be made at a minimum of €5,000 and multiples of €1,000 thereafter. There are no fees for establishing the account. This offer is available until October 23 and may be closed earlier at the bank's discretion.

For more information collect a product brochure from any Bank of Valletta branch, visit www.bov.com or call the Customer Service Centre on 2131-2020.