New term deposit account

Bank of Valletta customers can call at any branch to open a term deposit account denominated in Maltese lira giving a gross return of 4.2 per cent per annum payable every six months. The deposit account has a term of 18 months. As with all other bank...

Bank of Valletta customers can call at any branch to open a term deposit account denominated in Maltese lira giving a gross return of 4.2 per cent per annum payable every six months. The deposit account has a term of 18 months.

As with all other bank deposits, it will be automatically converted into euro on January 1, next year at the Lm/euro irrevocable fixed convergence rate subject to Malta adopting the euro on that date.

The new 4.2 per cent term deposit account can be opened with a minimum deposit of Lm2,000 and multiples of Lm100 thereafter.

This is a limited offer available until March 10 but which could close earlier.

Details may be obtained from any of the bank's branches, by logging onto bov.com or by calling the Customer Service Centre on 2131 2020.

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