New BOV deposit opportunity
Bank of Valletta has launched a new, limited offer, deposit opportunity in the form of a six-year term-deposit account guaranteeing an average yearly gross interest of 4.80 per cent on half of the deposit together with the potential of earning an even...
Bank of Valletta has launched a new, limited offer, deposit opportunity in the form of a six-year term-deposit account guaranteeing an average yearly gross interest of 4.80 per cent on half of the deposit together with the potential of earning an even higher return. Customers may choose to open the deposit either in Maltese liri or in euro.
"Through the launch of this latest deposit account, Bank of Valletta is seeking to combine the benefits of fixed-rates of interest together with access to a number of emerging economies," Mario Pullicino, executive head wealth management, said.
"The new BOV Emerging Markets and Commodities Deposit Account provides a unique opportunity to depositors to participate in the growth of emerging regions such as Latin America, Eastern Europe, India and Asia as well as in the commodity markets."
The new deposit account will provide a guaranteed average yearly gross interest of 4.80 per cent on half of the deposit, paying rates of interest on each anniversary date. Depositors may potentially benefit from an even higher return on maturity, since the deposit is linked to the performance of a basket of actively managed funds and indices representing equities and commodities, the bank said.
"One of the strengths of this new deposit account remains the fact that commodities are negatively correlated to equities and bonds and perform better in periods of inflation," added Mr Pullicino.
"Through the launch of this latest deposit account, Bank of Valletta is seeking to combine the benefits of fixed-rates of interest together with access to a number of emerging economies," Mario Pullicino, executive head wealth management, said.
"The new BOV Emerging Markets and Commodities Deposit Account provides a unique opportunity to depositors to participate in the growth of emerging regions such as Latin America, Eastern Europe, India and Asia as well as in the commodity markets."
The new deposit account will provide a guaranteed average yearly gross interest of 4.80 per cent on half of the deposit, paying rates of interest on each anniversary date. Depositors may potentially benefit from an even higher return on maturity, since the deposit is linked to the performance of a basket of actively managed funds and indices representing equities and commodities, the bank said.
"One of the strengths of this new deposit account remains the fact that commodities are negatively correlated to equities and bonds and perform better in periods of inflation," added Mr Pullicino.