New 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 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," explained Mario Pullicino, executive head, wealth management, at Bank of Valletta.

The BOV Emerging Markets and Commodities Deposit Account will provide a guaranteed average yearly gross interest of 4.80 per cent on half of the deposit, paying attractive 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.

"One of the strengths of this new deposit account remains that commodities are negatively correlated to equities and bonds, and perform better in periods of inflation," added Mr Pullicino.

The minimum deposit for participation in the BOV Emerging Markets and Commodities Deposit Account is of €5,000 or Lm2,000. Any additional deposits at the time of opening of the account can be made in multiples of €1,000 or Lm1,000. No fees are applicable to open the account.

Application forms are available from BoV branches. This offer is available for a limited time only and may be closed earlier at the bank's discretion. Cleared funds will be required prior to opening the account.

For more information visit www.bov.com or call the bank's Customer Service Centre on tel. 2131-2020.