BOV launches 4.4% deposit account

Bank of Valletta has launched a new, 18-month euro term deposit account, featuring a rate of interest of 4.4% gross per annum.

The new BOV 18-month Euro Term Deposit can be opened with a minimum balance of €5,000. Interest is paid every six months.

Charles Borg, Chief Officer responsible for Financial Markets and Investments said that the new deposit opportunity was set to continue to consolidate BOV’s position as the number one bank for customer deposits in Malta. “Over the past year, Bank of Valletta was very active in the market and has launched a number of attractive deposit opportunities, all of which were extremely well received by the general public. This 4.4% gross p.a. 18 month euro term deposit account is the first new deposit opportunity that BOV is launching this year and we are confident that, as has been the case in the past, the market will respond positively,” Mr. Borg said.