Bank of Valletta said the two-year term deposit account at six per cent interest rate, denominated in sterling issued on August 4 received an outstanding response from the public.
In this regard, the bank said it was closing the product offer at close of business on Monday.
"We are delighted with the market response to this limited deposit opportunity in sterling launched by BoV," said Charles Borg, chief office financial markets and investments at Bank of Valletta.
The sterling account has generated a remarkable interest, as consumers discovered a unique opportunity to deposit their funds, enjoying an exceptionally high interest rate while having the benefit of both interest and capital guaranteed.
In this regard, the bank said it was closing the product offer at close of business on Monday.
"We are delighted with the market response to this limited deposit opportunity in sterling launched by BoV," said Charles Borg, chief office financial markets and investments at Bank of Valletta.
The sterling account has generated a remarkable interest, as consumers discovered a unique opportunity to deposit their funds, enjoying an exceptionally high interest rate while having the benefit of both interest and capital guaranteed.