BoV launches new 30-month deposit account

Bank of Valletta is launching a new term deposit account denominated in euro with an advantageous rate of interest of 3.25 per cent per annum. The limited offer commences tomorrow and will remain valid until April 9, or earlier at the bank's discretion.

Starting from a minimum deposit amount of €5,000, the term account is spread over a 30-month period with interest paid on a monthly basis and capital guaranteed.

Charles Borg, chief officer financial markets and investments at Bank of Valletta, explained: "Following the outstanding response of customers to the term deposit account two months ago, Bank of Valletta constantly strives to offer new and supportive financial products for depositors. The new term deposit account is an efficient way to earn a highly attractive interest on your funds. An added feature is that interest is paid monthly and is directly credited to your current or savings account."