Positive response to BOV term deposit account

The 30-month term deposit account denominated in euro recently issued by Bank of Valletta has received a positive response from depositors. The attractive feature of the account is that interest will be paid on a monthly basis and directly credited to customer's current or savings account, thereby offering a constant return to depositors.

The term deposit account had a highly attractive interest rate of 3.25 per cent per annum, offering customers a capital guaranteed account that is spread over a 30 month period for a minimum deposit amount of €5,000.

Charles Borg, chief officer financial markets and investments said: "The encouraging reaction by depositors to the 30 month term deposit account reflects customers' confidence in the BoV brand, and continues to support our constant commitment to all our customers by offering competitive and innovative financial products on a regular basis. Bank of Valletta continues to live its brand promise principle by offering added value to its customers".