Fimbank plc launches fixed-deposit product

Fimbank plc has launched a flexi-term deposit account, a two-year fixed deposit with an option to extend for a third year. The account is denominated in euro and pays interest every 12 months.

"Following the success of our recent bond issue and the overwhelming positive reaction from the investing community, the bank has developed this fixed term deposit product which offers a guaranteed 3.25 per cent for the first and second year, rising to four per cent in the optional third year," Armin Eckermann, Fimbank's head of banking explained.

Investors have the option of choosing whether to commit to the third year by giving sufficient advance notice. The minimum deposit amount attached to this product is €15,000.

The offer is valid until July 15. Fimbank also offers premium rates for US Dollar and Pound Sterling deposits.

Further information may be obtained from www.fimbank.com.