New time deposit accounts with monthly interest payments

Credit Europe Bank N.V. has just launched its long-term time deposits with monthly interest payments. The new fixed-term time deposits can be opened with a minimum amount of €20, 000, for seven years at 4.75% p.a. or for 10 years at five per cent p.a. The monthly interest is paid into the Credit Europe Top Interest savings account, and can be withdrawn at any time.

"The new Credit Europe time deposits are intended to provide long-term savings accounts with an advantageous opportunity: 100 per cent secure monthly income at a very competitive interest rate", said Eric Schröder, division director, retail banking Europe.

"It shows that we follow a pricing strategy designed to balance the interests of our customers. We are very confident that savers will respond well to this new product - especially in the current economic climate".

This offer is only available to personal customers.

Founded in 1994 in Amsterdam, Credit Europe Bank is a solid international financial services group, ranked among the top 10 Dutch banks. As at the end of last year the bank increased its net profit by 25 per cent to €74.5 million and had a total asset value of €9.5 billion. Credit Europe Bank employs over 6,000 professionals working in the eurozone countries Belgium, Germany, Malta and The Netherlands as well as in China, Dubai, Romania, Russia, Switzerland, Turkey and Ukraine, serving more than three million customers worldwide.

www.crediteurope.com.mt