Mediterranean Bank has launched a one-year term deposit product with an interest rate of 3.5 per cent per annum.

Besides the euro-term deposit account, Mediterranean Bank is also offering a two-year deposit account with an interest rate of four per cent per annum. Both term accounts require a minimum deposit of €20,000.

Interest rates for other terms and other currencies are available on request.

Mediterranean Bank is regulated by the Malta Financial Services Authority and operates under the depositor compensation scheme established by law, under which deposits are guaranteed up to €100,000 per person.

For more information call 2557 440 or e-mail info@medbank.com.mt. Alternatively log on to www.medbank.com.mt or visit Mediterranean Bank's office at 10 St Barbara Bastion, Valletta.

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