Mediterranean Bank introduces fixed term deposit at 4.5% interest

Mediterranean Bank recently launched its three-year euro fixed term deposit account with an interest rate of 4.5 per cent per annum. This broadens their savings product options in addition to the one and two year fixed deposits, launched at the end of last year, which are currently paying among the highest interest rates on the local market. The minimum deposit requirement is €20,000.

The fixed term deposit accounts are also available in other major currencies like the US dollar and sterling.

Speaking about the three-year fixed term product launch, CEO Mark Watson commented: "We have been very pleased with the initial response to our one and two-year term deposits, and are excited to broaden our attractive savings products with the new three-year rate. Our goal is to consistently offer the most attractive rates and build a consistent and loyal customer base in line with our long term ambitions."

Mediterranean Bank is regulated by the MFSA and operates under the depositor compensation scheme established under the laws of Malta, which guarantees deposits up €100,000 per person. Full terms and conditions are available on tel. no. 2557 4400 or by email at info@medbank.com.mt .