Bank broadens savings options

Mediterranean Bank has launched a three-year euro fixed term deposit account offering an annual interest rate of 4.5 per cent.

This new account broadens Mediterranean Bank's savings product options, which include one- and two-year fixed deposits, launched at the end of last year, currently paying among the highest interest rates on the local market. The minimum deposit required is €20,000.

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

Regulated by the Malta Financial Services Authority, Mediterranean Bank operates under the depositor compensation scheme which guarantees deposits up €100,000 per person. For information call 2557 4400 or visit www.medbank.com.mt.