Izola Bank extends offer on euro fixed-term deposits

Izola Bank has extended its one-year euro fixed deposit account offer.

With an interest rate of 3.75 per cent per annum, a minimum €10,000 is required to open this account and interest is paid on maturity.

For longer-term deposits, Izola Bank is also offering a five-year euro fixed deposit account with an interest rate of 4.6 per cent per annum. The account also carries a minimum deposit requirement of €10,000 and interest is payable annually.

Established in Malta for over 15 years, Izola Bank is mainly focused on providing corporate banking services from Malta to international clients. Izola Bank is currently expanding its corporate banking operations, mainly in the Belgian market.

Izola Bank general manager Andrew Mifsud said the product had been well received and the decision was taken to extend the offer.

Izola Bank Ltd is a licensed credit institution regulated by the Malta Financial Services Authority and is a participant in the depositor compensation scheme.

For more information one may call Sandra Mallia or Alan Bartoli on 2124 1258.

Izola Bank's offices are located at 58 East Street, Valletta.