Banif launches new flexible term deposit

Banif Bank is offering another term deposit opportunity for the local market.

The Flexible Four Term Deposit is a four-year term with a guaranteed interest rate of four per cent gross per annum.

Banif is also offering clients subscribing to this account the possibility to deposit additional funds in their account during the first year of term, which amount cannot exceed that of the initial deposit made.

Should the account holder need to withdraw the full amount of the term deposit before the end of term, all the capital will be paid back and the account holder will still benefit from part of the interest if the money is withdrawn after the first year.

The Flexible Four Term Deposit can be opened with a minimum deposit of €2,500 and the balance can go up to a maximum of €250,000.

More information about this offer and the wide range of products available from Banif can be obtained from any Banif branch or by calling 2260 1000.

Alternatively, one can also visit the bank’s website at www.banif.com.mt.