New flexible term deposit from Banif Bank

Banif Bank has launched a ‘Flexible Four Term Deposit’ product with a guaranteed interest rate of four per cent gross per annum.

Clients subscribing to this account will be able to deposit additional funds in their account during the first year of term; the amount cannot exceed the amount of the initial deposit made.

Should account holders need to withdraw the full amount of the term deposit before the end of term, all the capital will be paid back. The account holder will still benefit from part of the interest if the money is withdrawn after the first year.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 rise to a maximum of €250,000.

Information is obtainable from Banif branches, www.banif.com.mt, or on 2260 1000.