Bank of Valletta has launched three term deposit accounts offering full capital guarantee.
The 24-month term deposit account attracts an interest rate of 2.75 per cent a year, payable monthly, while the 30-month term deposit account pays interest at three per cent per annum every quarter. The longest term of the three accounts, with a 36-month term, offers an interest rate of 3.125 per cent per annum, with interest payable quarterly. The minimum deposit for each account is €1,000.
“These new deposit accounts are targeted at investors seeking short to medium term investment with an increasing interest rate according to the term of the account,” Charles Borg, chief officer, financial markets and investments, said.
The term deposits are available until October 31 but the offer may close earlier at the bank’s discretion.