Upfront interest with ‘Now Account’
Mediterranean Bank has launched an innovative retail savings product called the ‘Now Account’ that pays the interest for the entire term of the account upfront. The term deposit account is available in euro, for one, two or three years and will soon...
Mediterranean Bank has launched an innovative retail savings product called the ‘Now Account’ that pays the interest for the entire term of the account upfront.
The term deposit account is available in euro, for one, two or three years and will soon also be available in other currencies.
The minimum deposit amount required to open a Now Account is €5,000 or its equivalent, and interest is paid directly into the client’s savings account with Mediterranean Bank from where the client can access the full interest payment within 10 business days.
Head of consumer banking Ray Calleja explained that “the Now Account gives investors the choice to receive the interest upfront, thereby continuing the trend set by Mediterranean Bank of offering innovative savings products in the local market at competitive and consistent interest rates while remaining committed to our reputation for transparency and client service.”
For further information visit www.medbank.com.mt or any of the bank’s branch offices, e-mail info@medbank.com.mt or call 2557 4400.