Mediterranean Bank launches ‘Now’ account

Mediterranean Bank has launched a retail savings product called the ‘Now Account’.

The term deposit account is available initially in euro, for one, two or three years with the interest for the entire term of the account paid up front.

The minimum deposit amount required to open a Now Account is €5,000 or 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. The product will be available in other currencies soon.

“The Now Account continues 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,” head of consumer banking Ray Calleja explained. “The Now Account gives investors the choice to receive the interest upfront.”

Information is available in branch offices, at www.medbank.com.mt, info@medbank.com.mt or on 2557 4400.