New three-year deposit product from IIG Bank

IIG Bank has unveiled a limited offer, three-year fixed account offering customers a premium rate on deposits. Interest will be paid quarterly at 4.65 per cent per annum on euro deposits and 4.30 per cent per annum on sterling and US dollar deposits.

The interest can be paid or compounded to the deposit at the client’s choice.

Chief officer, private banking, Nigel Stibbs, explained clients were looking for a good headline rate and trying to secure a good return for as long as possible.

“This new product enables them to achieve this and also allows a choice in how the interest is received,” he said.

IIG Bank, which has offices in Qui-Si-Sana and Portomaso, is the main sponsor of the Lifecycle Challenge 2012, which takes place between next Sunday and November 6.