APS Bank has introduced the Triple One Euro Term Deposit Account, a new product aimed at individuals willing to get into a short-term commitment while earning a higher interest rate than that of a normal savings or current account.
The account can be opened with as little as €1,000 for a fixed term of one year while earning interest of one per cent per annum, gross of tax. Interest can be payable monthly, quarterly, semi-annually or at maturity.
The product’s simple terms strike a good balance between interest rate and duration, as well as an opportunity for individuals to diversify their savings portfolio and earn some extra return.
For more information one many call the customer support centre on 2122 6644 between Mondays and Saturdays from 8am to 8pm or visit the bank’s website.
HSBC launches Guide to Business Borrowing
HSBC Malta has launched a ‘Guide to Business Borrowing’ section within its website http://www.business.hsbc.com.mt/ offering essential information for business customers looking to grow their business.
To help businesses make an informed decision, the guide outlines some of the different types of solutions on offer, along with how to apply and what other support is available.
The section is complete with a step-by-step guide on how to write a business plan and build a cash flow forecast as well as a comprehensive FAQs section in Maltese and English.
The business Loan Calculator provides a representative example of monthly payments once the loan amount and credit term are entered.
The HSBC business banking website also offers a one-stop customer documentation centre as well as information on the latest domestic and European financial laws.
“For business owners, time is money. Their banking experience needs to be simple and convenient,” said Gordon Scicluna, Country Head of Business Banking, HSBC Malta. “With these new features, business owners can obtain first-hand information on what banks require to start a relationship.”
The HSBC Malta’s business banking service is ideal for companies with a sales turnover greater than €1 million per annum. More information is available by calling 2380 8000.