Bank of Valletta said yesterday that until further notice it was offering higher interest rates on one and two-year fixed deposits.
Customers opening a fixed deposit account, the bank said, could earn up to 3.75 per cent gross interest per annum on a two-year fixed deposit with a balance of more than Lm10,000. These new rates offers follow the recent announcement by the Central Bank to raise the central intervention rate by 25 basis points and represent increases of up to 0.75 per cent on the interest rates that were being offered before the change in the base rate.
More information is available from any BOV branch, the bank's customer service centre, tel. 2131 2020 or its website.