People’s goals shift according to circumstances, both planned and unexpected. Life plans vary from little projects, like saving for a short break, to significant milestones like getting married, buying a home, or starting a family.

Monthly saving scheme is ideal for short-term goals and gives an attractive return

A savings plan can help focus efforts on achieving a goal.

Once you’re set on your goal and done the math, choose a savings product that best suits your needs. There are different products that cater for short-term projects or long-term goals, products with high interest tied to a specific term and others with lower interest rates with more flexibility.

Banif Bank boasts a range of savings products designed to help customers in their financial planning.

Teach children how to save with the New Generations Account and instil in them the value of money and the importance of planning for their future. The account is managed by parents and comes with an ­advantageous rate of interest, with flexibility to deposit and to ­withdraw at pre-determined intervals.

For short-term goals, the Monthly Savings Scheme offers customers the ability to save an amount through monthly deposits for a one- or two-year term with more advantageous rates than standard current and savings rates.

For people with ambitious aspirations, the Hi-Saver Account gives high returns. It involves an initial minimum deposit and an agreement to make 11 monthly deposits.

Standard Term Deposit Accounts start from a one-month term and go all the way to a three-year term. The Flexi Term Deposit Account pays an advantageous interest rate with the flexibility to withdraw funds before maturity while still earning an attractive interest rate.

Available exclusively to subscribers of Banif’s internet banking – both personal and business – the Banif@ast Term Deposit offers attractive interest rates varying according to the term.

More information is available at www.banif.com.mt, in branches, or on 2260 1000.