A further increase in interest rates on fixed deposits following last week's increase has been announced by Bank of Valletta.

With immediate effect and until further notice, the bank is offering higher interest rates on one- and two- year fixed deposits. Customers opening a fixed deposit account can now earn up to 3.85 per cent gross interest per annum on a two-year fixed deposit. The rate applicable on new one-year fixed deposits is 3.70 per cent gross per annum.

For more details contact the bank's customer service centre on 2131 2020.

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