BOVI, Bank of Valletta's private banking arm is launching two new foreign currency term deposit accounts. A four-year term deposit denominated in sterling and a five-year term deposit denominated in euro will be available to customers as from tomorrow. BOVI is offering this product for a limited period.
The BOVI foreign currency term deposit accounts feature a highly attractive annual rate of interest of 4.625% for the sterling deposit and a 4% for the account denominated in euro.
These new products are being offered as an ideal investment opportunity for all those risk-averse investors who seek a secure investment with a favourable rate of return, which is fixed throughout the life of the deposit. The interest rates offered are also higher than those currently offered for normal foreign currency accounts.
The minimum deposit is £1,000 with multiples of £1,000 thereafter and an initial deposit of €1,000 with multiples of €1,000 thereafter.