IIG Bank (Malta) Ltd is offering a new account for deposits of €25,000 (£20,000 in sterling and $30,000 in USD) or over, with a three-step interest rate structure for the 18-month term of the account.

In the case of euro deposits, the rates of interest will be paid at four per cent per annum for the first six month, at 4.15 per cent per annum for the next six, and for months 4.3 per cent per annum for the last six.

For sterling and US dollar deposits, the rates per period are 3.60 per cent, 3.75 per cent, and 3.9 per cent.

Interest is paid or can be added to the initial deposit at the end of each six-month period and a full withdrawal can be made at the end of the 18-month term. Customers are also able to top-up the deposit at any time in the first six months by up to 50 per cent of original amount invested.

The offer is available for a limited period only. For information call 2248 4513 or e-mail enquiries@iigbank-malta.com.