Bank of Valletta is launching a new six-year term fund-linked deposit account. Denominated in Euros, the fund-linked deposit account is an innovative investment opportunity that allows investors to combine capital protection with global stock market potential returns.
The fund-linked deposit account brings together the features of fixed interest rates and potential equity-fund returns. Fifty per cent of the deposit is set up as a step-up interest rate structure, paying an attractive rate of interest on each anniversary date, whereas the other 50 per cent is linked to a basket of equity funds, offering the opportunity to participate in the potential growth of
global equity markets.
“At Bank of Valletta, we continue to deliver attractive deposit products that offer long term value to our customers,” said BOV’s wealth management executive head Mario Pullicino.
“While capital remains guaranteed if the deposit is held until maturity, the performance of the fund-linked portion of the deposit is linked to a basket of funds. At the end of each quarter during the life of the deposit, the weighted average perform-ance of the basket of funds will be recorded. On maturity, the final performance will be calculated on the average of the 24 recorded perform-ances,” he explained.
Investors may enter this new fund-linked deposit account with a minimum deposit of e5,000 and multiples of e1,000 thereafter. No entry fees are payable for establishing a BOV fund-linked deposit account.
The fund-linked deposit account offers a guaranteed and attractive interest rate ranging from 2.250 per cent to 4 per cent on 50 per cent of the deposit, if held until maturity. Interest on the remaining 50 per cent of the deposit is linked to 75 per cent of the performance of the basket of investment funds.
Full details are available in the product brochure, which is available at all Bank of Valletta branches in Malta and Gozo.
Further information may also be obtained from the BOV Customer Service Centre on 2131-2020 or from the Bank’s website www.bov.com