Bank of Valletta has announced that, with immediate effect and until further notice, it is offering higher interest rates on one and two-year fixed deposits. Following this announcement, customers opening a fixed deposit account can earn up to 3.75 per cent gross interest per annum on a two-year fixed deposit with a balance of more than Lm10,000.

These new interest rates offers on one and two-year fixed deposits follow the recent decision by the Central Bank of Malta to raise the central intervention rate by 25 basis points, and represent increases of up to 0.75 per cent on the interest rates that were being offered before the change in the base rate.

More information is available from any BOV branch, the bank’s website www.bov.com or from BOV’s Customer Service Centre on telephone 2131-2020.