Bank of Valletta has today launched a new 5-year Callable Euro deposit account. This new, limited offer, is available until 15 December or earlier at the bank’s discretion.

Speaking about the attractive features of this new euro denominated deposit, Mario Pullicino, Executive Head, Wealth Management at Bank of Valletta said that BOV is responding to an increasing demand for euro products. “The new Callable Deposit from Bank of Valletta is a five year term deposit denominated in euro, maturing on 15 December 2011. It features 100% capital guarantee if the deposit is held until maturity or if it is terminated earlier by the Bank,” said Mr Pullicino.

“The BOV euro five-year Callable Deposit account offers a guaranteed interest rate of four per cent per annum on the deposit until the date of maturity or early termination by the bank,” announced Mr Pullicino. Interest payments are due semi-annually on 15 June and 15 December of each calendar year.

The minimum deposit applicable on this account is o5,000 with further deposits accepted in multiples of e1,000. There are no fees applicable on deposits to this new account.

Mr Pullicino said, “Through the launch of new and innovative products, BOV is continuing to widen the opportunities available to Maltese depositors, offering innovative solutions that continue to add value to the customer”.

Full details together with the relevant terms and conditions may be obtained from BOV’s website – www.bov.com or from any Bank of Valletta Branch. Further information may also be obtained from BOV’s Customer Service Centre on telephone 2131 2020.