Bank of Valletta has launched a new, limited offer, deposit opportunity in the form of a 6-year term deposit account guaranteeing an average yearly gross interest of 4.80% on half of the deposit together with the potential of earning an even higher return. Customers may choose to open the deposit either in Maltese liri or in euro.

The BOV Emerging Markets and Commodities Deposit Account will provide a guaranteed average yearly gross interest of 4.80% on half of the deposit, paying attractive rates of interest on each anniversary date.

Depositors may potentially benefit from an even higher return on maturity, since the deposit is linked to the performance of a basket of actively managed funds and indices representing Equities and Commodities. “One of the strengths of this new deposit account remains the fact that commodities are negatively correlated to equities and bonds and perform better in periods of inflation,” added Mr Pullicino.

The minimum deposit for participation in the BOV Emerging Markets and Commodities Deposit Account is of EUR 5,000 or Lm2,000. Any additional deposits (at the time of opening of the account) can be made in multiples of EUR 1,000 or Lm1,000 (as applicable). No fees are applicable for establishing the deposit.

Interested investors are requested to retrieve an application form from any Bank of Valletta branch. This offer is available for a limited time only and may be closed earlier at the Bank’s discretion. Cleared funds will be required prior to opening the account.

Further information about the BOV Emerging Markets and Commodities Deposit Account may be found at any BOV branch, by logging onto www.bov.com or by calling the Bank’s Customer Service Centre on 2131 2020.