With effect from tomorrow, Bank of Valletta will be offering Maltese depositors a unique opportunity with a new, limited offer – an 18-month term deposit paying a gross interest rate of 4.45 per cent per annum.

The new 4.45 per cent term deposit account from Bank of Valletta can be opened with a minimum deposit of Lm2,000 and multiples of Lm100 thereafter. Interest is payable every six months. There are no fees for opening a term deposit account. This is a limited offer that is available until 12 July but which may be closed earlier at the bank’s discretion.

As with all other bank deposits, all deposit accounts opened under this limited offer will be automatically converted into euro on 1 January 2008 at the Lm/euro irrevocable fixed convergence rate.