Bank of Valletta said today that the response to its 18-month euro term deposit account, featuring an advantageous rate of interest of 4.4% gross per annum, was excellent.

“Customers have responded well to the most attractive deposit opportunity that we launched last week,” said Charles Borg, Chief Officer, Financial Markets and Investments at Bank of Valletta. “We have put this product on the market so as to offer added value to our customers and to continue reinforcing our strategy of regularly introducing attractive deposit products that feature highly beneficial interest rates,” added Mr Borg.

Besides the interest rate of 4.4% gross p.a., payable every six months, the BOV deposit opportunity in euro also offers customers peace of mind since both the interest rate and the capital are fully guaranteed.

This account is the first new deposit opportunity that BOV launched this year, consolidating BOV’s position as the number one bank for customer deposits in Malta.

The bank said that it will keep offering this product up to today.

More details about BOV’s range of deposit opportunities can be obtained from any Bank of Valletta branch, by logging onto www.bov.com or by calling on tel. 2131-2020.