Bank of Valletta is to introduce a new term deposit account denominated in euros with an advantageous rate of interest of three per cent per annum.

The limited offer starts tomorrow and remains valid until 3 April, or earlier, at the bank’s discretion.

The term account is spread over a 30-month period and the interest is paid on a quarterly basis. Customers can open an account with a minimum deposit amount of €5,000. In a market environment of prolonged low interest rates, this term deposit account offers an attractive rate of interest.

Speaking about the new deposit account, Charles Borg, Chief Officer Financial Markets and Investments at Bank of Valletta commented: “Bank of Valletta is offering another short-to-medium term deposit opportunity that promises to be a very advantageous offering with beneficial interest rates and an interest repayment period every three months. Following the encouraging response to similar deposit accounts launched by the bank last year, we are confident that customers and investors will continue to reaffirm Bank of Valletta’s position as the bank of choice for deposits.”

For further information, customers can call at any branch, log onto the website www.bov.com or call the Customer Service Centre on 2131 2020.