Bank of Valletta has launched a new edition of ‘The BOV FIDDA Account’, a six-year term deposit offering access to diverse markets globally and the peace of mind of guaranteed capital and income. 

The BOV FIDDA Account is a structured deposit account denominated in euro, US dollars, Pound Sterling or Australian dollars. This account offers a 100 per cent capital guarantee if held until maturity, with attractive step-up interest rates on half of the deposit, plus a potential Bonus Interest on the remaining half of the deposit, linked to the performance of four international stock market indices payable on maturity.

“Following the success of the first BOV FIDDA Account launched last January, Bank of Valletta is launching a new version of this product to give depositors another opportunity to earn an annual and increasing income, while benefiting from potential growth in markets worldwide,” said Charles Borg, Chief Officer Financial Markets and Investments at Bank of Valletta. “This new account consolidates BOV’s position as a leader in innovative deposit products in Malta.”

“In relation to this new account, depositors can also take advantage of financial planning services provided by Bank of Valletta’s financial advisors,” continued Mr Borg. “All of the bank’s financial advisors have received specific training on the features of the FIDDA Account (April Edition) in order to enable them to deliver a superior service to existing and prospective depositors.”

The account is available to the general public from 14 March and the offer will close on 8 April, or earlier at the bank’s discretion.