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% 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. With this latest edition of FIDDA the guaranteed step-up interest is paid in advance, hence investors will be receiving the first year’s interest soon after making the deposit.

“Bank of Valletta is once again providing an excellent investment opportunity for investors with the third edition of the BOV FIDDA Account”, said Charles Borg, Chief Officer, Financial Markets and Investments at Bank of Valletta. “Following the success of the first two editions of the BOV FIDDA Account, the Bank is once again offering a guaranteed income, potential growth and the peace of mind of full capital guarantee through another innovative deposit product”.

The account is available to the general public as from the 4th July 2011 and the offer will close on the 12th August 2011 or earlier at the Bank’s discretion.

Further information can be obtained from either Bank of Valletta’s website www.bov.com or by calling the Bank’s Customer Service Centre on 2131 2020. 

The Bank is a credit institution licensed in terms of the Banking Act, Chapter 371 of the Laws of Malta and regulated by the Malta Financial Services Authority. The BOV FIDDA Account is regulated as a deposit in terms of the Banking Act. Depositors in the BOV FIDDA Account are to note that in terms of the Depositor Compensation Scheme Regulations, the United States dollar and Australian dollar do not fall within the scope of a ‘designated currency’ of any EEA state and therefore such deposits are excluded from the Depositor Compensation Scheme. Accordingly, United States and Australian dollar deposits in the BOV FIDDA Account are not protected under the Depositor Compensation Scheme Regulations.

Terms and conditions apply