Bank of Valletta has launched three new term deposit accounts offering full capital guarantee and an attractive rate of interest.

The 24 month Term Deposit Account attracts an interest rate of 2.75% p.a. payable monthly, while the 30 month Term Deposit Account pays interest at 3.00% p.a. every quarter. The longest term of the three accounts, with a 36 month term, offers an interest rate of 3.125% p.a., with interest payable quarterly. The minimum deposit for each account is €1,000.

“These new deposit accounts are for investors seeking short to medium term investment with an increasing interest rate according to the term of the account”, said Charles Borg, Chief Officer Financial Markets and Investments at Bank of Valletta. “The attractive interest rates are coupled with the guarantee of a full capital return upon maturity, which capital is being invested with a strong local financial institution that has achieved a very positive result during the latest EU bank stress test”.

These offers open on 12 September 2011 and will be available to the public until the 31 October 2011 or earlier at the Bank’s discretion.