Bank of Valletta have announced that it is launching a new term deposit account denominated in Euro with an advantageous rate of interest of 3% per annum. The limited offer commences on Monday, the 19th of October 2009 and will remain valid until 6th November 2009.

Starting from a minimum deposit amount of €5,000, the term account is spread over a 2-year period with interest paid quarterly.

Charles Borg, Chief Officer Financial Markets and Investments at Bank of Valletta explained, "Following the outstanding customer response to the term deposits accounts Bank of Valletta offers, we are launching this new product to offer our customers another opportunity where to invest funds. The new term deposit account is an efficient way to earn an attractive interest rate, offering also the added benefit of receiving interest on a quarterly basis. This is yet another offering by the Bank for the many customers who are choosing Bank of Valletta as the Bank of Choice for deposits."

Full details may be obtained from any Bank of Valletta branch, by logging onto www.bov.com, or by calling BOV Customer Service Centre on 21312020.

This is a limited offer that is available until the 6th November 2009 but may be closed earlier at the Bank’s discretion.

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