Bank of Valletta has launched ‘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 and Pound Sterling. This account is 100% capital guaranteed, with guaranteed and attractive step-up interest rates on half of the deposit, plus a potential Bonus Interest of 24% on the remaining half of the deposit linked to the performance of four international stock market indices payable on maturity.
Depositors are being offered the opportunity to earn an annual and increasing income during the entire term of the Deposit and also benefit from the potential growth in geographically diverse markets (these markets being Europe (Eurozone), UK, Canada and Australia), together with the protection of a full capital guarantee at maturity.
Interest rates range between 4.00% and 5.25% for Euro, 3.5% and 4.75% for US Dollars and 3.75% and 5% for Pound Sterling. Minimum deposits in each currency are of EUR 2,000, USD 2,000 and GBP 2,000 and multiples of 100 for each currency.
The account is available to the general public from the 10th January 2011 and the offer will close on the 4th February 2011 or earlier at the Bank’s discretion. The account matures on the 7th February 2017.
Further information can be obtained from Bank of Valletta’s website www.bov.com [1] or by calling the Bank’s Customer Service Centre on 2131 2020.
Bonus Interest of 24% is payable on maturity, provided that the level of each of four major stock market indices on the Final Valuation Date is equal to or higher than the respective level on the Initial Valuation Date. The four stock market indices are the FTSE 100 Index (UK), the Dow Jones Euro Stoxx 50 Index (Europe), the S&P ASX 200 Index (Australia) and the S&P TSX 60 Index (Canada). Terms and conditions apply.