Bank of Valletta said today that it is launching a new, term deposit account denominated in euro with an interest rate of 3.25% per annum. The limited offer commences on Friday and will remain valid until April 9, or earlier at the bank’s discretion.

Starting from a minimum deposit amount of €5,000, the term account is spread over a 30-month period with interest paid on a monthly basis and capital guaranteed, BOV said.

Charles Borg, Chief Officer Financial Markets and Investments at Bank of Valletta said that an added feature was that interest would be paid monthly .

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