New Euro Callable deposit from BOV

Bank of Valletta has launched a new 5-year Callable Euro deposit account, will be available to the general public until 15 December 2006 or earlier at the bank’s discretion. Mario Pullicino, executive head for wealth management at Bank of Valletta said that BOV is responding to an increasing demand for euro products. “The new Callable Deposit from Bank of Valletta is a five-year term deposit denominated in euro, maturing on the 15 December 2011. It features 100% capital guarantee if the deposit is held until maturity or if it is terminated earlier by the bank. The BOV euro 5-year Callable Deposit account offers a guaranteed interest rate of 4% per annum on the deposit until the date of maturity or early termination by the bank.”
Interest payments are due semi-annually on 15th June and 15th December of each calendar year. The minimum deposit applicable on this account is euro 5,000 with further deposits accepted in multiples of EUR 1,000. There are no fees applicable on deposits to this new account.
“Through the launch of new and innovative products, BOV is continuing to widen the opportunities available to Maltese depositors, offering innovative solutions that continue to add value to the customer,” Pullicino added.