Banif Bank just launched a Special 3-Year Term Deposit account paying a minimum guaranteed interest rate of 3.475% gross per annum. This product’s concept is very innovative and advantageous, as apart from offering a superior return, depositors have the added benefit of being able to earn a better interest rate if the rates increase. In addition to this, the rate of 3.475% per annum will always be guaranteed if the rate falls.
Mr. Joaquim Silva Pinto, Chief Executive of Banif Bank commented that, “the Special 3-Year Term Deposit shows Banif Bank’s ability to come up with innovative products but also confirms our commitment to give our clients safe and profitable options. We strongly believe that this is the right way to approach the market and the feedback we are receiving confirms that we are on the right track”.
Although the product is available at all Banif Branches, namely Attard, Gozo, Qormi, San Gwann , St. Paul’s Bay and St. Julian’s, the account can be opened from the Banif stand at the Malta Trade Fair. All those opening the account at the Malta Trade Fair will also be given a gift.
The Special 3-Year Term Deposit is a limited offer which is valid until the 6th July 2009 and requires a minimum opening deposit of €5,000.
Further information can be obtained from all Banif branches and from the Banif stand at the Malta Trade Fair. You can also visit www.banif.com.mt or call on freephone 8007 3200.