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New Flexible Term Deposit from Banif Bank


13 July 2011

Innovation, flexibility and guaranteed deposit solutions are all associated with Banif Bank, the Maltese bank which has provided a new array of banking products and services through a differentiated banking approach.

For a limited time period, Banif Bank is offering another term deposit opportunity for the local market. The Flexible Four Term Deposit is a 4-year term with a guaranteed interest rate of 4% gross per annum. This term deposit does not only stand out for its excellent rate, but also for the flexibility it offers. Being a Bank that strongly believes in rewarding its clients, Banif also offers the active clients subscribing to this account, the possibility to deposit additional funds in their account during the first year of term, which amount cannot exceed the amount of the initial deposit made.

Furthermore, should the account holder need to withdraw the full amount of the term deposit before the end of term, all the capital will be paid back and such account holder will still benefit from part of the interest if the money is withdrawn after the first year.

The Flexible Four Term Deposit can be opened with a minimum deposit of €2,500 and the balance can go up to a maximum of €250,000.

More information about this offer and the wide range of products available from Banif can be obtained from any Banif branch or by calling 2260 1000. Alternatively, one can also visit the Bank’s website.

 

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