Bank of Valletta announces changes in interest rates on customer deposits

Tista' taqra bil- Malti.

Bank of Valletta would like to inform its esteemed customers that it will be changing its credit interest rates.

The new interest rates will be applicable to Fixed Term Deposits opened or renewed as from the 3rd December 2019; the interest rates on existing term deposits will remain valid until maturity. Interest rates on other deposit accounts will change with effect from the 3rd February 2020.

Bank of Valletta has retained the same interest rates for the past two years despite rising negative rates, choosing to absorb most of the impact of negative interest costs on deposits rather than passing them on to all of its customers.

The revised interest rates can be found on the BOV website.

This content was supplied by Bank of Valletta