Home Malta Winds Bank of Valletta announces changes in interest rates on Customer Deposits

Bank of Valletta announces changes in interest rates on Customer Deposits

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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 3 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 3 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 www.bov.com.

The post Bank of Valletta announces changes in interest rates on Customer Deposits appeared first on maltawinds.com.

Original article found on Malta Winds

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