Current Affairs
BOV announces change to interest rates on Fixed Term Deposits

In a statement, Bank of Valletta announced a change in its interest rates on deposit accounts.

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.

The statement also said that Bank of Valletta had 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 interested rates could be found on www.bov.com.

Other News
Current Affairs

MP Claudio Grech has presented Speaker Anġlu Farrugia with a report of the last year of work by the Save a Life Foundation, which the MP had set up together…

Current Affairs

In the wake of a record number of tests carried out at swab centres in the past hours, Prime Minister Robert Abela visited the Pembroke centre which has been operational…

Current Affairs

The Mount Carmel Hospital Administration wishes to advise the public that all preventive measures are being taken in order to ensure the safety of residents at this hospital. For this…

View More