FIMBank plc launches new fixed-deposit product

11.06.2009

FIMBank plc has announced the launch of the Flexi-Term Deposit Account, a two year fixed deposit account with an option to extend for a third year. The account is denominated in Euro and pays interest every twelve months.

Commenting on this new product, Armin Eckermann, FIMBank's Head of Banking stated that "following the success of our recent Bond Issue and the overwhelming positive reaction from the Maltese investing community, the Bank has developed this fixed term deposit product which offers a guaranteed 3.25% for the first and second year, rising to 4% in the optional third year".

Investors have the option of choosing whether to commit to the third year by giving sufficient advance notice. The minimum deposit amount attached to this product is of EUR15,000, while the offer is valid until the 15 July 2009. FIMBank also offers premium rates for US Dollar and Pound Sterling deposits. Further information can be obtained from www.fimbank.com

---