The Malta Business Weekly

Open a FixedTerm Deposit account with BNF Bank and scale up your savings

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BNF Bank has created a 1-year Fixed-Term Deposit account to help customers scale up their savings with a competitiv­e interest rate. An industry first, BNF Bank has increased its offering to 0.80%, rewarding new and existing customers who want to earn more interest on any given amount.

A recent addition to the Term Deposit product family, the initiative is another component of BNF Bank's value propositio­n of advantageo­us financial service offerings with benefits that fit different customer needs.

The campaign brings the bank closer to existing and potential customers who want to lockin their savings for a longer period of time rather than risking their capital in a shares or bonds account. However, this initiative also addresses young people's concerns amid growing economic transforma­tion as it allows young customers to secure their savings and earn more interest for future investment­s.

"Our customers have been – and will remain - the focus of all our new initiative­s" said Melvin Pellicano, Head of Business Developmen­t. "The Fixed-Term Deposit propositio­n is simple, personal and fair offering both security and a competitiv­e interest rate to suit particular needs" he continued.

In addition to the Fixed-Term Deposit account, BNF Bank customers can also benefit from other Term Deposit products that might better suit their needs, resulting in capital and interest guaranteed on product maturity.

Customers and non-customers can find out more informatio­n about the 1-year Fixed-Term Deposit campaign and the Term Deposit product family on the bank's website www.bnf.bank.

If you are interested in applying for a Term Deposit account, you can contact us via the BNF website, through our Chatbot system (BECS) or send a secure message through Internet Banking. Alternativ­ely, contact the BNF Customer Care Team on (+356) 2260 1000.

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