APS Bank marks one-year milestone of APS Green Term Deposit

Last Updated on Monday, 19 February, 2024 at 9:16 pm by Andre Camilleri

APS Bank is commemorating the successful one-year anniversary of the APS Green Term Deposit, the first fixed-term deposit of its kind in Malta. This innovative financial product channels funds from both personal and commercial customers exclusively into environmentally-friendly projects and qualified green lending initiatives.

Designed for terms extending up to five years, customers enjoy the security of a term deposit account while earning interest on their savings. Simultaneously, their deposits contribute to financing projects that positively impact the environment. Over the past year, APS Green Term Deposit has garnered significant support, attracting over 1,300 accounts and accumulating deposits exceeding €47m.

Matthew Swain, head of Sustainability at APS Bank, stated: “We are thrilled that our customers have embraced purposeful saving through the APS Green Term Deposit. APS Bank remains committed to fostering a sustainable future through groundbreaking financial solutions, empowering customers to make environmentally-conscious choices, while growing their savings.”

To learn more about the APS Green Term Deposit visit apsbank.com.mt/green-term-deposit/

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