FIMBank announces new, market leading interest rates

FIMBank plc has announced new and market leading interest rates for its Euro fixed term deposits, for retail customers. This latest development continues to enhance the Bank’s value proposition as it sustains its local roots to become more relevant to the Maltese market.

The rates for retail customers start at 0.70% for three month deposits, going up to 0.75% per annum for the six month option, and rising to 1.40% for fixed term deposits of one year. Three year term deposits carry an interest rate of 1.60%. All interest rates are on a gross per annum basis.

An account may be opened via the Easisave portal by accessing www.easisave.com. Easisave offers these market leading interest rates and would require a minimum amount of EUR 1,000 to open a fixed term deposit. An account on easisave.com can still be opened without having a fixed term deposit in place and clients can benefit from a competitive interest rate of 0.4% per annum. The easisave.com portal allows clients to open an account without visiting the Bank, enabling convenience.

Clients may opt to open a FIMBank Classic Fixed Term Deposit where customers can schedule an appointment to visit the Bank’s head office in the central area of St. Julian’s. The minimum amount for a FIMBank Classic Fixed Term Deposit is that of EUR 10,000.

Apart from the market leading interest rates, FIMBank is now offering Maltese residents the convenience where the Bank’s representatives collect the account opening documentation directly from one’s home or office, rather than having to send documents through the postal service. This service applies for those wishing to open an Easisave account, as those opening a FIMBank Classic Fixed Term Deposit will have the documentation settled at the Bank’s head office.

For the various fixed term deposit options available, the Bank is also offering a welcome bonus of EUR 25 which is applicable for new customers only. Terms and conditions can be viewed on either of the Bank’s websites www.fimbank.com and www.easisave.com.