Find the Perfect Solution with APS Deposit Accounts

Deposit accounts
DEPOSIT ACCOUNTS

Find the Perfect Solution with APS Deposit Accounts

At APS Bank, we’re committed to offering a vast product portfolio to ensure you find the perfect deposit account that fits your needs.

APS Current Account

A cheque account is a common reference to an APS Current Account. 

To open an APS Current Account:

  • A minimum deposit of €25 is required and;
  • You must be 16+ years of age.

When opening an APS Current Account, you are given the option to apply for myAPS internet and mobile banking service, apply for a chequebook, an APS Debit Card and an overdraft subject to the Bank’s approval. 

APS Savings Account

Strengthen the financial security and the general well-being of your loved ones when it matters most with the APS Savings Account.

To open an APS Savings Account:

  • A minimum deposit of €25 is required and;
  • You must be 16+ years of age.

When opening an APS Savings Account, you are given the option to apply for myAPS internet and mobile banking service and an APS Debit Card.

APS Online Account

The APS Online Account paves way for a more convenient, and efficient way of banking. This type of APS Deposit comes with a favourable interest rate, compared to a savings account, and allows for reduction in the use of paper and more time-efficient.  

To open an APS Online Account:

  • A minimum deposit of €25 is required and;
  • You must be 16+ years of age.

When opening an APS Online Account, you are given the option to apply for myAPS internet and mobile banking service, an APS Debit Card and an overdraft subject to the Bank’s approval. 

Deposit accounts

APS Student Online Account

Broaden and empower your opportunities of achieving a successful career with the APS Student Online Account, which comes with preferential interest rates and more!

To open an APS Student Virtual Account:

  • A minimum deposit of €25 is required and;
  • You must be 16+ years of age.

When opening an APS Student Virtual Account, you can apply for myAPS internet and mobile banking service, an APS Debit Card and for an overdraft (if over 18 years) and subject to the Bank’s approval.

APS Basic Payment Account

The APS Basic Payment Account gives you the flexibility to receive and make payments at your own convenience. 

To apply for an APS Basic Payment Account:

  • You must be legally residing in an EU country and do not hold another Deposit Account in Malta and;
  • You must be 16+ years of age

When opening an APS Basic Payment Account, you are given the option to apply for myAPS internet and mobile banking service, an APS Debit Card to at your convenience.

APS Term Deposit Account

Deposit your funds in a simple, safe, and secure account for a certain amount of time with the APS Term Deposit Accounts!

At APS Bank, we offer one of the most flexible term deposit solutions in Malta.

To apply for an APS Term Deposit Account:

  • A minimum deposit of €1,000 is required and;
  • You must be 16+ years of age.
FREQUENTLY ASKED QUESTIONS

Account support

Yes, you can open a joint account by sending a secure message on myAPS or visiting your nearest branch with the other interested individual.
To open a joint account, you will need to send a secure message through myAPS or visit your nearest branch with the other interested individual.
When an account is not used you will be charged a fee of €20 per annum, as this is considered to be a dormant account. To avoid this charge you need to carry out a withdrawal transaction at least once a year or close the account.
A debit interest rate will be charged on the amount due.
You could update your details in one of the following ways:
  • Update your address via the Settings icon in myAPS desktop
  • Send a secure message via myAPS
  • Visit your nearest branch
You could update your address in one of the following ways:
  • Update your address via the Settings icon in myAPS desktop
  • Send a secure message via myAPS
  • Visit your nearest branch
Please call our Contact Centre on (+356) 2122 6644 to assist you and investigate further. If the transaction is fraudulent our agent will stop your card/s linked to this account.

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Compare the APS Deposit Accounts

Account Type Current Account Savings Account Online Account Student Online Account Basic Payment Account Term Deposit Account
Transactions myAPS (desktop version & app version), APS VISA Debit Card, Cheque book, and Branch  myAPS (desktop version & app version), APS VISA Debit Card, and Branch  myAPS (desktop version & app version), APS VISA Debit Card, and Branch  myAPS (desktop version & app version), APS VISA Debit Card, and Branch  myAPS (desktop version & app version), APS VISA Debit Card, and Branch  myAPS (desktop version & app version) and Branch 
Interest Rates Non-interest Bearing. i) 0.05% p.a up to €500,000 ii) 0.00% p.a over €500,000 i) 0.20% p.a for amounts less than €25,000 ii) 0.10% p.a for amounts €25,000 and over but less than €500,000 iii) 0.05% p.a for amounts more than €500,000 i) 1.5% p.a for amounts up to €5,000 ii) 0.05% p.a for amounts over €5,000 Non-interest Bearing. i) 1 Month: 0.03% ii) 3 Months: 0.05% iii) 6 Months: 0.20% iv) 1 Year: 0.60% v) 2 Years: 1.00% vi) 3 Years: 1.20% vii) 4 Years: 1.30% viii) 5 Years: 1.40%
Age 16+ 16+ 16+ 16 - 30 16+ 16+
Minimum Opening Balance € 25 € 25 € 25 No deposit required. No deposit required. € 1,000
Possibility of Overdraft Yes* No Yes* Yes* (18+) No No
Target Group Individuals and Non-Personal Clients Individuals and Non-Personal Clients Individuals Individuals Individuals Individuals and Non-Personal Clients
Access to Funds Immediately** Immediately** Immediately** Immediately** Immediately** At end of term
Application Process Branch / myAPS (desktop)*** Branch / myAPS (desktop)*** Branch / myAPS (desktop)*** Branch Branch Branch / myAPS (desktop)***

*Subject to Banks' Approval

**Only cleared funds

***Joint accounts can only be opened from the Branch

Please refer to the Tariff of Charges, Fee Information Document and Terms & Conditions available on our website and at the our branches.

Approved and issued by APS Bank plc, APS Centre, Tower Street, B’Kara BKR 4012. APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act. The Bank is a participant in the Depositor Compensation Scheme established under the laws of Malta. Terms and Conditions apply and are available upon request.

Any questions?

Visit our Help Centre for 24/7 support and help documentation

Call on

(+356) 2122 6644

Mon - Sun, 08:00 - 21:00

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