Deposit Accounts

Herunder is a list of the various deposit accounts available from APS Bank.

Current Account

A current account is also referred to as a cheque account. Cheques are still a very popular method of payment offering convenience for the account holder. APS Bank cheques are recognised and accepted by all local businesses. The minimum deposit required to open a current account is €250.


When opening a current account, the account holder has the option to apply for APS Bank’s 365 Online service, through which the account may be managed 24 hours a day, 7 days a week via the Bank’s online service. Current Account holders also receive APS Bank’s Premier Card. This is a local debit card that may be used to withdraw cash and effect deposits from the Bank's entire ATM network and Bank of Valletta ATMs (does not apply to BOV Advanced Deposit ATMs). The APS Bank Premier card may be also used to effect purchases from any retail outlet displaying the Premier/Cashlink sign.


[Download] Current Account - Terms & Conditions [Download] Dishonoured Cheques Code of Conduct



Savings Account

APS Bank’s Savings Account has been developed to strengthen the financial security and the general well-being of your loved ones when it matters most. Also referred to as the ‘Lifeguard Account’, this is an insurance linked savings account, where the Bank doubles the balance of the account in the event of the account holder's demise (conditions apply).


When opening a savings account, you will have the option to use APS Bank’s 365 Online service, whereby the funds deposited in the account can be managed 24 hours a day, 7 days a week through the Bank’s website service. The minimum deposit required to open a savings account is €25.


[Download] APS Savings Account -Terms & Conditions


Savings Bonanza Account

The APS Savings Bonanza Account offers the same benefits of our traditional Savings Account with the exception that the account holder must accept to give the Bank three days notice before withdrawing funds from the account. Interest is credited on a monthly basis. Minimum deposit to open a savings bonanza account: €25


[Download] APS Savings Bonanza Account - Terms & Conditions


Virtual Account

Our virtual account is the first step to a more modern and efficient way of banking with more convenience for our customers and less paper and time wastage. It also offers a more attractive interest rate on deposits. Learn more.


Star Account

If you want to start saving for your children's future you may want to consider opening an APS Star Account. Getting started early is the best way to save for your childrens' future and get them started when they are 18. The account holder will be the child, however the account may not be accessed until the person is at least 16 years old. The account holder may decide to extend the account lifetime by an additional 2 years, closing the account by the time they are 18. Learn more.


Teen Plus Account (available only for existing First Coin Account customers)

Teen Plus is an account tailor-made for teenagers aged between 13 and 18 years to provide a short to medium term savings proposition in their formative years. We have designed the product to adapt to the financial needs of a teenager. Learn more.


Term Deposit Accounts

Funds witheld in a term deposit account may be held for a period ranging from 1 to 60 months. When the term is over money can be withdrawn or it can be held for another term. Generally speaking, the longer the term, the better the yield on the money will be. Upon the client's instructions interest can be added to capital or credited to a savings/current account.


[Download] Term Deposit Accounts - Terms & Conditions


Term Deposit Accounts Denominated in Different Currencies

Periodically, the Bank issues Term Deposit Accounts denominated in different currencies, carrying attractive interest rates. These accounts are offered on a "first-come, first-served" basis. Current offers are listed below:


Structured Term Deposit Accounts

A structured deposit is a fixed deposit account, where the capital is fully protected by APS Bank Ltd and falls under the terms of the Depositor Compensation Scheme. Depending on the terms and conditions of each particular tranche, part or all of the return is linked to the performance of an underlying financial instrument, such as market indices, equities, or commodities. These products are available in limited offers and in various currencies. Structured deposits are becoming increasingly popular with investors, both internationally and locally, who would like to take advantage of economic and market trends while maintaining protection on capital. Learn more about the APS Kapital Plus Deposit Account.


Individual Savings Account

Start putting money aside to supplement your retirement. The APS Fixed Individual Savings Account is not subject to the 15% Withholding Tax and it gives you the security of a fixed rate of interest guaranteed for the whole term. Learn more.


Cash and cheque deposits can be made

  • at any APS Bank branch
  • at any APS ATM / Express Deposit Machine
  • at any Bank of Valletta ATM (does not apply to BOV Advanced Deposit ATMs)


Questions and Answers

Booking an appointment is easy, just click on the buttons below to set up your appointment and we will get back to you soon after to confirm your meeting. APS Bank staff members will assist you in taking the right decisions that are in your own best interest. Deposit Accounts Terms and Conditions are availble upon request.


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APS Bank Ltd is licensed to undertake the Business of Banking and to conduct Investment Services business by the Malta Financial Services Authority and is enrolled in Tied Insurance Intermediaries List under the Insurance Intermediaries Act 2006