Euro Term Deposit accounts

These Euro Term Deposit accounts are aimed at individuals willing to get into a short-term commitment while earning a higher interest rate than that of a normal savings or current account. The simple terms of these products strikes a good balance between interest rate and duration, as well as an opportunity for individuals to diversify their savings portfolio and earn some extra return.

To open a Term Deposit account, visit your nearest branch.

2.25%-Euro-Term-Deposit-account
Triple-One-Euro-Term-Deposit-account

2.25% p.a. Euro Term Deposit account
Triple One Euro Term Deposit account
2.25% p.a. (Gross of tax) interest payable monthly, quarterly, semi-annually, annually or at maturity 1% p.a. (Gross of tax) interest payable monthly, quarterly, semi-annually, or at maturity
Interest cannot be added to capital and has to be credited to a savings or current account held with APS Bank Ltd Interest cannot be added to capital and has to be credited to a savings or current account held with APS Bank Ltd
Capital fixed for 7 years Capital fixed for 1 year
Minimum deposit €2,000 Minimum deposit €1,000
No fees No fees
During the term of the account, withdrawals are not permissible. Offer valid for a limited period During the term of the account, withdrawals are not permissible. Offer valid for a limited period.

Download brochure

Download brochure

Terms & Conditions
  •     Under NO CIRCUMSTANCES will a breaking of the account be allowed during its term.
  •     The Euro Term Deposit Account is not renewable upon maturity. Funds will be transferred to an account designated by the Term Deposit Account Holder.
  •     Local bankers’ or personal cheques in local currency are to be deposited directly in the funding account/s. Signed instructions are to be taken by the Bank’s staff members to open the Euro Term Deposit Account/s once the cheques are cleared. In cases where such cheques are not cleared, the Euro Term Deposit Account/s will not be opened.
  •     No charges apply on cheques deposited in these accounts.
  •     In so far as not in contrast with the above-stated, the Terms and Conditions issued by APS Bank Ltd governing its Term Deposit Account are also applicable and available upon request.
  •   APS Bank Ltd will aim to meet our customers’ expectations in terms of meeting their needs. However, in those cases where a customer wants to express dissatisfaction, complaints are to be made verbally or in writing to the appropriate branch manager or by phoning the Customer Support Centre on Telephone Number +356 2122 6644 or write to the manager on csc@apsbank.com.mt. The Bank will investigate and, where appropriate and necessary, take immediate action to rectify the situation. All complaints will be acknowledged and the Account Holder will be informed accordingly of the investigation’s outcome. In the event that the Account Holder is dissatisfied with the outcome of the Bank’s investigations, he may direct his complaint in writing to the Office of the Arbiter for Financial Services, 1st Floor St Calcedonius Square, Floriana FRN 1530, Malta. The Office may also be contacted by using Freephone +356 8007 2366 or +356 2124 9245.

 

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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