Banif Bank rolls out a new term deposit account

September 6, 2012
June 20, 2023
Banif Bank rolls out a new term deposit account

Banif Bank has rolled out a new Special Term Deposit account that offers clients 4.125% gross interest annually on a 4-year euro Term Deposit. The minimum deposit amount is €5,000. The Bank is also offering excellent rates on 4-year term deposits in USD, GBP and AUD. Moreover, if clients hold a credit card, loan, savings scheme, Salary or Direct Salary Account with Banif, they can also place additional funds in the account during the first year and still enjoy the 4.125% interest rate.

Banif is also rewarding customers who hold a Salary or Direct Salary account with a €50 voucher for every €5,000 deposited in the Special Term Deposit (or for the same amount in other currencies). Account holders can choose from a range of vouchers that are redeemable at Arkadia Commercial Centre in Gozo, La Vigna, PAVI Supermarket or The Point, Tigné. Clients can also choose a €50 discount on a Smartphone from GO or 2 free months of GO’s Home Pack Interactive with free interactive HD box. Alternatively they can choose 4 free months of GO’s On the Move 12GB mobile internet with a free mobile Wi-Fi device.

“Banif Bank is consolidating its position as the ideal partner for all banking needs,” said Dirk Spiteri Lucas, Head Product Strategy Unit at Banif Bank (Malta) plc. “Our term deposits offers are very popular, and we’re expecting our latest offer to generate a great deal of interest from the market. This time we’re also adding the free vouchers that can be used to buy a variety of goods and services from leading brands. We believe in giving customers an advantageous return on their deposits, added value to reward their loyalty, innovative product features and dedicated customer service.”

Terms and conditions apply.  The offer is limited until end September 2012 but the Bank reserves the right to close the offer before, at its discretion. More information can be obtained by visiting, by calling Customer Care on 2260 1000 between 8 am and 8 pm or by visiting any Banif Bank branch across Malta and Gozo.  -End-