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Important Information

There are several important things to remember about our Term Deposits

  1. You require €10,000 minimum balance to open a Term Deposit account.
  2. Our interest rates are applicable to deposits of up to €100,000 per person. Interest rates for deposits exceeding €100,000 will be quoted on request.
  3. Interest will be paid annually on the anniversary of deposit.
  4. No deposits in cash are accepted, please deposit via cheque or bank transfer.
  5. Funds withdrawn early will be subject to an administration charge and penalty interest.
  6. Deposits are not transferable.
  7. You may choose the option of a 15% final withholding tax deduction.
  8. This product is only available to residents of Malta.
  9. At its sole discretion the Bank may accept partial or complete breaking of the Term Deposit on your request. In this event you may have to forfeit any interest accrued to date.
  10. Izola Bank p.l.c. is a participant in the Depositor Compensation Scheme established under the laws of Malta, which guarantees deposits denominated in EUR and any EEA currency up to €100,000 or equivalent. Terms and Conditions apply.
  11. Please do view our full TERMS & CONDITIONS of this product.