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Fixed Term Deposit
You’re the kind that keeps your eyes on the ball. Perhaps you’re saving up for something big, new wheels, or maybe your dream home?
Interest Rate
0.05% – 2.55%
Duration
3 Months – 5 Years
Interest Frequency
Monthly, quarterly, semi- annually or annually
Why a Fixed Term Deposit Account?
A Fixed Term Deposit Account gives you the opportunity to enjoy higher interest rates on your savings over a set time period.
It’s an ideal way to safely grow your money if you’re planning for a long-term objective like buying a property or organising a wedding.
Rates
|
TERM
|
EUR
|
GBP
|
USD
|
AUD
|
CAD
|
NOK
|
|---|---|---|---|---|---|---|
|
3 months
|
1.00%
|
0.10%
|
0.05%
|
0.05%
|
0.05%
|
0.05%
|
|
6 months
|
2.50%
|
0.15%
|
0.10%
|
0.10%
|
0.10%
|
0.05%
|
|
1 year
|
2.55%
|
0.15%
|
0.15%
|
0.15%
|
0.15%
|
0.10%
|
|
2 years
|
2.30%
|
0.15%
|
0.20%
|
0.15%
|
0.20%
|
0.15%
|
|
3 years
|
2.35%
|
0.20%
|
0.20%
|
0.20%
|
0.30%
|
0.18%
|
|
4 years
|
2.40%
|
0.30%
|
0.20%
|
0.20%
|
0.30%
|
0.20%
|
|
5 years
|
2.40%
|
0.35%
|
0.20%
|
0.20%
|
0.30%
|
0.25%
|
Important Information
Opening and managing the account is free of charge and can be opened with a minimum of 100 in the currency of denomination.
Interest rates are quoted gross of tax on a per annum basis and guaranteed for the entire term, and will remain unchanged regardless of changes in market interest rates.
You can choose to have interest paid quarterly, bi-annually or annually. Interest for the 6 month account will be paid at maturity.
For accounts with a balance of 20,000 or more, in the currency of denomination, you have the additional option for interest to be paid monthly.
Withdrawals may be made only upon maturity of the account, and early withdrawals are not permitted. If a withdrawal is made, the rate will not be achieved.
The Bank and its products are regulated by the Malta Financial Services Authority.
Deposits are guaranteed up to €100,000 per depositor per credit institution under the Malta Financial Services Authority Depositor Compensation Scheme.
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Frequently Asked Questions
How do I open an account?
If you already hold an account with MeDirect opening additional accounts is quick and easy. Just Log In to your account, click on 'Open an Account', and follow the steps indicated on screen.
If you are not a client of MeDirect you will need to choose 'Become a Client' and follow the steps indicated on screen. Once your application is confirmed, you will just need to Log In, click on 'Open an Account' and follow the steps indicated on screen.
Are there any fees to open and maintain an account?
No charges are applicable to open and maintain an account with MeDirect. For more information about fees please read our Tariffs & Charges Schedule for Banking Services.
How can I deposit funds in my account?
You can deposit funds by instructing a bank transfer from an external bank account to your MeDirect account. We also accept deposits by means of cheques and bank drafts.
More FAQs
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