Opening and managing the account is free of charge.
Available in EUR and GBP.
In order to withdraw money from a Me Savings Account, one must submit a notice of withdrawal ahead of the notice period linked to that account.
Interest rates are quoted gross of tax on a per annum basis.
No minimum deposit required.
Interest is paid twice a year on the last business day of June and December.
Interest is calculated on the daily cleared account balance and is compounded.
Any interest rate change will come into effect with a prior notice only once the notice period of the specific Me account passes.
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.