MeDirect is offering withdrawal notice savings accounts with a variety of benefits. These accounts provide a range of interest rates which vary according to the withdrawal notice period and the currency chosen. They are a sensible choice for those looking to grow their savings whilst still wanting to have quick and easy access to their money.
The Me3 Savings Account has a gross interest rate of 0.5 per cent per annum when saving in Euro and 1.75 per cent per annum when saving in Pound Sterling. As the name suggests, this account requires a three-month notice for withdrawals. Similarly, the Me6 Savings Account offers a gross interest rate of 1 per cent and 2 per cent per annum on the EUR and GBP account respectively. Withdrawals from this account require a six-month notice.
MeDirect also offers the Me12 Savings Account, where a 12-month withdrawal notice is required to access funds. Customers who opt for this account will receive gross interest of 1.75 per cent per annum when saving in EUR and 2.5 per cent per annum when saving in GBP.
Interest on all Me Savings Accounts is paid twice yearly, at the end of June and December. There is no minimum deposit required to open the accounts and deposits can be made at any point in time, making these accounts suitable for anyone wishing to contribute to their savings. Through a calculator on MeDirect's website, you can see how much interest you will receive over different periods of time based on the amount deposited.
Opening one of the Me Savings Accounts is a straightforward process. Existing clients need only log-in to MeDirect’s secure website and click on “Open an account”.
If you are not a customer you can visit one of MeDirect's branches located in Sliema, Paola, Mosta and Rabat (Gozo) or apply for an account online. You just have to click on the ‘Become a Customer’ button on www.medirect.com.mt and follow the steps.
No fees are charged to open the account, and requests for withdrawal can be submitted online or at any MeDirect branch.
These products are regulated by the Malta Financial Services Authority. All deposits of up to €100,000 per depositor are guaranteed under the Malta Financial Services Authority Depositor Compensation Scheme. Terms and Conditions apply and are available upon request at any MeDirect branch or from MeDirect’s website.
MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371) and the Investment Services Act (Cap. 370).