BCP/Deutsche Bank Credit Union Deposit 3

The new BCP/Deutsche Bank Credit Union Deposit 3 offers annual deposit interest of 1.0% fixed AER over the 7 year term, which is paid out annually. Deutsche Bank AG is Germany’s largest bank. Over 60 different Credit Unions placed funds in the previous versions of this deposit.

 

• Deposit Interest paid out on 15th December each year
• Deutsche Bank AG Credit Ratings: Moody’s A3, Fitch A-, and S&P BBB+
• Deutsche Bank AG is on the Central Bank of Ireland’s Register of Credit Institutions
• Market cap of €23bn, as at 7th December 2016
• Minimum Deposit €500,000
• Available to Credit Unions and Corporates only
• Closing Date 13th December 2016

 

 

Warning: If you invest in this product, you will not have any access to your money for 7 years.

 

IMPORTANT NOTE: Investments will be held by the Bank as deposits in the name of BCP. In the event of any failure by the Bank to meet its liabilities, as investors are not customers of the Bank, BCP will seek the return of funds on behalf of investors. Investors must deal directly with BCP in this instance.

AER is Annual Equivalent Rate.