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BCP/Deutsche Bank 7 Year Credit Union Deposit (Issue 8)

The new BCP/Deutsche Bank 7 Year Credit Union Deposit (Issue 8) offers interest of 1.7% fixed AER in year 1 and 1.0% fixed AER in years 2 to 7, which is paid out annually over the 7 year term. Deutsche Bank AG is Germany’s largest bank. This deposit rate represents a significant premium over those offered by other Banks, many of which are now at zero or even negative. 

  • 1.7% Fixed Deposit Interest paid out in year 1
  • 1.0% Fixed Deposit Interest paid out in years 2 to 7
  • Deposit Interest paid out in July each year
  • Deutsche Bank AG Credit Ratings is A3 (Moody’s)
  • Market cap of €23bn, as at 3rd April 2018 [Source: Bloomberg]
  • This Deposit ranks ahead of the Senior Bonds of the Bank
  • Available to Credit Unions, Religious Orders, Friendly Societies, Charities, and Corporates only
  • 7 year Term, Minimum Deposit €500,000
  • Closing date 26th June 2018

 

 

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

AER is Annual Equivalent Rate. Credit ratings: Source Bloomberg correct as at 3rd April 2018.