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BCP/Deutsche Bank Credit Union Deposit 10

BCP/Deutsche Bank Credit Union Deposit 10

The new BCP/Deutsche Bank Credit Union Deposit 10 offers interest of 1% fixed AER in years 1-7, 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% Fixed Deposit Interest paid out in years 1 to 7
  • Deposit Interest paid out in May 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
  • 7 year Term, Minimum Deposit €500,000
  • Extended Closing date, 18th May 2018

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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.