BCP/Deutsche Bank Credit Union Deposit 2

The new BCP/Deutsche Bank Credit Union Deposit 2 offers annual interest of 1.0% fixed AER (7 year deposit) and 1.25% fixed AER (10 year deposit), which is paid out annually. Deutsche Bank AG is Germany’s largest bank.

• Deposit Interest paid out on 7th November 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 €17bn, as at 6th October 2016
• Minimum Deposit €500,000
• Available to Credit Unions and Corporates only
• Extended Closing Date 3rd November 2016

 

 

Warning: If you invest in this product, you will not have any access to your money for 7 years or 10 years.

IMPORTANT NOTE: Investments will be held by Deutsche Bank as deposits in the name of BCP. This means Investors will have sole recourse to BCP in the event of any failure by Deutsche Bank of BCP to meet its liabilities.

AER is Annual Equivalent Rate.