BCP/Deutsche Bank Credit Union Deposit 5

The new BCP/Deutsche Bank Deposit 5 offers annual interest of 0.65% fixed AER (5 year deposit) and 1.0% fixed AER (7 year deposit), which is paid out annually. Deutsche Bank AG is one of Germany’s largest bank. Over €215m has been placed in this deposit series since last September.

 

• Deposit Interest paid out on 16th March each year
• Deutsche Bank AG Credit Ratings: Fitch A, Moody’s A3 and S&P BBB+*
• Market cap of €25bn, as at 10th February 2017
• Minimum Deposit €500,000
• Available to Credit Unions, Charities and Corporates only
• Closing Date Next Wednesday 15th March 2017

 

 

Warning: If you invest in this product, you will not have any access to your money for 5 or 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. * Correct as of 10th February 2017. Source: Bloomberg.