Credit Unions

crediotunion.jpg

Designed for Credit Unions but also available to Charities, Religious Orders and Corporates.

BCP/Barclays 10 Year Credit Union Deposit Bond (Issue 6)

BCP is delighted to launch the new BCP/Barclays 10 Year Credit Union Deposit Bond (Issue 6) which offers a minimum AER of 0.35% and a maximum AER of 0.50% over 10 years. The credit ratings for Barclays Bank Ireland plc are A+ (Fitch) and A (S&P). The closing date is Friday 21st February

Key Features

  • Minimum AER 0.35% and Maximum AER 0.50%
  • Deposit with 100% Capital Security at maturity from Barclays Bank Ireland plc
  • 0.50% deposit interest paid out at the end of years 1 to 7
  • 0.50% deposit interest paid out at the end of years 8 to 10 IF the Euro Stoxx 50 Index is equal to or above the initial valuation at the annual valuation dates
  • Memory feature means that if you miss an interest payment at the end of years 8 and/or 9, you get it back in future years as long as the Euro Stoxx 50 trades at or above the Initial Level on one of the future annual valuation dates
  • 10 year term
  • Available to Credit Unions only
  • Minimum Investment is €500,000
  • Closing Date is 21st February 2020

Warning: If you invest in this product you will not have any access to your money for 10 years. Warning: Past performance is not a reliable guide to future performance. Warning: If Barclays Bank Ireland plc were to default, you will lose some or all of your investment and potential interest. The payment of Deposit Interest at the end of years 8 to 10 is not guaranteed; any payment will depend on the performance of the Index.

AER is Annual Equivalent Rate. Credit ratings correct as of February 2020.