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SuperDuet
SuperDuet is an exceptionally attractive mix of a high-yield term deposit and mutual fund.
Benefits
SuperDuet is an exceptionally attractive mix of high-yield term deposit and mutual fund.
A very attractive interest rate on your deposit, up to 7% per annum on 12-month deposit
You can set up a SuperDuet Deposit with as little as PLN 2000 divided as follows:
50% the funds allocated for a 3-, 6- or 12-month deposit,
50% of funds invested in a selected Millennium FIO subfund:
- Stable Growth Sufund
- Balanced Subfund
- Equity Subfund
- Dynamic Caps Subfund
- Deposit Subfund
For more information about Millennium TFI funds
SuperDuet means:
- a very attractive interest rate on your deposit, even up to 7% per annum on 12-month deposit,
- flexibility - you can freely change subfunds within SuperDuet's duration without capital gains tax (the tax is paid only upon redemption of the participation units),
- no subfund conversion fees,
- liquidity - money can be withdrawn from the fund at any time with no fees charged.
You decide:
- how long the deposit period will be
- which of the available Millennium subfunds your money will be invested in. You can choose one of the subfunds depending on the expected profitability, planned investment horizon and tolerance for temporary fluctuations of share prices.
Product is available also by Millenet.
A Fund participant's individual net rate of return depends on the date of sale and date of redemption of participation units and handling charges paid as well as deducted capital gains tax. Information about the Fund, including a description of the risk factors, is contained in the prospectus and its summary, which are available together with the Fund's fee table from branches of Bank Millennium S.A. and the principal office of Millennium TFI S.A., at Żaryna 2a Str. in Warsaw as well as online at www.millenniumtfi.pl. The Fund may invest in excess of 35% of its assets in securities whose issuer, surety or guarantor are: the State Treasury, NBP, a Polish local authority, an EU Member State, a local authority of an EU Member State, an OECD Member State or an international financial institution whose membership includes Poland or at least is one EU Member State.
Investing in a Fund involves the risk of a loss. A Fund does not guarantee the attainment of one's investment objectives or a specific investment result. Due to the composition of the investment portfolio the value of a Fund's net assets of as well as the value of its participation units is subject to high volatility.
Money kept on the SuperDuet is guaranteed in keeping with the Act on Banking Guarantee Fund. The 100% guarantee covers deposits up to the equivalent in zloty of EUR 100 000. The protection is for registered deposits of natural persons, in keeping with art. 2 item 1) of the Act.
Interest Rate
An attractive fixed interest rate up to 7% per annum on 12-month deposits, much higher than on traditional banking deposits.
Allocation: | Subfund name | 3 months | 6 months | 12 months |
|---|---|---|---|---|
| 50% deposit + 50% subfund | Stable Growth Balanced Equity Dynamic Caps | 6% | 6,25% | 7% |
| 50% deposit + 50% subfund | Deposit | - | - | 5,25% |
If redemption of investment unit will take place before maturity of time deposit connected with those funds, interest rates on time deposit will be decreased to level 4,00% for all period of deposit.
Table of TFI charge
How to open ?
Visit any Bank Millennium branch to set up a SuperDuet or do it in the Millenet on-line banking system.
How to set up a SuperDuet in Millenet?
- log on to Millenet,
- select the option Term Deposits/New SuperDuet,
- enter the amount, select the type of deposit, select the type of subfund and then click Accept,
- go the next screen and select Send to accept the details of your deposit,
- SuperDuet is open!