03.02.2011
New Investment Deposits in Bank Millennium
Bank Millennium has launched new investment products, which permit an attractive yield to be generated, with full protection of principal: Lokata Inwestycyjna Siła Złota and Lokata Inwestycyjna Perły Parkietu II (2nd edition).
Lokata Inwestycyjna Siła Złota is a product targeted at generating a high yield - up to as much as 36% on an investment period of 18 months (up to 24% per annum). The yield on the deposit depends on the evolution of the price of gold. The final interest rate is the sum total of percentage hikes and drops of the price of gold for individual quarterly periods. The price of gold at the end of a quarter is at the same time the initial price for the next quarter. After each observation the actual percentage increase or drop of gold price will be accrued and on maturity day the yield will be paid as the sum of individual components. If this sum is negative, the customer will receive back the invested principal. The rate of return for individual periods will be limited to +6% in case of a positive value and -6% if the value is negative.
Lokata Inwestycyjna Siła Złota - key dates:
- Subscription period: 01.02.2011 - 28.02.2011
- Investment period: 01.03.2011 - 31.08.2012
- Observation dates: (I) 01.03.2011; (II) 01.06.2011; (III) 01.09.2011; (IV) 01.12.2011; (V) 01.03.2012; (VI) 01.06.2012; (VII) 28.08.2012
Lokata Inwestycyjna Perły Parkietu II (2nd edition) is linked with a basket of six companies listed on the Polish stock market, comprising: PKO BP, PGNiG, PZU, PKN ORLEN, PEKAO, PGE. Lokata Inwestycyjna Perły Parkietu II may generate an attractive yield of 8% per year - assuming that the prices of at least five companies out of the six underlying ones on the day of 2nd observation are equal to or higher than the value from I observation date.
Lokata Inwestycyjna Perły Parkietu II - key dates:
- Subscription period: 01.02.2011 - 28.02.2011
- Investment period: 01.03.2011 - 01.03.2012
- I observation: 01.03.2011
- II observation: 27.02.2012
Important information about the Siła Złota and Perły Parkietu II Investment Deposits:
- Interest rate during the subscription period is 4%
- 100% principal protection at maturity
- If the deposit is terminated before maturity and after start of the investment period, a handling fee shall be charged of 3% of investment value
- Investment currency: PLN
- Minimum investment amount: PLN 1000
- No fees connected with setting-up the Investment Deposit.
Lokata Inwestycyjna deposits can be set-up in Bank Millennium branches anywhere in Poland as well as online in the Millenet Internet banking system.