New Investment Plans in Bank Millennium’s offering

The new Millennium Investment Plans have been prepared with a view to various investment styles and preferences of customers. They can be bought, started-up and managed in a very simple, intuitive and friendly way. When setting-up the plan customers can define a standing order, which allows regular automatic additional payments to be made to the plan of choice and encourages regularly putting money aside.

- Our earlier Investment Plans were extremely popular; by end of September 2021 customers opened 61,000 plans and accumulated more than 1.5 bn PLN in them. This induced us to create new investment strategies, which are more flexible and offer more opportunities. We have also made them available in the mobile app, so they are available to customers in the most convenient way, anywhere and at any time. Customers can withdraw the money invested in the plan at any time; the duration of the investment is entirely up to the customer. We want to develop the offering in this direction because we see that customers reach for such solutions readily – said Robert Chorzępa, Head of Savings and Investment Products Sub-unit in Bank Millennium.

The minimum amount of the first and subsequent deposit is PLN 200. Customers can change the plan for others multiple times and without fees, adjusting the investment to current needs, preferences and market situation. Each of the plans represents a separate investment strategy:

• Plan Spokojny, created with a view to persons who accept a low level of risk and limited volatility of the investment result, are interested in medium and long-term saving. This Plan has the highest share of bond funds, with a low participation of stock funds;
• Plan Wyważony, targeted at persons who accept an increased level of investment risk, seeking an opportunity for above-average gains. This Plan has a similar share of bond funds and stock funds;
• Plan Aktywny, which offers the opportunity to have significant gains in the medium and long term, created with a view to persons who accept a high level of investment risk. This Plan has the highest share of stock funds (over 70%).

Each of the Plans can be opened in the mobile app, via Millenet Internet banking as well as in a Bank Millennium branch.

More information at: https://www.bankmillennium.pl/klienci-indywidualni/oszczednosci-i-inwestycje/plan-inwestycyjny-millenniumlink opens in a new window

DISCLAIMER
All and any information contained in this publication is for information purposes only and does not constitute an offer in the meaning of the Civil Code of 23 April 1964, or a recommendation or an invitation addressed to anyone (or any group of persons whatsoever) to conclude a transaction involving the financial instruments presented herein. In particular, the information does not constitute investment, financial, tax, legal or any other advice. Any investment decision should be taken on the basis of information contained in prospectuses as well as the Key Investor Information Document (KIID), not on the basis of the abbreviated description provided herein.
Financial transactions involve risk, presented in detail in the “Description of Risk Involved with Financial Instruments and Products for Individuals in Bank Millennium S.A.”, available in the Bank’s branches and on its website www.bankmillennium.pl.
Investing in funds involves risk of a loss as well as the obligation to pay handling fees and income tax. The funds do not guarantee attainment of the investment aim or a specific investment result. The value of net assets of Millennium funds is or may be highly volatile due to the composition of the investment portfolio. The issuer, suretor or underwriter of securities constituting above 35% of the assets of Millennium Funds (except Millennium SFIO) may be the State Treasury, NBP, the US Government, European Central Bank or the European Investment Bank.
Before making an investment you should carefully read information about the funds, including financial data and description of risk factors, which are contained in prospectuses, in Key Investor Information (KII), Ex-Ante report available together with the funds’ fees table in Bank Millennium branches, in the registered office of Millennium TFI SA and on the www.millenniumtfi.pl website.
Dissemination and distribution of certain financial instruments or products as well as trading in them may be subject to restrictions with respect to certain persons and states, as per relevant legislation. Offering financial instruments and trading in them may be made only in compliance with relevant legal regulations.
Money invested in Millennium mutual funds is not protected by the Bank Guarantee Fund guarantee scheme, in keeping with Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution of 10 June 2016.
In the plan selection stage, with the Customer’s replies in the Investment Questionnaire in mind, the Bank provides information each time, whether the plan is consistent with his features, objectives and needs. In case of inconsistency or incomplete consistency of the product with the Customer’s features, goals and needs, the Bank shall give relevant warning and the acquisition may only be made at the Customer’s initiative. As regards other products, relevant information shall be provided by the Bank during selection of the particular product, by means of a warning that the product in inconsistent or incompletely consistent with your features, objectives and needs.
Details regarding fees are available in the Millennium TFI Fees Table. A withdrawal of money from the fund before the period of 12 months from the day of valuation of the first acquisition of the participation units shall result in the obligation to pay a handling fee.