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Millennium Investment Programme in Duet - Bank Millennium
Combine saving with investment
You don't have to define how long you want to invest. After 5 years from the first payment the subfunds making up the Plan will change into separated sub-funds.
Stable Plan is a solution for people who accept a low risk level of losing capital and a low profit potential. The Plan consists of three Millennium TFI subfunds:
Moderate Plan are sub-funds that allow for higher profits than on a standard deposit. For people accepting a moderate level of risk of capital loss and periodic fluctuations in the value of investments. It consists of three subfunds of Millennium TFI:
Dynamic Plan is an option with a high profit potential, but also associated with a high risk. The Plan includes Millennium TFI sub-funds with a high level of risk of losing some or all of their capital:
You always have an access to your funds. Remember that withdrawing a deposit results in the loss of interest. Any withdrawal of funds from the investment within 24 months from opening involves handling fees.
Selected plan is assigned to your programme. In order to change the investment strategy, you have to withdraw the funds and open new Millennium Investment Programme.
You can always make another payment into your plan in investing programme. Remember that the deposit is made for specific amount of money and specific period so you cannot add additional funds to it.
You can open multiple products. Your funds will be divided into deposit and investing parts.
In order to get access to investment products in Bank Millennium, you have to complete a questionnaire (appropriateness assessment) and sign Framework Agreement on provision of financial services and the agreement for access to services via electronic banking channels. Thanks to your answers given in the questionnaire we check your knowledge and investment experience and assess whether the selected investment product is adequate for you and compatible with your needs, traits and goals.
You can fill the questionnaire and sign the agreement in Millenet, mobile app or any Bank Millennium's branch.
It's a product which combines saving and investing in one. You put a half of the funds into a 3-month term deposit with fixed interest rate 1.5% p.a. and invest the rest in one of Millennium Investment Program's plan: Stable, Moderate, Dynamic.
Of course. You can always withdraw funds earlier - both from deposit and investment part. In case of deposit withdrawal before its completion date, the interest will not be accrued. If you withdraw funds from investment part before 12 months - we'll charge a redemption fee of 1% of the redemption amount, in period 12-24 month - we'll charge a redemption fee of 0.05% of the redemption amount. After 24 months from opening you can withdraw funds without fee.
You can open it starting with 2000 PLN (1000 PLN goes to deposit, 1000 PLN goes to Millennium Investment Programme).
No limit. You can open any number of products.
Millennium Investment Programme consists of three ready to purchase investment plans (Stable, Moderate and Dynamic) which differ from each other in risk and reward profiles. Each of them offer funds diversification, i.e. simultaneous investment in 3 selected subfunds of Millennium TFI. Thanks to this, you limit the risk of investment, spreading it on various investment strategies, and you benefit from the potential of global markets at the same time.
You decide which plan meets your investment expectations.
Through the Millennium TFI investment funds you have the opportunity to invest in capital market instruments. Depending on the plan, these will be shares of Polish and global company shares, treasury or corporate bonds.
More details of each plan investment strategy and particular investment funds can be found in Plan's Fact Sheet and KIID documents.
Financial transactions involve risk presented in “Description of Risk Involved with Financial Instruments and Products for Private Persons in Bank Millennium S.A.", available in branches and on the Bank’s website www.bankmillennium.pllink opens in a new window.
Investing in funds involves risk of a loss as well as the obligation to pay handling fees and income tax. The Fund does not guarantee attainment of the investment goal or a specific investment result. The net value of funds’ assets is highly volatile due to the composition of the investment portfolio. In cases, in which the Fund’s Articles of Association provide for the possibility of investing more than 35% of a Subfund’s assets in securities - the issuer, surety or guarantor of these securities may only be the State Treasury, NBP, US government, European Central Bank or the European Investment Bank.
Individual Plans available under the Millennium Investment Programme may not be consistent with your knowledge, experience, financial situation, risk tolerance or investment objectives.
At the product selection stage, taking into account the answers provided in the investment survey, we always provide information whether the product is compatible with your features, goals and needs. In the event of non-compliance or incomplete compliance of the product with your characteristics, goals and needs, we will give you an appropriate information, and the purchase can only be made based on your initiative.
Investment Fund – is an entity with legal personality operating under the Act of 27 May 2004 on investment funds and management of alternative investment funds. An investment fund’s sole operation consists in investing funds collected publicly or privately in securities, money market instruments, and other property rights stipulated in the Act.
In return for payments into the fund investors receive participation units. Their number shows proportional share held by the investor in the investment fund assets. In specified time intervals the fund determines the value of participation units i.e. calculates „net value of fund's assets" assigned to a single participation unit. For this purpose, the fund determines the value of its investment portfolio and divides it by the number of participation units allocated to all participants. The value of participation unit may change on each valuation day.
The following risks are associated with investing in mutual funds:
Prior to making an investment the information about funds should be read, including financial data and description of risk factors, which are contained in Prospectuses and in Key Information for Investors (KIID), available together with the Funds’ fees table in Bank Millennium branches, in the offices of Millennium TFI as well as online at link opens in a new window.
Funds deposited on term deposit in the Bank, the total value of which does not exceed the equivalent of 100,000 EUR, irrespective of the number of accounts held in the Bank, are protected by Banking Guarantee Fund, in keeping with the Act of 10 June 2016 on Banking Guarantee Fund, system of protection of deposits and compulsory restructuring (Journal of Laws 2016.996 as amended). Eligible for protection are deposits and receivables of entities indicated in art. 20 of the a/m Act.
Funds invested in investment funds are not protected by the Banking Guarantee Fund, in keeping with the Act of 10 June 2016 on Banking Guarantee Fund, system of protection of deposits and compulsory restructuring.
All and any information contained in this commercial publications for information purposes only and does not constitute an offer, 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 contained in this publication does not constitute an offer in the meaning of the Civil Code of 23 April 1964 nor is it a service of investment, financial, tax, legal or any other advice. Any investment decision should be taken on the basis of information contained in Prospectuses and in Key Information for Investors (KIID), not on the basis of the abbreviated description contained herein.
Dissemination, distribution and trading of some financial products may be subject to restrictions with respect to certain persons and countries, in keeping with relevant legislation. Offering and trading of financial instruments may be done only in compliance with relevant legal regulations.
MiFID (Markets in Financial Instruments Directive) is the European Directive concerning the market of financial instruments and products, which sets down a uniform legal framework for banks, brokerage houses as well as other brokerage operators in the European Union as well as in Iceland, Norway and Lichtenstein.
The MiFID Directive aims to enhance and harmonise Client protection in banks, increasing consistency and transparency of the operation of banks as well as increasing competitiveness on the financial instruments market.