About the product

DuetPlus is an exceptional offer of a suite of products, which can be set up starting from PLN 2000, investing the money as follows:

  • 50% as a generously priced term deposit 3- or 6-month,
  • 50% in a selected Millennium SFIO subfund.

Additional information about DuetPlus:

  • Choose between 5 Millennium TFI Subfunds with various investment strategies available under Millennium SFIO fund.
  • B-category participation units available.
  • Participation units can be exchanged an unlimited number of times in Millennium SFIO fund.
  • If an order is placed for repurchase of Subfund participation units acquired under DuetPlus, a handling fee may be collected in keeping with the valid Table of Handling Fees of Millennium Funds.
  • If complete or partial redemption of participation units acquired under DuetPlus is made before the date of maturity of the associated term deposit, the interest rate on the part constituting the deposit shall be reduced to 0.01% on the entire duration of the deposit.

See more information about Millennium TFI funds

More about benefits, restrictions and risks involved with sales of the product suite (cross-selling) is available under MIFID in the Cross Selling.

Interest rate

The term deposit part

DepositInterest rate
3-month deposit1.00% per annum
6-month deposit1.00% per annum

Millennium SFIO subfunds available in DuetPlus:

Quotations of mutual funds managed by Millennium TFI


Handling fees involved with DuetPlus:

If an order is placed for repurchase of Subfund participation units acquired under DuetPlus, a handling fee may be collected depending on the period of the investment.



  • What is the DuetPlus plan?

    If you chose DuetPlus plan, you will invest half of the money in a fixed-interest rate deposit (you can choose between a 3-month deposit with 1.00% per annum interest rate or a 6-month deposit with 1.00% per annum), and will invest the other half in one of five available Millennium SFIO subfunds (without a specified investment tenor).

  • Can I withdraw the money at any time?

    Yes, you can always make an earlier withdrawal of money from DuetPlus plan – from the time deposit part as well as from the fund. If you withdraw money from the deposit part before its maturity, interest shall not accrue. However if you withdraw money from the fund part during the life of the deposit, we shall charge a redemption fee of 1.50% of the redemption amount, while the interest rate on the time deposit part will be reduced to 0.01% on the entire life of the deposit.

  • From what amount can I set up DuetPlus plan?

    You can set up DuetPlus plan starting from as little as PLN 2000 (PLN 1000 goes to the time deposit and the other PLN 1000 to the mutual fund).

  • How many DuetPlus plans can I set up?

    There are no restrictions in this respect – you can set up any number of the plans.

  • What happens after end of DuetPlus plan?

    6 months after setting up DuetPlus plan the participation units you hold will cease to be covered by the plan and will be recorded on a new standard register. Your investment will be continued under terms not subject to the plan Regulations any more. Meanwhile your deposit will mature with the interest rate and duration, for which it had been set up.

  • What maximum amount can I allocate to the bank deposit?

    There are no restrictions in this respect – you can deposit any amount, naturally bearing in mind the minimum amount required to set up the plan. Remember also that the amount you invest in a selected subfund must be the same as the amount on the bank deposit.

  • What are B-category participation units?

    Thanks to using B-category participation units you do not pay a handling fee on money invested (purchase order). In case of this category of participation units you can pay a handling fee only when withdrawing the money (redemption order). It is worth remembering that the maximum redemption fee is 1.50% of the redemption amount and it falls over time. 24 months after the start of the investment the fee will be PLN 0.

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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.pl.

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. The issuer, surety or guarantor of securities, which make up more than 35% of assets of Millennium Funds (except Millennium SFIO) may be the State Treasury, NBP, US government, European Central Bank or the European Investment Bank.

  • What is a mutual fund

    Mutual Fund – is an entity with legal personality operating under the Act of 27 May 2004 on mutual funds. A mutual fund’s sole business is to invest monies collected publicly or privately in securities and other property rights stipulated in the Act.

    In exchange for money paid into the fund the investors receive participation units. Their number reflects the proportional share of a participant in the mutual fund’s assets. With a pre-defined frequency the mutual funds determines the value of participation units i.e. calculates fund assets net value per participation unit. For this purpose the fund valuates the investment portfolio and then divides the amount by the number of participation units due to all participants. The value of a participation unit may change during each valuation day.

  • Following risks are involved with an investment in mutual funds

    • Sector risk,
    • Credit risk,
    • Risk of short-term price changes,
    • FX risk,
    • Risk of non-admission of the issuer’s securities to trading on the regulated market,
    • Liquidity risk,
    • Tax risk,
    • Legal risk,
    • Settlement risk,
    • Market risk,
    • Interest rate risk,
    • Loss-of-capital risk,
    • Risk involved with concentration of assets or markets,
    • Amount of fees,
    • Product complexity.

    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 (KII), available together with the Funds’ fees table in Bank Millennium branches, in the offices of Millennium TFI SA as well as online at www.millenniumtfi.pl.

  • Information about BFG protection

    Funds deposited on accounts in the Bank, the total value of which funds does not exceed the equivalent of EUR 100,000, 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 Laws2016.996). Eligible for protection are deposits and receivables of entities indicated in art. 20 of the a/m Act. Meanwhile funds invested in Millennium TFI mutual funds are not protected by Banking Guarantee Fund.

  • Other important information

    Any and all information contained in this COMMERCIAL PUBLICATION is purely of information nature and constitutes neither an offering in the meaning of the Act of 23 April 1964 Civil Code, nor an invitation addressed to anyone (or any group of people) to conclude transactions on financial instruments presented in it. In particular the information is not 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, Plan DuetPlus Regulations, List of benefits, restrictions and risks connected with the product DuetPlus, and Key Information for Investors (KII), and not 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.


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