28.08.2012
Precious Duo in Bank Millennium
In Bank Millennium it is already possible to set-up a high-interest rate Promotional Deposit, paired-up with a Feniks Investment Deposit. The Precious Duo permits safe investing together with the possibility to get a high yield.
Precious Duo is a unique combination of a half-year Promotional Deposit (6.5% per annum) and an Investment Deposit, which gives the opportunity of an above-average yield. Such a combination is very popular among our customers. The appealing factor is 100% protection of principal and the opportunity of an attractive rate of return – says Marek Ubysz, Head of Savings Products Sub-unit.
Promotional Deposit:
- attractive interest rate of as much as 6.5% per annum over a 6-month period
- minimum investment amount is PLN 1000 and is equal to the amount of the Feniks Investment Deposit.
Feniks Investment Deposit:
- possibility to get an attractive yield – up to 10% on the investment period
- 100% protection of principal on deposit maturity date
- possibility to invest on the FX market without risking loss of principal
- minimum deposit amount is only PLN 1000
- investment term is 12 months.
The deposit is based on the rate of the USD/PLN currency pair. A yield of 10% in the investment period will be accrued if the USD/PLN rate on observation day is within a defined FX bracket (+/- 30 grosz vs. the rate from observation date). If the USD/PLN rate falls even once out of the defined FX rate bracket, then the FX bracket will be redefined. If after defining the new FX range the rate falls out of the bracket again, the customer will receive the deposit principal.
Subscription period: 01.08.2012 - 03.09.2012
Investment period: 04.09.2012 - 05.09.2013
I observation: 04.09.2012
II observation: 03.09.2013