23.05.2005
MilleInwestycja - new way to save with Bank Millennium
Bank Millennium offers to customers the MilleInwestycja – a modern form of investing savings linked with PZU Życie life insurance. With MilleInwestycja the guaranteed net rate of return depends on the investment duration - 6 or 12 months - and the balance and ranges from 3.44% (on a 6-month MilleInwestycja in an amount of less than PLN 50 000) up to 4.05% on a 12-month MilleInwestycja in an amount of PLN 50 000 or more.
The yield on MilleInwestycja is free from income tax thanks to the life insurance formula. Opening a MilleInwestycja with Bank Millennium is free from fees and commissions.
The minimum investment amount is PLN 2000. The sum insured in MilleInwestycja is equal to the amount invested in MilleInwestycja plus the guaranteed rate of return. Should the customer want to withdraw funds from MilleInwestycja, he can do it at any point without interest. In case of death of the MilleInwestycja holder the entire amount is free from inheritance tax.
By being free from income tax, the yield from a 4.05% MilleInwestycja is equal to the income on a term deposit bearing 5% interest.
The guaranteed net rate of return depends on the investment duration and the amount:
| MilleInwestycja amount in PLN | Investment duration | |
|---|---|---|
| 6 months | 12 months | |
| 2000 – 49 999 | 3,44% | 3,65% |
| >= 50 000 | 3,85% | 4,05% |
Equivalent gross rate of return on a deposit (the rate, to which net yield on MilleInwestycja corresponds):
| MilleInwestycja amount in PLN | Investment duration | |
|---|---|---|
| 6 months | 12 months | |
| 2000 – 49 999 | 4,25% | 4,50% |
| >= 50 000 | 5,00% | 4,75% |
Bank Millennium invites Customers interested in MilleInwestycja to visit the nearest branch of the Millennium.