Home
>
Funds
>
Fund choice
> Fixed Rate Deposit Fund (Series 5 - 2011)
Fixed Rate Deposit Fund (Series 5 - 2011)
This fund is no longer open to new business.
Fund Description
This fund is designed to provide a fixed return of 7% over 2 years (3.44%* per annum) to 31st October 2011.
To provide this return, the Fixed Rate Deposit Fund invests in a fixed rate deposit account with Bank of Ireland.
Zurich Life's normal product charges apply, including early encashment charges on some products. The return stated
is before deduction of these charges.
*2.956% per annum is provided by Bank of Ireland. An additional 0.485% per annum is provided by Zurich Life.
Clients do not have a deposit with Bank of Ireland or any recourse to Bank of Ireland. In the event that Bank of Ireland
does not meet its obligations to Zurich Life, or the return on the Bank of Ireland account is otherwise insufficient,
the value of the Fixed Rate Deposit Fund will be based on the value returned from the deposit account with Bank of Ireland.
No other assets of Zurich Life Assurance plc shall be used to make up the difference.
|
|