QZ3A

Variable Rate Deposit (Series 3) Fund

This fund is closed to new business

The Variable Rate Deposit (Series 3) Fund is a cash fund offering a high level of security and the opportunity to earn a competitive interest rate on an investment.

Main features

  • Invests in a variable rate deposit account with RaboDirect.
  • Risk rating: 1

Who should invest in the fund?

  • Designed for investors who are comfortable with a very low level of risk but want the opportunity to earn a competitive interest rate.

Find out if this fund is available for your product choice (PDF - 226 KB)

How it works

The fund currently invests in a variable rate deposit account with RaboDirect. RaboDirect is a branch of Rabobank (Coöperatieve Centrale Raiffeisen-Boerenleenbank, B.A.), one of the top 25 safest banks in the world*. As at 31st May 2016, the current variable rate on the fund is 0.2% Annual Equivalent Rate (AER)**, which may change in the future.

Our normal product charges apply, which includes annual management charges on some products, and early encashment charges may apply.

The return stated is before the deduction of charges, pension levy and imputed distribution payments, as applicable. Taxes may apply when you mature your pension. Withdrawals from Approved Retirement Funds (ARFs) and Approved Minimum Retirement Funds (AMRFs) will be taxed as income.

* Source: Global Finance Magazine 2015.

**0.2% per annum is provided by RaboDirect. You do not have a deposit with RaboDirect or any recourse to RaboDirect. In the event that RaboDirect does not meet its obligations to Zurich Life, or the return on the RaboDirect account is otherwise insufficient, the value of the Variable Rate Deposit (Series 3) Fund will be based only on the value returned from the deposit account with RaboDirect. No other assets of Zurich Life Assurance plc shall be used to make up the difference.

RaboDirect, is licensed by the Dutch Central Bank in the Netherlands and is regulated by the Central Bank of Ireland for conduct of business rules.

Asset Split**

Annualised Performance (%)*

*Notes: Annual management charges (AMC) apply. The fund performance shown is before the full AMC is applied on your policy.

Returns are based on offer/offer performance and do not represent the return achieved by individual policies linked to the fund.

The fund price/performance shown is for the Pension / Gross of Tax Funds category.

*Source: Zurich Life

**Note: Asset Splits are updated monthly.

Why Zurich?

Our investment team is based in Blackrock, Co. Dublin and is responsible for managing funds of approximately €21.6 billion*. The most senior members of the investment team have been together for more than fifteen years. It is the close co-operation of our fund managers in making investment decisions across assets, sectors and markets that differentiates us from other fund managers. We have an integrated team-based investment process which ensures that we implement our investment strategy quickly and effectively. We are active investment managers with a macro-economic approach, which is top-down and asset allocation driven. We construct our portfolios to allow us to take advantage of opportunities over all parts of the economic cycle. Zurich has an excellent reputation for investment performance and customer service.

*Source: Zurich, October 2017.

Warning: Past performance is not a reliable guide to future performance.
Warning: Benefits may be affected by changes in currency exchange rates.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these funds you may lose some or all of the money you invest.

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