Banca March expands its range of combined deposits with SICAVs and Unit Linked Funds
04 December 2023 Category: Products
- The 50/50 Depósito Combinado with Funds or SICAV invests 50% in a term deposit at 3.40% and the other 50% in risk-profiled funds or Institutional SICAVs.
- El Depósito Combinado with Unit Linked 50/50 invests 50% in a term deposit at 3.20% and 50% in a Unit Linked fund.
- Both products have a 12-month term and can be arranged at branches until 31 January.
- These are in addition to the Depósito Combinado with DPM Renta Fija Óptima, launched last November with an interest rate of 3.40%.
Banca March has launched two new combined deposits, one with risk-profiled funds or Institutional SICAVs and the other with a unit-linked life/savings insurance, with maturities of one year and some of the most attractive yields on the market. Both of these are in addition to the Depósito Combinado with GDC Renta Fija Óptima, which the bank launched last November, expanding its range of combined deposits.
The Depósito Combinado with SICAV Funds 50/50 has a term of 12 months and an interest rate of 3.40% at maturity. This way, 50% of the total investment is allocated to the deposit, and the other 50% can be chosen from Banca March's range of risk-profiled funds or institutional SICAVs. This is an exclusive product for new customers based on a set selection of funds. The minimum amount is 6,000 euros; a 3,000-euro deposit and the same amount in the fund or the SICAV.
The 12-month Unit Linked Depósito Combinado with March Vida Multiestructuras has an interest rate of 3.20% at maturity. This is an exclusive product for new customers taking out the March Vida Multiestructuras Unit Linked Savings Life Insurance. Of the total investment, 50% goes to this product and the other 50% to the deposit. Thus, the minimum amount will be 12,000 euros; 6,000 euros toward each of the products.
In both cases, the maximum investment is two million euros. Both deposits can be arranged at the bank's branches until 31 January 2024. These two new combined deposits do not allow for early cancellation or the possibility of renewal at maturity.
Banca March is extending its range of combined deposits with these two new products, in addition to the 12-month Depósito Combinado with GDC Renta Fija Óptima 50/50. It has an interest rate of 3.40% at maturity and a minimum total amount (deposit + DPM) of 50,000 euros, 100,000 euros or 200,000 euros, depending on the profile of each customer.