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High Return Deposit Accounts Plus  
  Fact sheet about product performance and objectives as at March 17, 2008
This document is updated on a monthly basis and upon any changes in interest rates
Overview

The accounts aim to provide holders with a steady growth linked to official base rates of the currency selected. The investment approach provides efficient exposure to diverse strategies and the unique skills of different investment companies devoted primarily to international home loan, international real estate and insurance sectors.

 
Objectives and benefits

The High Return Deposit Accounts “Plus” aim to generate stable interest rates over the short and medium term by seeking to produce returns constantly exceeding official Central Banks’ Base rates by 0.50% p.a. (for accounts with a 12 months notice period), or 0.25% p.a. (for accounts with 3 a months notice period).

Key facts
Structure: Deposit accounts with variable interest rates
Notice periods: 3 or 12 months
Reference rates: Official base rates of the selected currency
Interest rates for Plus Accounts 3 months notice: 0.25% p.a. over base rate – see tables below
Interest rates for Plus Accounts 12 months notice: 0.5% p.a. over base rate – see tables below
First account opened: 06.1999 (exc. CHF account: 01.2000)
Adjustment to base rates: same day
Currencies available: EURO, USD, GBP, CHF
Minimum investment: 200,000 EURO/USD, 130,000 GBP, 300,000 CHF
Entry fees: None
Management fees: Included
Exit fees at end of notice periods: None
Max. instant withdrawals without notice: 10% of balance each quarter
Penalty for early withdrawals
exceeding 10%:		 Charge of interests to be accrued in the residual period on the amount withdrawn
Current interest rates on High Return Deposit Accounts Plus
Currency denomination
GBP
  
USD
  
EUR
  
CHF
Interest rates - 3m notice*
5.25%
2.75%
4.25%		  
3.00%
Interest rates - 12m notice*
5.50%
2.50%
4.50%
3.25%
Base rates
Bank of England base rate
5.00%
 
 
US Federal Reserve federal funds rate
2.00%
European Central Bank min. bid rate
4.00%
Swiss National Bank 3-month LIBOR med. target range
2.75%
Source: UBL database. There is no guarantee of performance and past performance is not necessarily a guide for future results. This material is not an invitation to make an investment in the Bank and applications will only be considered on the terms contained in our general conditions. United Bank Limited is regulated by the St. Vincent and the Grenadines International Financial Services Authority (IFSA).

To download a PDF file of this fact sheet click here.
Adobe Acrobat Reader required to view the file.
 
 

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