Societe Generale

Fixed term deposits with Societe Generale are now available as an investment option on our Synergy Products, including Synergy PRSA

They maybe a suitable investment option if you are looking for a low risk investment for your clients. Fixed term deposits are available from 2 to 5 years. The minimum deposit is €250,000

Latest fixed term deposit rates with Societe Generale

Structured deposits

Closing date 30 November 2023

If your clients are looking for a lower-risk investment, they might want to consider Barclays Euro Structured Deposits. We currently offer a three-year and a five-year option, and these can be accessed through self-directed options in:

  • Synergy Investment Bond
  • Synergy Personal Pension
  • Synergy Buy Out Bond
  • Synergy Regular Invest
  • Synergy Approved Retirement Fund
  • Synergy Portfolio Approved Retirement Fund (for top ups only) 

The minimum deposit with Barclays Bank is €100,000. Structured deposits are not available on the Synergy PRSA or the Synergy Executive Pension.

As an adviser, you must make sure your client both reads and understands the key features and key information documents for the deposit they want to invest in. We’ll need an ‘Instruction to switch/invest in a structured deposit’ form for all new business, including top-ups, and switches.
 

Barclays Three Year Euro Structured Deposit

Barclays will repay the amount invested in this structured deposit at the end of the three year term. The closing date for application is 30 November 2023, or earlier if the scheme is already fully subscribed.
 

Key facts:

Three-year fixed term

  • Minimum return 11.68% (3.75% compound annual rate) after 3 years
  • Issued by Barclays Bank Ireland plc
  • Minimum deposit €100,000
  • Gross return subject to policy charges

Barclays Five Year Euro Structured Deposit

Barclays will repay the amount invested in this structured deposit at the end of the five year term. The closing date for application is 30 November 2023, or earlier if the scheme is already fully subscribed.
 

Key facts:

Five-year fixed term

  • Minimum return 20.21% (3.75% compound annual rate) after 5 years
  • Issued by Barclays Bank Ireland plc
  • Minimum deposit €100,000
  • Gross return subject to policy charges

Policy Cash account

This self-directed option is facilitated from a policy cash account, provided by a third party deposit provider, set up within the policy. Payments are both credited to and deducted from this account. There's more information in the Key Features document and Self-Directed Options Guide

The variable interest rate payable on the policy cash account from 20 September 2023 is 3.95% gross (4.02% AER*), and is subject to change at any time (it was 3.70% gross (3.76% AER*) between 02 August 2023 and 19 September 2023). AER is the annual equivalent rate and shows what the interest rate would be if compounded and paid each year.

Please make sure your clients are aware of Synergy Product charges, including the annual management charge of 1%. Returns on their investment will also be affected by the commission structure you have agreed with them.

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