BCP Split Deposit Bond 2

O

Orky

Guest
I received details on a BCP Split Deposit Bond 2 which places a quarter of the investmnet amount (minimum E10K) on deposit with Bank of Ireland for 18 months earning a fixed return of 6.5% CAR and the remaining three quarters is invested into a 3.5 year Double and/or Quadruple Growth Bond - capital security of 100% or 90% provided by BoI.

Would appreciate any opinions on this as to date most of my (hard earned) money has been in the regular type savings/SSIA type aco****s.

Thanks
 
My assessment is that is is a load of rubbish

Do a search on Askaboutmoney and you will see why you should not invest in the Quadruple Growth Bond.
 
Tks Brendan - I had tried to do a search before I posted this query but couldn't seem to find the thread - perhaps I am not following the correct search link....
 
It got a bit lost in a debate over the Financial Regulator's failure to deal with this product.



Since the post, the FR brought out specific guidelines on Tracker Bonds.

This is still a terrible product.

Brendan
 
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