new ulster bank ssia type a/c

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majee

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got a flyer in the post from UB. Offering this for your SSIA:

-20% goes into a deposit a/c with a fixed return of 14% AER (access after year 1)

-80% blue chip equities (100% of investment secure and returned to you at maturity)

min €3500 no max mentioned
term 66 months

Even though the term is SSIA'esque(!) it appears on paper to me to be a pretty decent offer. I was wondering though whats the real number behind 14% AER?

majee
 
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