Africa-Press – Cape verde. Aldeias SOS Cabo Verde, in partnership with the international investment bank (iib), launches, this Friday, the Solidarity Indexed Term Deposit, aimed at savers who wish to obtain a higher return than traditional investments, and who “share and identify with the sensitivity and values of social responsibility”.
In a press release, Aldeias SOS explains that the product is a deposit that cannot be mobilized in advance, for a period of 2 years, denominated in Cape Verdean escudos and indexed to the gradual growth in the volume of subscriptions until the date of the final observation.
Thus, on the maturity date, the deposit pays a variable remuneration with a minimum of 2.5% per year, which can reach 3.10%pa, in favor of the subscriber and between 0.10%pa and 0.40%pa in favor of SOS Villages.
“In short, on the final observation date (30-12-2022), which corresponds to the last day of subscription of the deposit, if the total amount subscribed is equal to or greater than 100,000,000$00, measured in integer multiples, the deposit pays an additional remuneration on the deposited amount equal to 0.15%pa for each multiple observed, up to a maximum of 3.10%pa”, he explains.
Aimed at savers
This deposit, according to the same source, is intended for all savers who wish to obtain a return potentially higher than that of traditional investments, with the requirement of guaranteed capital.
Also, for those who “share and identify with the sensitivity and values of social responsibility, with a special focus on protecting and valuing children, values shared by the IIB and the SOS Children’s Villages”.
The launch is scheduled for 3:30 pm this Friday, at the headquarters of SOS Children’s Villages, in Achada São Filipe, Praia.
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