Cash account
Every account holder at Akelius will be assigned a cash account. The cash account is a non interest bearing transaction account. The account holder is entitled to an unlimited number of withdrawals. Withdrawals are paid after five banking days.
Available funds in the cash account will be transferred automatically on the last day of the month to a liquidity account unless something else is requested by the account holder.
Liquidity account: 3,5 percent
The return is fixed for 6 months.The account holder has the right to an unlimited number of withdrawals during the period. Fixed return during the duration of 6 months, 1,735 percent corresponding to 3,5 percent annual return. Free withdrawals. Withdrawals are paid after five banking days.
Guaranteed returns, as well as the original investments, are automatically re-invested at the end of maturity at the guaranteed return; which is stated at all times in the particular product conditions.
A new period of six month duration begins on the last day every month.