Subject: RE: New variable rate CD option
From: Stewart Oldfield ‹ >
Date: Mon, 18 Dec 2017 14:36:29 -0500
To:
"Paul Barrett
Cc: Bradley Gillin
Cynthia Rodriguez
Bcc:
With last week's Fed announcement, the rate on the 9 month variable CD rate
is scheduled to increase on Jan. 2 (should be 1.81%). Please let us know if
you would like any more info. Thanks
From: Stewart Oldfield
Sent: Thursda , October 12, 2017 3:18 PM
To:
Cynthia Rodriguez
CD option
Rich,
Given interest rate expectations, I thought you might find this new floating
rate CD product interesting. We're focused on raising new deposits in Q4,
so are launching this with a promotional rate through the end of the year.
Hope all is well
We are currently offering a promotional 9-month variable-rate Deutsche Bank
AG Preferred CD. Please find below our indicative rate, which is subject to
change.
Promotional Terms
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Deutsche Bank is running a promotional campaign through December 31, 2017 on
the 9-month variable-rate Deutsche Bank AG Preferred CDs.
Deutsche Bank AG NY Branch USD Client Promotional Rate (not FDIC-insured)
and annual percentage yield are accurate as of 10/10/2017.
Term
Interest
Rate
Annual Percentage Yield
9-month variable
1.56%*
1.57%*
*The interest rate may change after the account is opened. The interest rate
for the 9-month variable-rate Deutsche Bank AG Preferred CD will be
determined on the first business day of each calendar month during the term
of the Deutsche Bank AG Preferred CD. The interest rate for each calendar
month will be the Federal Funds effective rate for the first business day of
the month as published in the Wall Street Journal + a pre-determined basis
point spread (currently 40bps).
Please find attached some additional information on our offering, including
an overview of Deutsche Bank AG Preferred CDs.
The minimum deposit to purchase a Preferred CD and receive the advertised
rate is $250,000 (unless you already maintain funds in another Preferred CD
and/or a Preferred Banking Account that are equal to or greater than
$250,000 in the aggregate). A penalty may be imposed for early withdrawals
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(see Terms and Conditions Statement for details). There is a maximum deposit
of $25 million per client per term on the Deutsche Bank AG NY Preferred
Certificate of Deposit.
Please do not hesitate to contact me with any questions or to discuss
further.
Stew
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Stewart Oldfield, CFA, CAIA
Director
Deutsche Bank Trust Company Americas
Deutsche Bank Wealth Management
345 ew York, NY 10154
Tel.
Mobi e blackberry
Email
Securities offered through Deutsche Bank Securities Inc.
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