The closing date of the Aviva Irl Fixed Medium Term Deposit Fund - Issue 15 has been extended to 31 July 2013.  This fund provides a fixed return of 18.75% gross at 31 May 2018. This is equivalent to 3.5% gross AER, which is attractive in the current environment of falling interest rates.

The updated customer flyer will be available shortly. A few points to note:

• All supporting documentation must be received in Aviva, One Park Place, Dublin 2 no later than 31 July 2013.
• The fund will earn 3.75% simple interest on the anniversary date of the fund each year, i.e. 31 May 2014, 31 May 2015, 31 May 2016, 31 May 2017 and 31 May 2018, therefore no interest is earned before these dates. Interest does not accrue daily. This is the equivalent to 3.5% gross AER. No interest will be paid on investments made into the fund prior to 31 May 2013.
• No withdrawals are allowed from this fund before 31 May 2018.  Imputed distribution requirements for Approved Retirement Funds (ARFs) for Revenue purposes will be allowed.
• Unfortunately, Aviva cannot accept investments over €1.5 million into the Aviva Irl Fixed Medium Term Deposit Fund, Issue 15.
• This fund is not covered by the ELG, the Eligible Liabilities Guarantee Scheme.