CNY Limited-Time Preferential Time Deposit Interest Rate Offer for New Customers

During the promotion period from February 14 until March 2, 2024, new customers can enjoy CNY Limited-Time Preferential Time Deposit Interest Rate!

Currency

HKD

USD

3-Month Time Deposit Interest Rate (p.a.)

4.88%

5.58%

Maximum Deposit Amount

HKD 500,000

USD 100,000

Moreover, you can also enjoy up to HK$5,000 Welcome Rewards* and fabulous Wealth Management Offers by joining as a new PREMIER BANKING customer!
*Details please refer to the webpage of New PREMIER BANKING Customer Promotion www.asia.ccb.com/hk/newcif/en

Terms and Conditions for CNY Limited-Time Preferential Time Deposit Interest Rate for New Customers (the “Offer”):

  1. The promotion period is from February 14, 2024 to March 2, 2024, both dates inclusive ("Promotion Period").
  2. During the Promotion Period, new personal banking customers of China Construction Bank (Asia) Corporation Limited (“Bank”) ("Eligible Customers") can enjoy 3-Month HKD/USD preferential Time Deposit interest rate for new customers ("Preferential Time Deposit Interest Rate") (only applicable to “New Funds” as defined in clause 8). The Offer is NOT applicable to:
    1. Non-personal banking customers;
    2. Customers who do not have any current account/saving account, including sole and joint name account; or
    3. Capital Investment Entrant Scheme, Private Wealth, private banking and commercial banking / corporate customers.
  3. “Eligible Customers” must not maintain any account or any banking products or services in sole name or joint name (excluding Credit Card Account) with the Bank in the past 12 months.
  4. The time deposit should be placed within 5 working days from the first day of account opening in order to enjoy the Preferential Time Deposit Interest Rate.
  5. The Preferential Time Deposit Interest Rate and maximum deposit amounts are:

    Currency

    HKD

    USD

    3-Month Time Deposit Interest Rate (p.a.)

    4.88%

    5.58%

    Maximum Deposit Amount

    HKD 500,000

    USD 100,000
  6. Eligible customers can enjoy this Offer once only during the Promotion Period.
  7. The Offer is only applicable to time deposit placed through the Bank’s branch staff / Relationship Managers over the phone or at our branches (“Designated Channels”), which is not applicable for the time deposit being conducted through the other channels of the Bank, e.g. mobile banking, online banking, phone banking and/or Smart Teller Machine etc.
  8. “New Funds” refers to the incremental balance when comparing the latest Total Deposit Balance with the Total Deposit Balance of last month end:
    1. Total Deposit Balance refers to the balance of all deposit accounts, including Savings Accounts and/or Current Accounts and Time Deposits of Hong Kong Dollar and foreign currencies (whether accounts in sole name or joint name).
    2. New Funds do not include any fund transfer from any accounts of the Bank, which means excluding but not limited to (i) deposits of cashier’s order / cheques issued by the Bank nor (ii) transfers / remittances from any bank accounts (including bank accounts of Eligible Customer or other customers) of the Bank.
    3. The Bank reserves the right of final decision should there be any dispute in the definition of New Funds.
  9. The Bank reserves the right to amend, suspend, cancel or terminate these promotions and amend the Promotional Terms and Conditions any time without prior notice, and shall not be responsible for any costs, expenses, losses or liabilities incurred.
  10. In case of any dispute arising out of or in connection with these promotions, the decision of the Bank shall be final and binding on the Customers.
  11. In the event of any inconsistency between the English and Chinese versions of these Terms and Conditions, the English version shall prevail.

Time Deposit with tenor not more than 5 years is a deposit qualified for protection by the Deposit Protection Scheme in Hong Kong.
 

Risk Disclosure

Exchange Rate Risk

Currency exchange rates are affected by a wide range of factors, including but not limited to, national and international financial and economic conditions and political and natural events. The effect of normal market forces may at times be countered by intervention by central banks and other bodies. At times, exchange rates, and prices linked to such rates, may rise or fall rapidly.
 

RMB Currency Risk

RMB is currently not freely convertible and is subject to exchange controls and restrictions (which are subject to changes from time to time without notice). You should consider and understand the possible impact on your liquidity of RMB funds in advance. The fluctuation in the exchange rate of RMB may result in losses in the event that you convert RMB into other currencies. Onshore RMB and offshore RMB are traded in different and separate markets operating under different regulations and independent liquidity pool with different exchange rates. Their exchange rate movements may deviate significantly from each other.



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