Deposit Promotion and Rate Enquiry

Time Deposit Promotion
New Customer
Offers
Other Deposit Promotion
Offers
Savings and Time Deposit
Interest Rates

New Fund Time Deposit offers

Customers can enjoy preferential interest rates² by successfully setting up a Time Deposit for a designated amount of new funds¹ with a designated currency and deposit tenor (refer to the table below):

“New Funds” refers to the incremental balance when comparing the latest Total Deposit Balance with the day end Total Deposit Balance as of 3 calendar days ago (T-3 day), after deduction of the sum of principal amount (if applicable) which has been entitled to new fund offer of Time Deposit within the latest 3 calendar days (T day, T-1 day and T-2 day), where T day is today:
- Total Deposit Balance refers to the available balance of all deposit accounts, including Savings Accounts and/or Checking Accounts and Time Deposits of Hong Kong Dollar and foreign currencies (whether accounts in sole name or as primary holder of joint name accounts).
- The Bank reserves the right of final decision should there be any dispute in the definition of New Funds.
The above preferential interest rates are quoted as of which is for reference only and subject to change. The relevant interest rate will be subject to change based on current market condition. The Time deposit interest rates may vary on factors such as currency , tenor, deposit amount and customer segment. The final applicable interest rate will be determined by the bank when customers set up the time deposit.

Notes: Eligible New Fund Balance affected by individual factors, mainly include 1) the check deposit cut off time on the check deposit day and 2) public holiday, long weekend and the day fall into typhoon. Please refer to below example or contact our bank staff for more details.

Example illustration

With following customer transaction records as an example, the “Eligible New Fund Balance” for customer today (22 January) is calculated as follows:

Date	Day End Total Deposit Balance	Transactions performed by customer	Sum of Principal Amount which has been entitled to new fund offer of Time Deposit
19 January (T-3)	HK$100,000 (B)	--	HK$0
20 January (T-2)	HK$300,000	Transfer in New Fund of HK$200,000	HK$0 (C1)
21 January (T-1)	HK$300,000 (A)	Set up New Fund Time Deposit with HK$40,000	HK$40,000 (C2)
22 January (T)	--	--	HK$0 (C3)

Total Deposit Balance of last calendar day
(T-1 day)

HK$300,000

Deduct Total Deposit Balance as of 3 calendar days ago
(T-3 day)

HK$100,000

Deduct Sum of principal amount which has been entitled to new fund offer of Time Deposit within the latest 3 calendar days

HK$40,000

(C=C1+C2+C3)

“Eligible New Fund Balance”

HK$160,000

Online New Fund Time Deposit offers

Customers can enjoy preferential interest rates by successfully setting up a Time Deposit for a designated amount of new funds with a designated currency and deposit tenor via Mobile Banking, Online Banking and Smart Teller Machines.

The offer is bound by terms and conditions. Please refer to the promotional website or contact our staff for more details.

You could also view latest Time Deposit preferential rates by login Online Banking / Mobile Banking.

How to view Time Deposit preferential rates

Mobile Banking

Step 1

After logging-in, tap “Time Deposit”

Step 2

Then select “Learn More” under “Interest Rates”

Step 3

Tap “Time Deposit” and select currency and principal amount, then you could view the Time Deposit preferential rates we are offering

Online Banking

Step 1

After logging-in, in the section “Account”, select “Deposit rates” under “Rate Enquiry”

Step 2

Select currency, then you could view the Time Deposit preferential rates we are offering

New PREMIER BANKING Customer Time Deposit Offer

Within the promotion period, new PREMIER BANKING customers can enjoy below preferential interest rate with funds at branches.

Preferential interest rate⁺	Up to 5.38%
Tenor	3-Month
Currency	HKD / USD / AUD / NZD / CAD / GBP

+Eligible customers are required to place a 3-month HKD or designated currency time deposit with a new fund amount ranging from HK$1,000,000 to HK$50,000,000 (or its equivalent). The first 10% of the new fund amount will be granted with 5.38% p.a. preferential time deposit interest rate, while the remaining 90% of the new fund amount will be granted with another time deposit interest rate (details please refer to the relevant terms and conditions).

The offer is bound by terms and conditions. For details, please refer to the relevant terms and conditions or contact our staff.

New WISE BANKING customers and general personal banking customers Time Deposit Offers

Within promotion period, new WISE BANKING customers and general personal banking customers who open an account through “e-Account Service” and complete simple tasks by designated dates can enjoy preferential time deposit interest rate without the needs of going to branches!

Currency	Tenor	Preferential Interest Rate (p.a.)
HKD	1-Month	Up to 6.68%
HKD	2-Month	Up to 5.28%
HKD	3-Month	Up to 4.80%

For eligible customers depositing HKD $100,000 or above, the first HKD $100,000 (fixed amount) of the deposit will be entitled to one of the above three preferential time deposit interest rates (p.a.).

The offer is bound by terms and conditions. For details, please refer to the relevant terms and conditions or contact our staff.

Step Up Offer

Within promotion period, customers open a Step Up Savings Account and enroll for the Step Up Offer to enjoy preferential interest rates (p.a.).

Currency	Tenor	Preferential Interest Rate (p.a.)
HKD	3-Month	Up to 2.50%
USD	3-Month	Up to 3.50%
RMB	3-Month	Up to 2.50%

The offer is bound by terms and conditions. For details, please refer to the relevant terms and conditions or contact our staff.

Foreign Currency Exchange & Time Deposit Promotion

Within promotion period, customers who exchange a designated currency in the amount to any time deposit currency through our branch staff or Relationship Managers via phone call or by visiting our branches, and simultaneously place a 1-week Time Deposit with the exchanged currency in its entire amount traded to enjoy preferential interest rates (p.a.).

Preferential interest rate	Up to 14.8%
Tenor	1-week
Currency	USD / RMB / AUD / NZD / CAD / GBP / JPY

The offer is bound by terms and conditions. For details, please refer to the relevant terms and conditions or contact our staff.

Savings and Time Deposit Interest Rates

Currency:

Hong Kong Dollar

Savings Last Update:

Time Deposit Last Update:

Note:

(1) The above deposit interest rates are for reference only.

(2) For savings account/time deposit, interest is calculated on the following year basis: Hong Kong Dollar, Pound Sterling and Singapore Dollar – 365 days (including leap year). For other currencies - 360 days.

Risk Disclosure

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.

Currency Exchange

Currency exchange involves bid-ask spread.

Exchange Rate Risk

Currency exchange rates are affected by a wide range of factors, including national and international financial and economic conditions and political and natural events. The effect of normal market force may at times be countered by intervention by central banks and other bodies. At times, exchange rates, and price linked to such rates, may rise or fall rapidly. The fluctuations in the exchange rate of a foreign currency may result in losses in the event that you convert HKD to any foreign currency or vice versa.