Time Deposit

Our Time Deposit Services Include

• Time Deposit can be setup and managed through variety of channels including Online Banking, Mobile Banking, Smart Teller Machine in branches etc.
• Time Deposit Maturity eAlerts (SMS/email) to remind you when your time deposit is approaching its maturity date (for Online Banking customers only, please click here for the registration, then you can setup the service under "Manage eAlerts" section)
• Flexible deposit periods from 1 week to 1 year to suit your need
• Preferential interest rate for New Fund Time Deposit which set up with Eligible New Fund Balance^.
  ^“Eligible New Fund Balance” refers to the incremental balance when comparing the latest Total Deposit Balance with the day end Total Deposit Balance as of 7 calendar days ago (T-7 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 7 calendar days (including today: i.e. T day to T-6 day):

  1. T day is today,
  2. 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),
  3. Latest Total Deposit Balance is not real time, data is updated every 30 minutes,
  4. 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 the detail and examples on the time deposit product page on our website or contact our bank staff for more details,
  5. The Bank reserves the right of final decision should there be any dispute in the definition of New Funds.
• Comprehensive options for renewal:
  • Renew Principal and Interest
  • Renew Principal only
  • Renew with an additional amount
  • Renew with a reduced amount
• The choice to withdraw or refund the principal in different accounts during your account’s renewal period or initial deposit placement

Hong Kong Dollar Time Deposit Account

• Preferential interest rate to Premier Banking customers
• Minimun deposit of HKD10,000

Renminbi Time Deposit Account

• Preferential interest rate to Premier Banking customers
• Minimum deposit of RMB10,000

Foreign Currency Time Deposit Account

• Choice of currencies including USD, EUR, AUD, CAD, GBP, NZD, CHF, SGD and JPY
• Minimum deposit of USD/EUR/AUD/CAD/GBP/NZD/CHF or SGD at 1,000 or JPY 100,000

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.