Yearly Plus Time Deposit is available in HKD or USD for 13-month tenor.

Currently the minimum deposit amount of Yearly Plus Time Deposit for individual customers is HKD50,000/USD 10,000.

Prevailing interest rates apply on the date of deposit placement. The bank has rights to adjust the interest rates of Yearly Plus Time Deposit according to regulatory requirements and changing market conditions. However, customers who purchase this product before any adjustment will not be affected.

Yearly Plus Time Deposit interest rates calculation:

(USD) Earned interest= interest rate*number of days*principal/360; (USD) Early withdrawal interest= prevailing current interest rate*number of saved days*principal/360. 

(HKD) Earned interest= interest rate*number of days*principal/365; (HKD) Early withdrawal interest= prevailing current interest rate*number of saved days*principal/365.

Customers can withdraw deposit prior to the maturity date in whole of in part. Interest on the sum being early-withdrawn shall be calculated based prevailing current interest rate (details please see Clause No.4). The undisclosed portion is still accrued at the original rate.

All the interest rates of Certificate Deposit are rates before tax. The bank will withhold and pay interest tax on your behalf according to relevant regulations.

Terms and Conditions of other related deposit products of the Bank apply.

The Terms and Conditions are written in both Chinese and English. In case of any discrepancies, Chinese version shall prevail.