New Funds Time Deposit Promotion - ICBC (Asia)
New Funds Time Deposit Promotion
Customers who open/hold an Integrated/E-Age/Elite Club/Wise Gold account when setting up 38-day/68-day/98-day time deposit by Eligible New Funds at branch can enjoy preferential interest rate as below:
Promotion Period: 2 December 2024 to 31 December 2024 (both dates inclusive)
| Customer Segment | New Funds Amount | 38 days | 68 days | 98 days |
| Wise Gold/Elite Club | HKD3,000,000 or above | 4.08% | 3.88% | 3.68% |
| HKD800,000 to below HKD3,000,000 | 3.98% | 3.78% | 3.58% | |
| USD500,000 or above | 4.00% | 4.20% | 4.45% | |
| USD100,000 to below USD500,000 | 3.90% | 4.10% | 4.40% | |
| CNY1,000,000 or above | 2.08% | 1.98% | 1.88% | |
| CNY500,000 to below CNY1,000,000 | 1.98% | 1.88% | 1.78% | |
| Wise Gold/Elite Club/E-Age/Integrated Account | HKD100,000 or above | 3.88% | 3.68% | 3.48% |
| USD15,000 or above | 3.80% | 4.00% | 4.30% | |
| CNY50,000 or above | 1.88% | 1.78% | 1.68% |
*The above preferential fixed deposit interest rates (p.a.) are based on the interest rates (p.a.) announced by the Bank as of 2 December 2024 and for reference only. The interest rates maybe subject to revision as per prevailing market conditions. Deposits in different currencies, tenors, amounts and customer types will have different preferential time deposit interest rates. The Bank will confirm and advise you the final applicable interest rate at the time when the time deposit is placed.
“ICBC (Asia)” and “the Bank” refer to Industrial and Commercial Bank of China (Asia) Limited.
Terms and conditions apply. For details, please visit any of the Bank’s branches or call the Customer Service Hotline on 218 95588.
Terms and Conditions:
The promotion period (the “Promotion Period”) is from 2 December 2024 to 31 December 2024 (both dates inclusive).
The New Funds Time Deposit Promotion (the “Offer”) is applicable to the retail banking personal customers of Industrial and Commercial Bank of China (Asia) Limited (the “Bank” or “ICBC (Asia)”) who set up 38-day/68-day/98-day time deposit at branches.
During the Promotion Period, Customers who open/hold an Integrated/E-Age/Elite Club/Wise Gold account with New Funds in the specified amount with a designated tenor (as shown in the above table) can enjoy the Offer.
“Eligible New Funds” refers to the incremental balance when comparing the latest total deposit balance with the total balance of the previous month end. The total balance of all accounts, including Savings Accounts, Current Accounts and Time Deposits in Hong Kong Dollars and foreign currencies (whether accounts in sole name or joint name), will be counted towards the calculation of “Eligible New Funds”. This amount is calculated in Hong Kong Dollars.
“New Funds” refers to: (i) funds newly deposited into the Bank from other banks via cash, cheque, cashier’s order, local bank transfer payment through Real Time Gross Settlement (RTGS, also known as Clearing House Automated Transfer System (CHATs)), transfer through Faster Payment System (FPS) or telegraphic transfer from other banks, and/or (ii) same currency refund from stock/certificate of deposit/bond/IPO or maturity redemptions proceeds having first been credited into your deposit account (including refunds in all currencies acceptable to the Bank from stock/certificate of deposit/bond/IPO or maturity redemptions proceeds having first been credited into your deposit account and converted to designated currency). Funds that are deposited via cashier’s order/cheques and transfers/remitted from other accounts within the Bank will not be considered as “New Funds”. In case of disputes, the Bank has the sole discretion and final decision to determine the definition of “New Funds”.
The preferential interest rate as referred to the above table is based on the interest rates (p.a.) announced by the Bank as of 2 December 2024 and is for reference only. The interest rates maybe subject to revision as per prevailing market conditions. Deposits in different currencies, tenors, amounts and customer types will have different preferential time deposit interest rates. The Bank will confirm and advise you the final applicable interest rate at the time when the time deposit is placed.
The time deposit NOT exceeding a term of five years is a deposit qualified for protection by the Deposit Protection Scheme in Hong Kong.
Any person or entity that is not a party to these Terms and Conditions shall have no rights under the Contracts (Rights of Third Parties) Ordinance (Cap. 623) to enforce any part of these Terms and Conditions.
The Bank reserves the right to vary the Offer and/or these Terms and Conditions, or to terminate the Offer at its absolute discretion at any time without prior notice.
In case of dispute, the decision of the Bank shall be final and conclusive.
In case of any discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall apply and prevail.
Foreign Exchange Risk Disclosure:
Currency conversion risk - the value of your foreign currency will be subject to the risk of exchange rate fluctuation. If you choose to convert your foreign currency to other currencies at an exchange rate that is less favourable than the exchange rate in which you made your original conversion to foreign currency, you may suffer loss in principal.
Risks relating to RMB:
The Chinese Renminbi is currently a restricted currency. Due to the exchange controls and/or restrictions which may be imposed by the PRC government on the convertibility or utilization of RMB from time to time, there is no guarantee that disruption in the transferability, convertibility or liquidity of RMB will not occur. There is thus a likelihood that you may not be able to convert the Chinese Renminbi received into other freely convertible currencies.
Reminder: “Don’t lend or sell your account. Don’t risk your future for quick money.”
