ICBC (Asia) New Customer HKD Time Deposit Promotion*

Promotion Period: 2nd January 2019 to 28th February 2019

New Customers who apply ICBC “Flexi Plus” Account or securities accounts when setting up HKD time deposit by HKD New Funds at branch can enjoy preferential interest rate up as below:

HKD Time Deposit Amount 188 days
HKD100,000 to below HKD 800,000 2.38%p.a.*
HKD800,000 to below HKD 3,000,000 2.48%p.a.*
HKD 3,000,000 to HKD 5,000,000 2.68%p.a.*

*The preferential interest rates set out above are based on the interest rates of time deposit quoted by the Bank on 31st December 2018 and are for reference purposes only. The actual interest rate shall be subject to the rates as quoted by the Bank from time to time.

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:
1. The promotion period (the “Promotion Period”) is from 2nd January 2019 to 28th February 2019 (both dates inclusive). The New Customer HKD Time Deposit Promotion Offer (“Offer”) is available on a first-come, first-served basis. Each New Customer can only enjoy the Offer once during the Promotion Period.
2. The Offer is applicable to the retail banking personal customers of Industrial and Commercial Bank of China (Asia) Limited (the “Bank” or “ICBC”) who set up 188-day time deposit of the HK dollars at branches.
3. During the Promotion Period, New Customers who open an Integrated / E-Age / Elite Club account and set up HKD time deposit with HKD New Funds in the specified amount with a designated tenor (as shown in the above table) can enjoy the Offer.
4. New Customers must apply ICBC “Flexi Plus” Account or securities account at the same time when open the Time Deposit as referred to in clause 3 above in order to enjoy the Offer.
5. New Customers refer to the customers who have not held any account (in sole-name or joint-name) or only have credit card account(s) (in sole-name or joint-name) with the Bank for the past 12 months prior to the account opening date.
6. 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”. For details of the definition of “New Funds”, please contact the Bank's staff. In case of disputes, the Bank has the sole discretion and final decision to determine the definition of “New Funds”.
7. The preferential interest rate as referred to the above table is based on the interest rates of time deposit quoted by the Bank on 31st December 2018 and subjected to the rates as quoted by the Bank from time to time.
8. An early withdrawal is permissible subject to the Bank’s discretion and handling charges. The Bank reserves the right NOT to pay any interest accrued. In addition, after deduction of relevant handling charges, the amount received by the customers may be less than the principal amount of the time deposit. The customers may contact the Bank’s staff for details of the handling charges.
9. 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.
10. 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.
11. In case of dispute, the decision of the Bank shall be final and conclusive.
12. In case of any discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall apply and prevail.