Easily enjoy great interest
with the flexible Hang Seng Deposit Services
From now until 31 July 2023, as a Selected Customer1, you
can enjoy a preferential savings rate of up to
7.5% p.a. by
depositing new funds into your HKD and/or USD Savings/Current
Account (“Eligible Deposit Account(s)”)2 maintained with us
by completing 3 simple steps!
3 simple steps for an up to
7.5%
p.a. Preferential Savings Rate
Deposit new funds (requirement 1):
Deposit new funds to reach the Eligible Incremental Balance3 of HKD50,000 or above / USD10,000 or above by 31 July 2023
Deposit new funds to reach the Eligible Incremental Balance3 of HKD50,000 or above / USD10,000 or above by 31 July 2023
Maintain the total balance of the Deposit Account (requirement
2):
For each calendar day throughout the Bonus Interest Period, maintain the total balance of the Eligible Deposit Account at not lower than that on 31 July 2023
For each calendar day throughout the Bonus Interest Period, maintain the total balance of the Eligible Deposit Account at not lower than that on 31 July 2023
It’s done! Your designated Eligible Incremental Balance3
will be entitled to the respective Bonus Savings
Rate4 during the Bonus Interest Period
-
If you fulfill the Requirements in Phase I
You will enjoy the respective Bonus Savings
Rate4 in Phase I only
-
If you fulfill the Requirements in both Phases I and II
you can enjoy the respective Bonus Savings
Rate4 in both Phases I and II
-
If you do not fulfill the requirement in Phase I
you
cannot enjoy any bonus rate for Phase I and Phase II.
Bonus Interest Period
Phase I
1-31 August 2023
(both dates inclusive)
1-31 August 2023
(both dates inclusive)
Phase II
1-30 September 2023
(both dates inclusive)
1-30 September 2023
(both dates inclusive)
Currency
Preferential Savings Rate
Preferential Savings Rate
HKD
2.0%
(Includes Bonus Savings Rate of 1.25% p.a. and
prevailing Savings Rate of 0.75% p.a.)*
6.0%
(Includes Bonus Savings Rate of 5.25% p.a. and
prevailing Savings Rate of 0.75% p.a.)*
USD
3.0%
(Includes Bonus Savings Rate of 2.125% p.a. and
prevailing Savings Rate of 0.875% p.a.)*
7.5%
(Includes Bonus Savings Rate of 6.625% p.a. and
prevailing Savings Rate of 0.875% p.a.)*
Swipe
*
Prevailing Savings Rate is only applicable to HKD/ USD
savings accounts. As of 19 June 2023, the Bank’s
prevailing Savings Rate is 0.75% p.a. for HKD5,000 or
above and 0.875% p.a. for USD1,000 or above. The
Preferential Savings Rate and Bonus Savings Rate quoted
above are indicative and for reference only, and may
change from time to time at the Bank’s sole discretion.
The bonus interest will be credited into your relevant Eligible
Deposit Account on or before 30 November 2023.
Example Demonstration
Example 1: Customer fulfilling the requirements in both Phases I
and II of the Bonus Interest Period
Eligible Incremental Balance will be entitled to the
respective Bonus Savings Rate
Phase I
Phase II
HKD 1.25% p.a.
HKD 5.25% p.a.
USD 2.125% p.a.
USD 6.625% p.a.
Step 1
Deposit new funds
Eligible Incremental Balance of
HKD50,000 or above / USD10,000 or above
Step 2
Maintain The Eligible Deposit Account Balance
Maintain the total balance of the Eligible Deposit
Account at
not lower than that on 31 Jul 2023 (B)
Step 3
Entitled to the respective Bonus Savings Rate
Deposit on or before 30 Nov 2023
31 May 2023
31 Jul 2023
1-31 Aug 2023
(Bonus Interest Period
Phase I )
(Bonus Interest Period
Phase I )
1-30 Sep 2023
(Bonus Interest Period
Phase II)
(Bonus Interest Period
Phase II)
On or before 30 Nov 2023
Eligible Deposit
Account Balance(A)
Account Balance(A)
Eligible Deposit
Account Balance(B)
Account Balance(B)
Eligible Incremental Balance (B) - (A)
Average Daily Deposit
Account Balance
Account Balance
Average Daily Deposit
Account Balance
Account Balance
Enjoy The Respective Bonus Interest in
Phase I (C)
Enjoy The Respective Bonus Interest in
Phase II (D)
Enjoy the total Bonus Interest
(C) + (D)
(C) + (D)
$500,000
$1,200,000
$700,000
$1,300,000
$1,400,000
$743.15^
$3,020.55^
$3,763.70
$200,000
$500,000
$300,000
$600,000
$700,000
$548.96^
$1,656.25^
$2,205.21
Fulfill the Requirements
Fulfill the Requirements
Can enjoy the respective Bonus Savings Rate in both
Phases I and II
Swipe
^
Bonus Interest = Designated Eligible Incremental Balance x
Bonus Savings Rate x No. of days in the Bonus Interest
Period / 365 days (applicable for HKD) or 360 days
(applicable for USD)
Example 2: Customer fulfilling the requirements only in Phase I
of the Bonus Interest Period
Eligible Incremental Balance will be entitled to the
respective Bonus Savings Rate
Phase I
HKD 1.25% p.a.
USD 2.125% p.a.
Step 1
Deposit new funds
Eligible Incremental Balance of
HKD50,000 or above / USD10,000 or above
Step 2
Maintain The Eligible Deposit Account Balance
Maintain the total balance of the Eligible Deposit
Account at
not lower than that on 31 Jul 2023 (B)
Step 3
Entitled to the respective Bonus Savings Rate
Deposit on or before 30 Nov 2023
31 May 2023
31 Jul 2023
1-31 Aug 2023
(Bonus Interest Period
Phase I )
(Bonus Interest Period
Phase I )
1-30 Sep 2023
(Bonus Interest Period
Phase II)
(Bonus Interest Period
Phase II)
On or before 30 Nov 2023
Eligible Deposit
Account Balance(A)
Account Balance(A)
Eligible Deposit
Account Balance(B)
Account Balance(B)
Eligible Incremental Balance (B) - (A)
Average Daily Deposit
Account Balance
Account Balance
Average Daily Deposit
Account Balance
Account Balance
Enjoy The Respective Bonus Interest in
Phase I (C)
Enjoy The Respective Bonus Interest in
Phase II (D)
Enjoy the total Bonus Interest
(C) + (D)
(C) + (D)
$500,000
$1,200,000
$700,000
$1,300,000
$1,000,000
$743.15^
$0
(Cannot fulfill the Requirements in Phase II)
(Cannot fulfill the Requirements in Phase II)
$743.15
$200,000
$500,000
$300,000
$600,000
$400,000
$548.96^
$0
(Cannot fulfill the Requirements in Phase II)
(Cannot fulfill the Requirements in Phase II)
$548.96
Fulfill the Requirements
Fulfill the Requirements
Cannot fulfill the Requirements
Can only enjoy the Bonus Savings Rate in Phase I
Swipe
^
Bonus Interest = Designated Eligible Incremental Balance x
Bonus Savings Rate x No. of days in the Bonus Interest
Period / 365 days (applicable for HKD) or 360 days
(applicable for USD)
Example 3: Customer not fulfilling the requirements in Phase I
of the Bonus Interest Period
Step 1
Deposit new funds
Eligible Incremental Balance of
HKD50,000 or above / USD10,000 or above
Step 2
Maintain The Eligible Deposit Account Balance
Maintain the total balance of the Eligible Deposit
Account at
not lower than that on 31 Jul 2023 (B)
Step 3
Entitled to the respective Bonus Savings Rate
Deposit on or before 30 Nov 2023
31 May 2023
31 Jul 2023
1-31 Aug 2023
(Bonus Interest Period
Phase I )
(Bonus Interest Period
Phase I )
1-30 Sep 2023
(Bonus Interest Period
Phase II)
(Bonus Interest Period
Phase II)
On or before 30 Nov 2023
Eligible Deposit
Account Balance(A)
Account Balance(A)
Eligible Deposit
Account Balance(B)
Account Balance(B)
Eligible Incremental Balance (B) - (A)
Average Daily Deposit
Account Balance
Account Balance
Average Daily Deposit
Account Balance
Account Balance
Enjoy The Respective Bonus Interest
$500,000
$1,200,000
$700,000
$1,000,000
$1,400,000
$0
$200,000
$500,000
$300,000
$400,000
$700,000
$0
Fulfill the Requirements
Cannot fulfill the Requirements in Phase I
Cannot enjoy the Bonus Savings Rate
Swipe
Example 4: Customer not fulfilling the requirements for the
Eligible Incremental Balance
Step 1
Deposit new funds
Eligible Incremental Balance of
HKD50,000 or above / USD10,000 or above
Step 2
Maintain The Eligible Deposit Account Balance
Maintain the total balance of the Eligible Deposit
Account at
not lower than that on 31 Jul 2023 (B)
Step 3
Entitled to the respective Bonus Savings Rate
Deposit on or before 30 Nov 2023
31 May 2023
31 Jul 2023
1-31 Aug 2023
(Bonus Interest Period
Phase I )
(Bonus Interest Period
Phase I )
1-30 Sep 2023
(Bonus Interest Period
Phase II)
(Bonus Interest Period
Phase II)
On or before 30 Nov 2023
Eligible Deposit
Account Balance(A)
Account Balance(A)
Eligible Deposit
Account Balance(B)
Account Balance(B)
Eligible Incremental Balance (B) - (A)
Average Daily Deposit
Account Balance
Account Balance
Average Daily Deposit
Account Balance
Account Balance
Enjoy The Respective Bonus Interest
$500,000
$540,000
$40,000
Not Applicable
Not Applicable
$0
$200,000
$200,000
$0
Not Applicable
Not Applicable
$0
Not Eligible
Not Applicable
Cannot enjoy the Bonus Savings Rate
Swipe
Want to effortlessly deposit new funds and enjoy the above benefits? Try the Pull Money and Mobile Cheque Deposit service!
Pull Money
Mobilise your funds instantly from other local banks to Hang
Seng on Hang Seng Mobile App.
Mobile cheque deposit5
No branch visit needed. Scan your cheques and deposit via
Hang Seng Mobile App anytime, anywhere.
As your daily banking partner, we are committed to taking care of your everyday financial needs on all fronts. Be it savings, bill payment or merchant payment, you can get it done hassle-free with one click via the Hang Seng Personal e-Banking or Mobile App.
From 1 July to 30 September 2023, simply complete designated transactions for a chance to share a prize of HKD 1 million#!
#
Terms and conditions apply to the offer.
Act now to enjoy the bonus interest and fabulous rewards!
Enquiry Hotlines
Prestige Private
2998 8022
Prestige Banking
2998 9188
Preferred Banking
2822 8228
Integrated Accounts
2822 8233
Terms & Conditions apply
Notes:
- "Selected Customer(s)" refers to the personal customer(s) who has/ have received the relevant promotion materials from Hang Seng Bank Limited (“the Bank"). This offer is not applicable to the employees of the Bank.
- “Eligible Deposit Account(s)” includes the Savings/ Current Account(s) of a Selected Customer in Hong Kong Dollars (HKD) and/or US Dollars (USD) maintained with the Bank in his/ her sole name or in the capacity as the primary account holder in the case of a joint account. For the avoidance of doubt, Time Deposit accounts are excluded from the Eligible Deposit Accounts.
- Eligible Incremental Balance means the incremental total balance, per currency, of the relevant Eligible Deposit Account on 31 July 2023 as compared with that on 31 May 2023. In the case of any funds transfer made after 9pm on Mondays to Fridays or 6pm on Saturdays, and cheques deposited after the cut-off time of the Bank, the deposit balance will be updated and reflected in the calculation of the Eligible Incremental Balance on the next working day. All the related account deposit balances shall be based on the records of the Bank.
- The Bonus Savings Rate is applicable to the Eligible Incremental Balance up to the cap of HKD8,000,000 or USD1,000,000 only. The prevailing Savings Rate will apply to any deposits in excess of the cap (Prevailing Savings Rate is only applicable to HKD/USD savings accounts) . The Bonus interest part is calculated as simple interest for HKD on a 365-day or 366-day basis (for a leap year), as simple interest for USD on a 360-day basis.
- The Mobile Cheque Deposit service is applicable to the Hong Kong Dollar cheques, cashier orders, customized cheque and dividend cheques. The deposit limit of each cheque is HKD100,000 and the maximum daily deposit amount is HKD100,000. A maximum of 20 cheques can be deposited. For cheques deposit before 5:30pm on the settlement day, the funds will be credited as soon as on the next settlement day. Terms & Conditions apply.
Foreign Currency Risk
Foreign Exchange involves Exchange Rate Risk. Fluctuations in the
exchange rate of a foreign currency may result in gains or losses
in the event that the customer converts the HKD to a foreign
currency or vice versa.