General Terms and Conditions

  1. The promotion period of this offer is from 1 July 2023 to 30 September 2023, both dates inclusive (“Promotion Period”).
  2. No person other than the customer and Hang Seng Bank Limited (“the Bank”) (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these Terms and Conditions.
  3. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
  4. These Terms and Conditions are subject to prevailing regulatory requirements.
  5. The Bank reserves the right to suspend, vary and terminate this promotion and offer at any time and amend the relevant Terms and Conditions of this promotion and offer from time to time without prior notice.
  6. In case of any disputes, the decision of the Bank on all matters relating to this promotion and offer shall be final and binding on all parties concerned. This promotion and offer are subject to the Terms and Conditions of relevant products or services. If there is any inconsistency between the Terms and Conditions of relevant products or services and these Terms and Conditions, these Terms and Conditions shall prevail.
  7. In case of any discrepancy between the English and the Chinese version of these Terms and Conditions, the English version shall prevail.

    8. Preferential Savings Rate Offer

  8. This offer is only applicable to personal customers who have received the relevant promotion materials from the Bank (“Selected Customers”), and their Savings/ Current Account(s) in Hong Kong Dollars (HKD) and/or US Dollars (USD) maintained with the Bank in their sole name or in the capacity as the primary account holder in the case of a joint account (“Eligible Deposit Account(s)”). For the avoidance of doubt, Time Deposit accounts are excluded from the Eligible Deposit Accounts.
  9. This offer is not applicable to the employees of the Bank.
  10. Eligible Incremental Balance means the incremental total balance, per currency, of all relevant Eligible Deposit Accounts 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.
  11. Selected Customers fulfilling both the below-mentioned requirements 11a and 11b (“Requirements”) (“Eligible Customers”) will enjoy the respective Bonus Savings Rate in the Bonus Interest Period as follows. Eligible Customers fulfilling the Requirements in Phase I only can enjoy the respective Bonus Savings Rate in Phase I. Eligible Customers fulfilling the Requirements in both Phases I and II can enjoy the respective Bonus Savings Rate in both Phases I and II. If a Selected Customer does not fulfill the Requirement in Phase 1, he/ she will not be eligible for this offer.
    1. Depositing new funds to reach the Eligible Incremental Balance of HKD50,000 or above / USD10,000 or above by 31 July 2023; and
    2. Maintaining the total balance of all Eligible Deposit Accounts for each calendar day throughout the Bonus Interest Period at not lower than that on 31 July 2023.
    Bonus Interest Period Phase I：1 – 31 August 2023
    (Both dates inclusive)     		Phase II：1 – 30 September 2023
    (Both dates inclusive)
    Currency Preferential Savings Rate Preferential Savings Rate
    HKD 2.0% p.a.
    (Includes Bonus Savings Rate of 1.25% p.a. and prevailing Savings Rate of 0.75% p.a.)*     		6.0% p.a.
    (Includes Bonus Savings Rate of 5.25% p.a. and prevailing Savings Rate of 0.75% p.a.)*
    USD 3.0% p.a.
    (Includes Bonus Savings Rate of 2.125% p.a. and prevailing Savings Rate of 0.875% p.a.)*     		7.5% p.a.
    (Includes Bonus Savings Rate of 6.625% p.a. and prevailing Savings Rate of 0.875% p.a.)*
    1. 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.
  12. The Bonus Savings Rate is applicable to the Eligible Incremental Balance up to the cap of HKD 8,000,000 or USD 1,000,000 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).
  13. 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.
  14. The bonus interest will be credited into the relevant Eligible Deposit Account(s) of each Eligible Customers on or before 30 November 2023. At the time the bonus interest is credited, each Eligible Customer must continue to maintain a valid Eligible Deposit Account of the same currency, or he/ she will be deemed to have forfeited the right to receive the relevant bonus interest.
  15. Each Eligible Customer can enjoy this offer only once during the Promotion Period, and cannot be used in conjunction with other savings offers of the same currency (including but not limited to deposits under the Mortgage-link Loan Scheme).

Your Everyday Banking Reward

  1. The promotion period of this offer is from 1 July 2023 to 30 September 2023. Terms and conditions apply. For details, please contact our branch staff or visit Hangseng.com/deposits1.

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.