Hang Seng Bank’s diversified time deposit and exchange services
help you to capture higher interest rates in a low interest rate
environment. You can enjoy our time deposit and exchange services
via our Business Partner Direct or any branches for convenience.
During “Promotion Period”(1), simply place
a time deposit in the designated currencies with “New Fund”(2)
to enjoy a preferential interest rate(3) of up to:
Convert HKD into designated foreign currencies to enjoy
a preferential exchange rate(4) :
Designated
Foreign Currencies |
Premium
on Exchange Rate of up to (basis points) |
AUD |
40 |
NZD |
40 |
CAD |
40 |
GBP |
160 |
 |
|
| Terms and Conditions: |
| (1) |
The promotion period is from now until 29 November
2008 (“Promotion Period”). |
| (2) |
“New Fund” refers
to fund newly deposited into the Bank using a cheque drawn
on any other bank, inward CHATS or T/T during the Promotion
Period, thereby increasing the aggregate deposits placed by
the customer with Hang Seng Bank Limited (the “Bank”).
For clarification of the definition of "new fund",
please contact our bank staff. In case of any disputes in
relation to the definition of "new fund", the decision
of the Bank shall be final. |
| (3) |
AUD, NZD, CAD and GBP are collectively called the "designated
currencies".
Tenor |
Preferential
Interest Rate ( Board Rate + ) |
Condition |
1 - 3 months |
+1.4%p.a. |
Only applicable to commercial customers who place
a designated currencies time deposit from HKD50,000
to HKD5,000,000 equivalent and in a tenor from 1 to
3 months
(1) with "New Fund" in the designated currencies
or
(2) by converting HKD “New Fund” into designated
currencies |
1 - 3 months |
+1.2%p.a. |
Only applicable to commercial customers who convert
the existing HKD deposits into designated currencies
and place in a designated currencies time deposit from
HKD50,000 to HKD5,000,000 equivalent and in a tenor
from 1 to 3 months |
The above preferential interest rates of designated currencies
are quoted based on interest rate of the Board Rate plus 1.4%p.a.
for placing time deposits in designated currencies with New
Fund amounted HKD1,000,000 equivalent and in a tenor of 3
months. Interest rate as at 14 Nov 2008 are quoted by the
Bank, which is for reference only. The actual interest rates
will be subject to the rate quoted by the Bank from time to
time.
The preferential interest rate offer is only applicable to
the transactions conducted via the appointment made with Business
Partner Direct and any branches of the Bank, and not applicable
to the renewal of the existing time deposits in the AUD /
NZD / CAD / GBP nor to the transactions conducted via
Hang Seng e-Banking. |
| (4) |
Commercial customers who maintain Prestige Banking
Account are eligible to enjoy a premium of up to 160 basis points
on exchange rate for exchanging GBP, and a premium of up to
40 basis points for exchanging AUD, NZD, and CAD. Commercial
customers who maintain Preferred Banking, Integrated Account
and Integrated Business Solution Account are eligible to enjoy
a premium of up to 150 basis points on exchange rates for exchanging
GBP, and a premium of up to 30 basis points for exchanging AUD,
NZD and CAD. Commercial Customers who maintain other than the
Prestige Banking, Preferred Banking, Integrated Account and
Integrated Business Solution Account are eligible to enjoy a
premium of up to 100 basis points on exchange rates for exchanging
GBP, and a premium of up to 20 basis points for exchanging AUD,
NZD and CAD. The above offers are only applicable to the conversion
of HKD to designated currencies or vice versa, and not applicable
to conversion between foreign currencies. |
Remarks: |
• |
Interest rates and exchange
rates are subject to review according to changes in market
conditions from time to time. The Bank reserves the right
to change the above interest rates and exchange rate offers
at any time. Before making the relevant transaction, please
check with our staff for the effective rates of the transaction.
Fluctuations in the exchange rate of a foreign currency may
result in gains or losses in the event that the customer converts
a time deposit from the foreign currency to HKD upon maturity. |
• |
The above offers cannot be
used in conjunction with other exchange rate offers or preferential
interest rate for the same currency. |
• |
The Bank reserves the right
to change the above terms and conditions or offers or terminate
the offers at any time without prior notice. In case of disputes
over the above terms and conditions or offers, the decision
of the Bank shall be final. |
|