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    Time Deposits

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    Place a time deposit with new funds to enjoy the preferential interest rate

    Set up now
    View new fund rates

    HKD Time Deposit

    Features Details
    Minimum deposit amount HKD10,000
    Deposit tenor 1 day to 5 years
    Monthly interest payments Applicable to tenors from 18 months to 5 years and a minimum deposit amount of HKD50,000[1]

    Online exclusive offer

    		 Set up via Hang Seng Mobile App or Personal e-Banking to enjoy a preferential deposit rate
     
    What's the new fund rate for Hang Seng HKD Time Deposit? 
    Please visit here for the latest rates or check it via Hang Seng Mobile App or Personal e-Banking. 

    CNY Time Deposit

    Features Details
    Minimum deposit amount CNY10,000
    Deposit tenor 1 week to 12 months
    Online exclusive offer Set up via Hang Seng Mobile App or Personal e-Banking to enjoy a preferential deposit rate
     
    What's the new fund rate for Hang Seng CNY Time Deposit? 
    Please visit here for the latest rates or check it via Hang Seng Mobile App or Personal e-Banking. 

    Foreign Currency Time Deposit

    What currencies are available for Hang Seng Foreign Currency Time Deposits?
    We offer 10 currencies, including USD, AUD, GBP, CAD, NZD, EUR, JPY, CHF, THB and ZAR.
     
    What's the minimum deposit amount for each Foreign Currency Time Deposit?
    Currencies Minimum deposit amount Maximum tenors
    USD, AUD, GBP, CAD, NZD, EUR, CHF 1,000 in the respective currency
    • USD: 5 years 
    • CHF: 1 year 
    • Other currencies: 3 years[2]
    JPY, THB 100,000 in the respective currency
    • JPY: 1 year 
    • THB: 6 months 
    ZAR 10,000 in the respective currency

    1 year

     

    Which Foreign Currency Time Deposits provide monthly interest payments?
    You can receive monthly interest payments for the following currencies with a minimum deposit of 10,000[3] in the respective currency:
    Currencies Tenors with monthly interest payment
    AUD, GBP, CAD, NZD, EUR 18 months to 3 years
    USD 18 months to 5 years

     

    What are the new fund rates for Hang Seng Foreign Currency Time Deposits?
    Please visit here for the latest rates or check it via Hang Seng Mobile App or Personal e-Banking. 

    FAQs

    A time deposit refers to locking in funds for a specified deposit period to earn a higher interest rate than a typical savings account.

    Yes. You can have multiple time deposits at the same time and choose different amounts, tenors, and currencies for each deposit.

    Yes. You can set up a time deposit through a joint-named Integrated Account. The actual set up process depends on the authorisation arrangement of the account.

    You can set up a time deposit via the following 4 channels:

    • Hang Seng Mobile App
    • Personal e-Banking
    • Phone Banking
    • Visit our branches
    Channels Mon to Fri Sat
    Hang Seng Mobile App and Personal e-Banking 8:00 a.m. to 8:30 p.m.

    8:00 a.m. to 4:55 p.m. (only applicable to HKD time deposit)
    Phone Banking  9:00 a.m. to 7:00 p.m. 9:00 a.m. to 12:55 p.m.

     

    If you place an instruction outside service hours, including:

    • Suns
    • Public holidays in Hong Kong
    • Holidays of the country or region where the currency of the time deposit is issued
    • Non-clearing days due to adverse weather conditions such as typhoon signals or rainstorm warnings

    The instruction will be processed on the next working day. The time deposit will be set up using the board rate applicable on that working day.

    Once a time deposit has been set up, you generally can’t increase the principal. If you have additional funds, you can choose to open a new time deposit.

    Maturity instructions Description
    Full renewal Renew both principal and interest for a specific period
    Renew principal and credit interest  Renew principal only, the interest will be credited to a specific account
    Add specific amount to principal Add a fixed amount to the principal for each renewal
    Deduct specific amount from principal Deduct a fixed amount from the principal for each renewal
    Uplift both principal and interest Uplift the deposit by crediting both principal and interest to a specific account

    You can amend the instruction at least 1 working day before the maturity date via Hang Seng Mobile App or Personal e-Banking in the below time period:

    • Mon to Fri: Before 8:30 p.m.
    • Sat: Before 4:55 p.m.

    Non-clearing days include:

    • Sats and Suns
    • Public holidays in Hong Kong
    • Holidays of the country or region where the currency of the time deposit is issued
    • Non-clearing days due to adverse weather conditions such as typhoon signals or rainstorm warnings

    If the time deposit maturity date falls on a non-clearing day, the principal and interest will be paid on the next clearing day based on the contractual interest rate, with the interest being paid up to but excluding that day.

    If you choose an auto-renewal maturity instruction, your deposit will be automatically renewed at our prevailing board rate upon maturity until you change the maturity instruction.

    If you have an urgent need for funds, you may apply to us for an early withdrawal of your time deposit before maturity. We'll decide, at our discretion, whether to approve the request.

    Please note the following 2 points:

    • We reserve the right not to pay any interest on the deposit and to charge a handling fee
    • Early withdrawal is not available for ZAR and THB time deposits.
    Interest and maturity proceeds will be handled according to the maturity instructions you selected when you set up the time deposit and credited to your designated account in the corresponding currency.

    Set up a time deposit with new funds via Hang Seng Mobile App to enjoy a preferential rate. Download now!

    scan to download Hang Seng Mobile App
    Download Hang Seng Personal Banking mobile app on App Store
    Download Hang Seng Personal Banking mobile app on Google Play

    Download Hang Seng Mobile App via APK file

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    Don't have an integrated account?

    Mobile Account Opening / Upgrade

    Open or upgrade a bank account anytime, anywhere via Hang Seng Mobile App[4]

    Apply now
    View details
    Terms and Conditions apply.

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    Footnote

    Other point(s) to note

    1. You can view Descriptive information of Personal Account Operations for details about your Savings Accounts, Current Accounts, Time Deposits, Phone Banking and various payment services.

    Remark(s)

    1. If the maturity date and interest payment date for HKD time deposits fall on a non-clearing day, such as:
      • Sunday
      • Hong Kong public holidays
      • Non-clearing days due to adverse weather conditions such as typhoon signals or rainstorm warnings
      The principal and interest will be paid on the next clearing day, with the interest being paid up to but excluding that day, based on the contractual interest rate.
    2. The 4-year and 5-year deposit terms are only available for USD time deposits.
    3. If the maturity date and interest payment date for foreign currency time deposits fall on a non-clearing day, such as:
      • Sunday
      • Hong Kong public holidays
      • Holidays of the country or region where the currency is issued
      • Non-clearing days due to adverse weather conditions such as typhoon signals or rainstorm warnings
      The principal and interest will be paid on the next clearing day, with the interest being paid up to, but excluding that day, based on the contractual interest rate.
    4. Mobile Account Opening / Upgrade is not available to customers who:
      • Only hold joint-named Integrated Accounts
      • Already hold a sole-named Prestige Banking account
      Such customers can make an appointment online to open or upgrade account in any of our branches.

    Risk Disclosure(s)

    1. RMB Currency Risk
      Renminbi ("RMB") is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses in the event that the customer subsequently converts RMB into another currency (including Hong Kong Dollars). Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. RMB is currently not freely convertible and conversion of RMB may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.
    2. Foreign Currency Risk
      Foreign exchange involves exchange rate risk. Fluctuations in the exchange rate of a foreign currency may result in gains or loss of principal in the event that the customer converts the deposits from HKD or foreign currency to another currency.