Deposit

FCY Term Deposit
 
FCY Term Deposit

FCY Term Deposit

  • Definition: FCY Entity Term Deposit is one of deposit business in which entity customer and the Bank reach agreement on the deposit term in placing FCY deposit, in the method that the principal is deposited in lump sum and shall be withdrawn upon deposit maturity, while the Bank shall calculate and pay interest in accordance with the interest rate set forth on the deposit date. FCY Entity Term Deposit is categorized into Small-amount FCY Entity Term Deposit and Large-amount FCY Entity Term Deposit based on single deposit amount.Small-amount FCY Entity Term Deposit refers to fixed deposit of single minimum initial deposit amount less than USD 3 million or equivalent. Large-amount FCY Entity Term Deposit refers to fixed deposit of single minimum initial deposit amount equal to or higher than USD 3 million or equivalent.
  • Deposit Currency: USD
  • Term: Four classes of 1, 3, 6, 12 months
  • Interest Rate: Interest of small-amount FCY Entity Term Deposit is calculated at interest rate of the same class announced by the Bank on the deposit date. Interest of large-amount FCY Entity Term Deposit is calculated at interest rate of the same class announced by the Bank on the deposit date, the interest rate remains unchanged within the deposit term.
  • Minimum Initial Deposit:

     - Small-amount FCY Term Deposit: 200 USD or equivalent foreign currency.

​     - Large-amount FX Fixed Deposit:  USD 3,000,000 or equivalent foreign currency.