Corporate Agreement Deposit
Definition: It is a way of deposit in which legal persons and other organizations registered in China open an agreement deposit account with the Bank by signing <the Agreement Deposit Contract for RMB> with the Bank and specify the basic deposit amount in the account. At the end of each day, the interest of the deposit that is not more than or equal to the basic deposit limit in the account is calculated according to the interest rate of the current deposit announced by the Bank and the interest of the deposit that is more than the basic deposit limit in the account is calculated according to the interest rate of agreement deposit announced by the Bank.
Deposit Currency: RMB
Term: No fixed-term
Interest Rate: The agreement deposit interest rate announced by the Bank
Minimum Limit: Negotiable