Preferential Time Deposit – Fresh Fund

Personal Banking customers who place a 3-month or 6-month or 12-month with “Eligible Fresh Fund” * of BND50,000/USD50,000/RMB250,000 or above, can enjoy preferential interest rates as follows:

Above preferential time deposit interest rates are quoted based on the time deposit interest rates of published on 1^st June 2022 and are for reference only, customer can also contact Bank of China (Hong Kong) Limited Brunei Branch ("the Bank") staff for updated preferential time deposit rates.

*Eligible Fresh Fund” refers to any newly deposited funds via either local bank transfer (RTGS), remittance or cash deposit not originating from any existing accounts with the Bank and funds that are not withdrawn and re-deposited within the last 30 calendar days or used under the current offer. In case of any dispute on the definition of “Eligible Fresh Fund”, the decision of the bank shall be final.

Promotion Terms and Conditions:

1. The promotion period is from 1^st June 2022 until further notice.
2. The above time deposit preferential interest rates are based on the interest rates of time deposit quoted on 1^st June 2022 by the Bank and are for reference only. The actual interest rates will be subject to the quotes by the Bank from time to time.
3. To be eligible for the time deposit preferential interest rate offer, customers should place the time deposit of BND50,000 / USD50,000 / RMB250,000 or above via branch counter of the Bank during the promotion period.

Preferential Time Deposit - Existing Fund

Personal Banking customers who place a 3-month or 6-month or 12-month with the existing fund of BND100,000/USD100,000/RMB500,000 or above, can enjoy preferential annual interest rates as follows:

Above preferential time deposit interest rates are quoted based on the time deposit interest rates of published on 1^st June 2022 and are for reference only, customer can also contact the Bank staff for updated preferential time deposit rates.

Promotion Terms and Conditions:

1. The promotion period is from 1^st June 2022 until further notice.
2. The above time deposit preferential interest rates are based on the interest rates of time deposit quoted on 1^st June 2022 by the Bank and are for reference only. The actual interest rates will be subject to the quotes by the Bank from time to time.
3. To be eligible for the time deposit preferential interest rate offer, customers should place the time deposit of BND100,000 / USD100,000 / RMB500,000 or above via branch counter of the Bank during the promotion period,

General Terms:

• The preferential interest rate is a one-off privilege for each time deposit and subsequent renewal of time deposits will be subject to the rate as quoted by the bank at the point of renewal.

• Time deposits may not be uplifted before the maturity date. For a call deposit, maturity refers to the expiry of your notice of the agreed period to the bank. The Bank may permit an early uplift subject to payment of the bank losses, expenses and charges (in the amounts determined by the bank). No interest will be payable on the time deposit if an early uplift is permitted. Interest on a deposit is only payable upon maturity. A time deposit, which would otherwise mature on a non-business day (like Saturday, Sunday or public holiday), matures on next business day.

• If the bank exercises discretion to allow uplift of time deposit before the maturity, no interest will be payable and the customer must pay charges calculated based on the following formulae (whichever is higher) subject to a minimum of BND$35:

1.       Time Deposit Principal x [(Prime Rate* –2.50%) – Time Deposit Interest Rate] x No. of Days due to Maturity/Total No. of Days in a Year

2.       Time Deposit Principal x (Inter-Bank Offer Rate* – Time Deposit Interest Rate) x No. of Days due to Maturity/Total No. of Days in a Year

*Subject to the rate as quoted by the bank from time to time.

• The above offers are only applicable to individual customers.

• The above offers cannot be used in conjunction with other offers that are not listed in this promotional material.

• The above offers are available on a first-come-first-serve basis.

• For details of the above offers, and the relevant terms and conditions, please contact staff of the bank.

• The bank reserves the right to amend, suspend and terminate the above products, services and promotional offers and to amend the terms and conditions at any time at its sole discretion without prior notice to customers.

• In case of any dispute(s), the decision of the bank shall be final.

• In case of any discrepancy(ies) between the Chinese and English versions of this promotional material, the English version shall prevail.

   

  Risk Disclosure:

• RMB / Foreign currencies investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB / foreign currencies may result in losses in the event that the customer converts RMB / foreign currencies into BND or other foreign currencies.

• RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.