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General Terms & Conditions
1.
Standard Chartered Bank (Hong Kong) Limited渣打銀行(香港)有限公司("the Bank") reserves the right to vary, modify or terminate any of the offers (including the preferential savings interest rates) and to amend the applicable terms and conditions from time to time without prior notice. In case of disputes, the decision of the Bank shall be final and binding.
2.
The below Interest Rate Offers are only applicable to time deposit setup through branches or dedicated hotline.
3. The time deposit interest rate is valid on the date as specified on the relevant promotion webpage only. The interest rates are for reference only and are not guaranteed. The Bank reserves the right to make any adjustment to the interest rates from time to time at its sole absolute discretion.
4. The Bank reserves the right to approve or reject the set up of any time deposit at its own discretion and to alter or terminate the offer and the relevant terms and conditions at anytime. Should there be any disputes, the Bank's decision is final and conclusive.
5.
“New Funds” in these Terms and Conditions refers to monies newly deposited into the Bank within 3 days before Time Deposit account opening date via cash, cheque, cashier's order, inward CHATs or Telegraphic Transfer from other banks. It excludes the renewal or rollover of existing time deposits, transfer of funds from any account within the Bank or any currency converted from Premium Deposits upon maturity.
6. The relevant interest rate set out in the table in the promotional webpage shall apply to the corresponding Hong Kong Dollars or designated foreign currenc(ies) time deposit of a particular tenor.
7. The equivalent amount in HKD for the designated foreign currenc(ies) will be calculated based on the exchange rate determined at the sole discretion of the Bank.
8. In the event that Customers are also entitled to other prevailing promotion offers or privileges, the Bank reserves the right to provide only one or some of the offer(s) and/or privilege(s) at its absolute discretion.
9. This promotional material is related to promotion offers only. Customers are advised to read the terms and conditions of the banking products or services concerned, (for Business Clients customers, also the "Conditions for Accounts (Hong Kong)", which are available at our website at www.sc.com/hk) which form part of the banking agreement between the customers and the Bank.
10. If there is any inconsistency or conflict between the English and the Chinese versions, the English version shall prevail.
   
Terms and Conditions for Exclusive Time Deposit Interest Rate Offer (For Personal Customers)
1. The Exclusive Time Deposit Interest Rate Offer (For Personal Customers) is applicable to personal customers who successfully set up time deposit with New Funds in HK$100,000 or above or the equivalent in designated foreign currenc(ies) except for RMB for which the minimum time deposit is RMB20,000.
   
Terms and Conditions for Exclusive Time Deposit Interest Rate Offer (For Business Clients Customers)
1. The Exclusive Time Deposit Interest Rate Offer (For Business Clients Customers) is applicable to Business Clients customers who successfully set up time deposit with New Funds in HK$100,000 or above or the equivalent in designated foreign currenc(ies) except for RMB for which the minimum time deposit is RMB 100,000.
   
Terms and Conditions for HKD preferential time deposit interest rate for New Customers (the “Time Deposit Offer”)
1. Time Deposit Offer is applicable to New Customer signing up for Priority Banking during the Promotion Period.
2. Customer has to deposit New Funds(“New Funds”) of no less than HK$1,000,000 and set up HKD time deposit through branches within 2 weeks upon the Priority Banking sign-up during the Promotion Period. The minimum and maximum time deposit amount for the Time Deposit Offer entitlement is HK$500,000 and HK$1,000,000 respectively.
3. New Funds” refers to monies deposited by cash, cheque/cashier’s order, inward CHATs, telegraphic transfer from other banks excluding renewal or rollover of existing time deposits, transfer of funds from any account within the Bank or any currency converted from Premium Deposit upon maturity.
4. Each customer will be entitled to the Time Deposit Offer once during the Promotion Period.  Offer is valid during Promotion Period and is offered on a first come, first served basis.
5. The Bank reserves the right to make any adjustment to the interest rate from time to time at its sole absolute discretion. The Bank reserves the right to approve or reject the set up of any time deposit at its own discretion and to alter or terminate the offer and the relevant terms and conditions at anytime. Should there be any disputes; the Bank's decision is final and conclusive.
   
Terms and Conditions for Foreign Currency Preferential Savings Interest Rate Offer (For “New-to-Currency” customers)
1. The Foreign Currency Preferential Savings Interest Rate Offer (For New-To-Currency Customers) is applicable to New-to-Currency customers with deposit account setup or registration between 2 January 2015 and 31 March 2015, both dates inclusive (“Promotion Period”) and have signed up our Priority Banking or Personal Banking Privileged Plan service. Preferential rates will be offered to sub-account(s) of RMB, AUD, NZD or GBP under Integrated Deposit Account (“IDA”) for 3 months starting from the account opening date of IDA (for customers with new IDA) or registration date (for customers with existing IDA) (“Preferential Interest Rate Period”). After the Preferential Interest Rate Period, the Bank’s prevailing savings interest rates will apply to the relevant sub-account(s) of the designated currency(ies) (which may be RMB, AUD, NZD or GBP) under IDA.
2. Preferential savings interest rates are not guaranteed and subject to change from time to time and at our sole and absolute discretion. The prevailing preferential savings interest rates can be obtained from any of our branches or from the Bank’s website at www.sc.com/hk.
3. Simple interest for RMB, AUD & NZD sub-account of IDA during the Preferential Interest Rate Period will be calculated based on the total deposit balance of the respective sub-account at the relevant preferential savings interest rate and will be calculated on a 360-day year basis.
4. Simple interest entitled in GBP sub-account of IDA during the Preferential Interest Rate Period will be calculated based on the total deposit balance of the GBP sub-account at the relevant preferential savings interest rate and will be calculated on a 365-day year or  366-day year basis (in the case of a leap year) .
5. If the account is jointly owned, only primary account holder will be the eligible customer.
6. A “New-to-Currency” customer refers to customer who does NOT hold the designated currency(ies) (which may be RMB, AUD, NZD or GBP) balance solely or jointly with others in the Bank, including Savings Account(s), Current Account(s), sub-accounts in IDA and Time Deposit Account(s) of that designated currency(ies), with the Bank in preceding 12 months from the date of Promotion Period.
   
Risk Disclosure Statements for RMB Deposit Services:
Renminbi ("RMB") exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the customer subsequently converts RMB to another currency (including Hong Kong dollars); and
RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions specified by the Bank and regulatory requirements applicable from time to time.. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.
   
Foreign Exchange Risk Disclosure Statement:
Foreign Exchange involves risks. Fluctuation 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.
 
 
 

Issued by Standard Chartered Bank (Hong Kong) Limited
 
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