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Let you enjoy 3-month LIBOR1 on your USD Time Deposit

Don’t miss out on the latest interest rate trend!

USD Step-up Bonus Time Deposit has 4 cycles with 12-month tenor, and each Cycle Interest Rate is adjusted based on 3-month LIBOR.



Period 1 March 2018 to 1 June 2018 1 June 2018 to 3 September 2018 3 September 2018 to 3 December 2018 3 December 2018 to 1 March 2019
Principal (USD) 100,000
Scenario 1 - Assume Increasing Trend of 3-month LIBOR
3-month LIBOR (p.a.) 1.90% 1.95% 2.00% 2.05%
Interest Earned (USD) 485.55 509.16 505.55 501.11
Total Interest Earned (USD) 2,001.37
Scenario 2 - Assume Fluctuation of 3-month LIBOR
3-month LIBOR (p.a.) 1.90% 1.80% 1.85% 1.90%
Interest Earned (USD) 485.55 470.00 467.63 464.44
Total Interest Earned (USD) 1,887.62
Scenario 3 - Assume Decreasing Trend of 3-month LIBOR
3-month LIBOR (p.a.) 1.90% 1.85% 1.80% 1.75%
Interest Earned (USD) 485.55 483.05 455.00 427.77
Total Interest Earned (USD) 1,851.37

The above example are for reference only.



  1. “LIBOR” refers to Cycle Interest Rate for Step-up Bonus Time Deposit Account. USD account will reference LIBOR i.e. the internal 3-month London Inter-Bank Offer Rate quoted by the Bank. This LIBOR refers to 3-month USD ICE LIBOR on previous working day published by Intercontinental Exchange. LIBOR is subject to fluctuation and may move up or down. Please refer Terms and Conditions for Step-up Bonus Time Deposit Account.
  2. “New Funds” refer to monies newly deposited into the Bank within 3 days before Time Deposit account opening date via cash, cheque, cashier’s order, Local Bank Transfer Payment through Real Time Gross Settlement (RTGS, also known as Clearing House Automated Transfer System (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. “Converted Funds” refer to the funds converted from any currency into relevant currency of the Time Deposit. It excludes any currency converted from Premium Deposits or Currency Switching upon maturity. By using Converted Funds, clients must set up the Time Deposit account on the same day of Foreign Exchange conversion.
  3. Premature uplift of Step-up Bonus Time Deposit Account can be exercised only on each Cycle Maturity Date without penalty fee; otherwise penalty fee will be applied. Please refer Terms and Conditions for Step-up Bonus Time Deposit Account.
  4. For the example of Step-up Bonus Time Deposit Account: assume client opens a USD 12-month time deposit account with new funds of USD 100,000 with principal auto-renewal and reset of 3-month LIBOR on each Cycle Start Date for other 3 Cycles and there is no premature uplift before Account Maturity Date. The 3-month LIBOR is subject to fluctuation and may move up or down. The 3-month LIBOR assumed in all cycles for Scenario 1, Scenario 2, and Scenario 3 above is for illustration purpose only and is not guaranteed.

Promotion Period

From 1 March 2018 to 31 May 2018, clients who open the Step-up Bonus Time Deposit Account at branch with New Funds and/or Converted Funds2 of USD 100,000 can enjoy special privileges.

The below time deposit interest rates on apply to Step-up Bonus Time Deposits set up at branch.

Step-up Bonus Time Deposits

Note: The LIBOR is subject to fluctuation and may move up or down. Please approach our branch staff to enquire the interest rate applied on your Step-up Bonus Time Deposits.


Step-up bonus TD Frequently Asked Questions

Terms & conditions