Service Description

The corporate agreement deposit is a deposit based on the Agreement Deposit Contract signed between the depositor and the bank. An agreement deposit account linked by a settlement account is opened, funds exceeding the retained money stipulated in the Contract in the nominated settlement account will be transferred into the agreement deposit account and accrue interest at the agreement deposit interest rate separately.

Features

•  Higher interest than current deposit with competent liquidity.

•  Lower threshold of RMB 10,000.

•  Interest for the retained deposit in the nominated settlement account and the agreement deposit in the agreement deposit account are accrued according at the current rate and the agreement deposit rate, respectively.

Handling Guide

•  Corporate clients who have already opened basic deposit account or general deposit account are eligible to apply for agreement deposits with the bank. The client shall sign with the bank the RMB Agreement Deposit Contract.

•  The valid period of the Contract is one year, and will be extended automatically upon due if there is no termination or any modification of the Contract.