“Golden Snowball” runs ease life; “ Daily Gold” achieves maximized fortune

Want to enjoy compound interest with ease wealth management? Brand-new wealth management product – “Ease Fortune” of Industrial Bank will take care of what you concern and achieve what you wish, making your fund earning interest every week and reaping profit everyday. On the base of “Wealth Management Card”,“Ease Fortune” launched by Industrial Bank will calculate interest in 7- day or everyday cycle, which will create compound interest for customers.

[Features]

•  Automatic Arrangement with compound interest

Once you open “Ease Fortune” service, the system will automatically transfer the qualified fund ( ≥ RMB 50,000) to the corresponding account from your RMB current account and calculate the interest in 7-day or everyday cycle. Set by multiple of RMB 1,000 and as part of the principal, the combination of interest and the available fund in your current account will be transferred automatically to the corresponding account for new-cycle interest calculating to achieve compound interest of fund.

•  Complete series with full varieties

In order to satisfy your diverse needs, “Ease Fortune” offers 2 types of account for your choice -- “Golden Snowball” account (in 7-day cycle) and “Daily Gold” account (in everyday cycle).

•  High yield ratio without risk

The yield ratio of “Golden Snowball” is “1.62% + Compound Interest”, and the yield ratio of “ Daily Gold” account is “1.08% + Compound Interest”. Without any risk of principal and interest, the ratios are 2.25 times and 1.50 times higher than current account respectively.

•  Flexible investment with convenient money withdrawing

When you have extra fund, the investment can be increased freely to earn compound interest; when you need working capital fund, the money can be withdrawn at any moment in term of certain regulation of the bank.

[Handling Guide]

“Ease Fortune” can be activated through any outlet of Industrial Bank by valid ID card and “ Wealth Management Card”. This service will soon be available over internet banking and telephone banking of Industrial Bank in succession.

[Wealth Management Case]

Mr. Huang has deposited RMB 300,000 in his Wealth Management Card.

•  If Mr. Huang chooses current account for his fund, the annual interest income will be:

RMB 300000 * 0.72% * 0.8 = RMB1728

•  If Mr. Huang chooses “Golden Snowball” account for his fund, the annual interest income (calculated in 52 compound interest cycles annually) will be:

[RMB 300000* （ 1+1.62% / 52 ） 52 - 300000] * 0.8 = RMB 3912

By selecting “Golden Snowball” account, Mr. Huang will earn more interest income of RMB 2184 (RMB 3912 - RMB1728 = RMB 2184), 2.27 times higher than that of current account.

•  If Mr. Huang chooses “Daily Gold” account for his fund, the annual interest income will be:

[RMB 300000 * (1+1.08%/360) 360 -300000] * 0.8 = RMB 2606

By selecting “Daily Gold” account, Mr. Huang will earn more interest income of RMB 878 (RMB 2606 - RMB1728 = RMB 878), 1.51 times higher than that of current account.