Introduction
Large-Sum Certificate of Deposit (CD), issued by IB to investors, are book-entry deposit vouchers. As a bank deposit financial product, they fall under the category of general deposits.
Key Features
1.High Security: Same as ordinary time deposits, the Large-Sum Certificates of Deposit are considered deposits and are included within the ambit of commercial bank deposit insurance.
2.Enhanced Returns: Priced closely to market standards, these certificates have a higher entry threshold than ordinary time deposits, starting at a minimum of ￥200,000. However, they offer a more competitive interest rate compared to ordinary time deposits.
3.Robust Liquidity: These certificates can be withdrawn prematurely on the very same day of the purchase. With the added benefit of transferability, they guarantee the flexibility of your capital deployment.
Issuance Details
1.Mode of Issuance: The Large-Sum Certificates of Deposit are primarily issued electronically and can be applied for within debit card accounts, and a physical certificate option is also available. Features such as early withdrawal, transfer, pledge, and deposit certification are supported.
2.Interest Rate of Issuance: Information including interest rates for products of various terms are announced uniformly by our head office prior to issuance. In the event of adjustments to interest rate management policy by the central bank or changes in the benchmark interest rate, IB will appropriately revise the rate standards or may temporarily suspend sales.
3.Early Withdrawal Interest Rate: The early withdrawal interest rate is calculated based on the current interest rate.
Product Series
(SmartSave) CDs Series
(SmartSave - Inclusive Edition) CDs Series
1.Issuance Tenure: 3 months, 6 months, 1 year, and 3 years.
2.Minimum Purchase Amount: Personal Large Sum Deposit starts from ￥200,000 (inclusive). Purchases increase in multiples of ￥100.
3.Issuance Channels: Branch counters, online banking, the IB Mobile Banking APP, and financial self-service kiosks.
4.Interest Calculation: Interest and principal will be returned upon maturity in lump sum.
5.Early Withdrawal: For partial withdrawals, the remaining amount in the Large Sum Deposit account must exceed ￥200,000 (inclusive). Interest is calculated based on the current interest rate during early withdrawal.
(SmartSave - Private Banking Edition) CDs Series
1.Issuance Tenure: 3 years.
2.Minimum Purchase Amount: Personal Large-Sum Certificates of Deposit start from ￥1,000,000 (inclusive). Purchases increase in multiples of ￥100.
3.Issuance Channels: Branch counters, online banking, mobile banking, and financial self-service kiosks.
4.Interest Calculation: Interest and principal returned upon maturity in lump sum.
5.Early Withdrawal: For partial withdrawals, the remaining amount in the Personal Large Sum Deposit account must exceed ￥1,000,000 (inclusive). Interest is calculated based on the current interest rate during early withdrawal.