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Deposit Services
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Despite the market volatility caused by the European debt crisis and global economic slowdown, the RMB still had a 4.7% upside last year. In the year to come, it is forecast to see a further gain of 3%. The internationalisation and long-term appreciation trend of the Chinese currency is expected to stay on course.*
Such a backdrop, coupled with an array of RMB deposit privileges from DBS, presents before you an opportunity to build up your RMB wealth. |
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Set up an RMB 9-month time deposit to enjoy a preferential interest rate plus a HK$500 instant cash reward for every RMB200,000 of the time deposit. The cash reward comes without a cap to enrich your actual returns!
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For example: |
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RMB Deposit Amount
(New RMB Funds) |
Preferential Interest Rate^ (p.a.) |
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Instant
Cash Reward
(no cap) |
| RMB200,000 |
2.05% |
+ |
HK$500 |
| RMB400,000 |
HK$1,000 |
| RMB600,000 |
HK$1,500 |
No cap for the cash reward. The more you deposit, the more cash reward you will enjoy!
^The above interest rates are based on our preferential RMB 9-month time deposit interest rates quoted as of 8 May 2012, and are subject to change by the Bank from time to time.
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Simply bring in New Funds to enjoy a preferential interest rate on a time deposit with the flexible tenor of your own choice.
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Interest rate (p.a.) |
| Tenor (months) |
RMB 100,000
or above
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| 1 |
1.30% |
| 2 |
1.80% |
| 3 |
1.80% |
| 6 |
1.90% |
| 9 |
2.05% |
| 12 |
1.80% |
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If you want to further build up your RMB funds and enjoy high interest returns, we can automatically convert on a daily basis your HKD into RMB and set up with such funds a time deposit. You can choose various conversion amounts and time deposit tenors to achieve this more easily and flexibly.
Set up a standing instruction for daily conversion into RMB by 31 May 2012, and you will also enjoy a HK$50 Instant Cash!
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| What's more, you can also take advantage of the following offers for added convenience in making your remittances and deposits: |
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Other deposit offers are also available! For details, please visit any of our branches or call our Customer Service Hotline at 2290 8888 (press 2 after language selection). |
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| Act now to catch hold of the RMB deposit privileges! |
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| The above offers are valid until 31 May 2012. All of the above offers are subject to terms and conditions. Please click here to see the relevant terms and conditions. |
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* Sources: DBS Bank Global Financial Market and Economic Research, January 2012.
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| Note: All the above interest rates are based on our preferential RMB time deposit interest rates quoted as of 8 May 2012, and are subject to change by the Bank from time to time. |
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| Risk disclosure: |
| 1. |
RMB is currently not freely convertible and is subject to exchange controls and restrictions. |
| 2. |
For individual customers, the conversion of RMB is subject to a daily limit as promulgated from time to time by the relevant regulatory authority in Hong Kong (currently such conversion daily limit is RMB 20,000) and sufficient time should be allowed if the conversion amount exceeds the prevailing daily limit. |
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There is no guarantee that RMB will not depreciate. If you convert Hong Kong Dollar or any other currency into RMB so as to invest in a RMB product and subsequently convert the RMB sale proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency. |
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