# This Promotion is valid till 31 May 2011. This Promotion is exclusive for HSBC Premier Customers and HSBC Advance Customers only. Promotional Rates advertised in the above table are applicable for placement using fresh funds only (i.e. excluding transfers from existing HSBC bank deposit accounts or via HSBC cheque(s), cashier’s order(s), demand draft(s) or Renminbi (“RMB”) deposits held with HSBC). Promotional Rates are not applicable to existing RMB deposits held with HSBC. For avoidance of doubt, existing funds (i.e. transfers from existing HSBC bank deposit accounts or via HSBC cheque(s), cashier’s order(s) or demand draft(s)) which are not denominated in RMB will enjoy 0.25%p.a lower than the Promotional Rates advertised in the above table. Promotional Rates are subject to change. No interest (whether at the Promotional Rate or otherwise) will be payable on the deposit if deposit placement is not held to maturity. Upon maturity of the time deposit placement(s), the principal and interest amounts will be renewed at the Bank’s prevailing time deposit board rates for the respective tenors, unless other maturity instructions are provided by the account holder. Deposits into any RMB Deposit Account shall be by way of foreign exchange conversion from non-RMB denominated currency(ies) only, save for transfers between a RMB Time Deposit Account and a RMB Multi Currency Savings Account. Withdrawals from any RMB Deposit Account shall be by way foreign exchange conversion into non-RMB denominated currency(ies) only, save for transfers between a RMB Time Deposit Account and a RMB Multi Currency Savings Account. The deposit in your RMB Deposit Account shall be converted from RMB to another freely convertible currency for withdrawal, at the Bank’s prevailing exchange rate. Other terms and conditions apply. RMB is not a freely convertible currency and is subject to changes in regulations initiated by China and/or the Chinese authorities. There may be a gain or loss when you convert foreign currency. Customers are advised to make their own independent judgment in consideration whether to place the RMB deposit. Foreign Currency Time Deposits are not covered under the Deposit Insurance Scheme.
Click here for the Renminbi Deposit Account Terms and Conditions.
The world's local bank
