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HSBC Time Deposit Promotion ("Promotion") - Promotional terms and conditions
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This Promotion is valid from 1 August 2008 to 29 August 2008 ("Promotional Period"), both dates inclusive.
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The promotional time deposit interest rates are applicable to Singapore dollar ("SGD") time deposits only.
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The promotional time deposit rates ("Promotional Rates") are as follows:
Singapore dollar time deposit 6-month rate 12-month rate 1.23% p.a. 1.43% p.a.
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To qualify for the Promotional Rates, a minimum deposit of S$50,000 and up to a maximum of S$199,999 must be placed in the respective time deposits.
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Promotional Rates are applicable to new-to-bank HSBC INFINITY customers for a limited period only and subject to change without prior notice. All deposits must be made with fresh funds only (transfers from existing HSBC Bank deposit accounts or via HSBC cheques, Cashier's orders or demand drafts are not permitted).
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Only personal accounts are eligible.
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No interest (whether at the Promotional Rate or otherwise) will be payable on any of the deposit placements, if terminated before maturity.
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Upon maturity of the time deposit placements, the principal and interest amounts will be renewed at the Bank's prevailing time deposit board rates for the respective tenors, unless otherwise instructed by the account holder.
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This Promotion is not valid with other offers or promotions unless otherwise stated.
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HSBC may, at its discretion, vary, delete or add to any of these Terms and Conditions, including but not limited to varying the Promotional Period and Promotional Rates, or withdraw this Promotion at any time without notice or assuming any liability to any customers.
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Terms and conditions governing personal deposit accounts will apply.
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Under the provisions of the Deposit Insurance Act 2005, all Singapore dollar denominated deposits with HSBC held by individual depositors will be insured by the Singapore Deposit Insurance Corporation Limited for up to S$20,000.
