To enjoy up to 4.45% p.a. Preferential Time Deposit Interest Rate, New Wealth Management Connect “Southbound Scheme” customers are required to complete the following designated tasks by specified dates:
*Please ensure the particulars recorded on the Program Registration Form are correct. Any discrepancies failing to match with the Bank's record might culminate in an unsuccessful Time Deposit placement. In scenarios where a customer has submitted multiple times of Program Registration Form, the Bank shall proceed with the first completed version rendition of the form for further processing.
** For eligible customers depositing fixed amount of RMB500,000 (if selected RMB as Time Deposit)/ HKD550,000 (if selected HKD as Time Deposit)/ USD 70,000 (if selected USD as Time Deposit) or above, the first RMB500,000 (if selected RMB as Time Deposit)/ HKD550,000 (if selected HKD as Time Deposit)/ USD 70,000 (if selected USD as Time Deposit) of the deposit will be entitled to the preferential interest rate
The data collected will be processed in accordance to Notice to Customers relating to the Personal Data (Privacy) Ordinance and used for this promotion only.
New Time Deposit Instruction
Southbound Scheme Time Deposit ProgramTime Deposit Currency | Tenor | Deposit Amount (Fixed Amount) | Preferential Interest Rate (p.a.)^ |
---|---|---|---|
RMB | 3-month | RMB500,000 | 2.50% |
HKD | HKD550,000 | 3.95% | |
USD | USD70,000 | 4.45% |
^The above interest rate (p.a.) is the Bank’s data as of March 12, 2025 for reference only and are not guaranteed. The above interest rate (p.a.) will be subject to changes in rates quoted by the Bank from time to time. Before making the relevant transaction, please check with the Bank’s staff for the effective interest rate (p.a.) applicable to the transaction.
(Important note: Quota is limited for Southbound Scheme Time Deposit Program and is available for registration on a first-come-first-served basis while quota lasts.)
Time Deposit Start Date (Scheduled Deposit on): Within 3 working days from the day of tasks completion
Maturity Instruction: Crediting the principal plus interest to your WMC Multi-currency Savings Account on the maturity date
Please ensure that the designated account holds adequate funds (of the selected currency of the Time Deposit Program), specifically a minimum balance of RMB500,000 (if selected RMB as Time Deposit)/ HKD550,000 (if selected HKD as Time Deposit)/ USD 70,000 (if selected USD as Time Deposit), to facilitate the time deposit placement. Failing which, it may result in an unsuccessful placement of the Time Deposit. The bank will not be responsible for currency exchange for customer.
Terms and Conditions for Wealth Management Connect “Southbound Scheme” Customer Time Deposit Program# The Program is only applicable to new Wealth Management Connect “Southbound Scheme” customers of China Construction Bank (Asia) Corporation Limited (the “Bank”) who opened the “Southbound Scheme” account within the Promotion Period and have not maintained a “Southbound Scheme” account in the past 12 months before the date this Program, i.e., between March 12, 2024, and March 11, 2025, inclusive of both dates, also this new Wealth Management Connect “Southbound Scheme” customers is required to submit the “Southbound Scheme” service application between March 12, 2025, and March 31, 2025,inclusive of both dates ("Eligible Customers"). The Bank reserves the right to determine the eligibility of the customers for this Program.
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