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"Deposit Extra" Investment Deposit |  |
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- "Deposit Extra"
- How does "Deposit Extra" bring you attractive return
- Compare "Deposit Extra" with fixed deposit
"Deposit Extra"
Low minimum deposit Amount
The minimum deposit amount is US$5,000 (or equivalent).
A variety of choices for the Linked Currency and Deposit Currency
To meet your investment needs, you can arrange combination of Deposit Currency and Linked Currency from our approved currencies. The approved currencies are HKD, USD, AUD, NZD, GBP, EUR, CAD, CHF and JPY. Meanwhile, we reserve the flexibility to vary the choices of the Linked Currency and/or the Deposit Currency available from time to time at our absolute discretion to suit the market trend and demands.
Flexible Deposit Periods
We offer flexible deposit periods of 1 week, 2 weeks 1 month, 2 months, 3 months and 6 months to meet your investment needs and strategy.
Pre-agreed conversion rate can be chosen by you
At the time you enter into the deal for the deposit, you can choose to accept the pre-determined Conversion Rate and the Interest Rate or to set your target Conversion Rate based on your own investment goal and risk appetite.
How does "Deposit Extra" bring you attractive return
Simply pair up your Deposit Currency and Linked Currency from our approved currencies, decide your Deposit Period and set the Conversion Rate and Interest Rate at the time you enter into the deal for the deposit.
On the maturity date, depending on the exchange rate fluctuation, you will receive back the principal amount of and the interest on the deposit in either the Deposit Currency or the Linked Currency. When the Linked Currency against the Deposit Currency appreciates or remains stable on the maturity date compared with the time of the deal when the Fixed Conversion Rate is set, you will receive the principal amount of and interest on the deposit in the Deposit Currency, which will generate a deposit interest return higher than ordinary time deposits. Otherwise, you will receive the principal amount of and the interest on the deposit in the Linked Currency converted at the Fixed Conversion Rate. Therefore, "Deposit EXTRA" should be your good choice when you have financial needs in the two currencies
Compare "Deposit Extra" with fixed deposit
Assumption: Deposit HKD 500,000 and deposit period is 7 days
| Products | Maturity Date | Exchange Rate on Maturity Date | Interest due on Maturity Date | Principal Amount and Interest | Net Return / (Loss) |
|---|---|---|---|---|---|
|
"Deposit EXTRA" |
Option 1: |
4.6880 | HK$500,000 x 14.74% ÷ 365 x 7 = HK$1,413.42 |
HK$501,413.42 | HK$1,413.42 |
|
Option 2: |
4.6872 | HK$500,000 x 14.74% ÷ 365 x 7 = HK$1,413.42 |
HK$501,413.42 | HK$1,413.42 | |
|
Option 3: |
4.6852 | HK$500,000 x 14.74% ÷ 365 x 7 = HK$1,413.42 |
HK$501,413.42 ÷ 4.6872
Convert to HKD at prevailing market rate 4.6852. Principal Amount and Interest |
HK$1,199.47 | |
|
Option 4: |
4.6500 | HK$500,000 x 14.74% ÷ 365 x 7 = HK$1,413.42 |
HK$501,413.42 ÷ 4.6872 = HK$497,433.94 |
(HK$2,566.06) | |
| Ordinary Time Deposit Interest Rate¡G3% |
HK$500,000 x 3.0% ÷ 365 x 7 = HK$287.67 |
HK$500,287.67 | HK$287.67 |
The above example is for reference only.
For enquiries, please visit any of our branch and sub-branches or call our customer service hotline.
"Deposit EXTRA" Investment Deposit is NOT equivalent to time deposit and is NOT protected deposit under the Deposit Protection Scheme in Hong Kong.
Risk Disclosure Statement
This is a structured product involving derivatives. The investment decision is yours but you should not invest in the "Deposit Extra" unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
