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Deposit Plus
What is Deposit Plus?
As a currency linked deposit, Deposit Plus allows you to take advantage of exchange rate movements and potentially earn a higher interest rate than with a normal Hong Kong dollar or foreign currency time deposit. This product may be suitable for investors who are happy to accept a low to medium level of investment risk.
Features
- Interest rates of up to 22% p.a.*
- Time deposit period ranges from one week to six months.
- Minimum time deposit amount of HKD50,000 (or its equivalent in other currencies)
- Choice of two currencies, a deposit currency and a linked currency.
- Tailor-made service for deposits at or above HKD250,000 is available
What else do I need to know?
Next Steps...
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- Call (852) 2233 3730
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Logon to HSBC Internet Banking to check foreign currency rates, setup ForEx Switching and many more.
Currency Exchange Tools
Exchange Rates
Get the latest currency exchange rate for major world currencies
Currency Calculator
Calculate the amount of foreign currency you need
FX Commentary
Read analysts' views on the foreign exchange markets
* Pricing indication on 15 Mar 06
Risk disclosure:
The net return in relation to Deposit Plus will depend upon market conditions prevailing at the deposit fixing time on the deposit fixing date. You must be prepared to incur loss as a result of depreciation in the value of the currency paid. Such loss may offset the interest earned on the deposit and may even result in losses in the principal amount of the deposit. If the deposit currency is not your home currency, and you choose to convert it back to your home currency at maturity, you may make a gain or loss due to exchange fluctuations. If you have any concerns about this product, you should consult our professional financial advisers.
