High Return for Time Deposit?

Talk | English & Chinese scripts are provided below and you can understand the content easier.

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PART I: ENGLISH

We are sometimes very greedy and interested in speculating about whether the price of certain stocks would rise or not. We are all aware of that higher investment return is proportional to higher risk.

Due to the volatility of the stock market, your portfolio may unfortunately suffer certain degree of loss of value. Hence, diversification by investing in assets with different risks and returns can preserve your portfolio’s value.

Traditionally, time deposit offering low interest rate under locked period is only preferred by low-risk investors or retirees. Nowadays, the world is rapidly changing and the features of time deposit may attract you to re-consider.

Banks would like to attract fund from new customers with the first deposit and existing customers with deposit of new amount of money. Hence, an attractive interest rate may be offered to customers in specific period. Do you know why?

Banks are finding ways to become their customers’ main bank because cross-selling of different products towards customers will be easier. Ultimately, it can help increase the bank’s income.

When customer is more willing to deposit more money into a specific bank, the chance of becoming the main bank may be higher.

As we may have several savings accounts with balances in different banks, some banks may promote a higher time deposit interest rate for attracting customers to move new funds from other banks to one designated bank.

If you can transfer funds from other banks to a specific bank, you’ll be eligible to get higher time deposit interest rate when fulfilling the criteria of “new funds balance”.

What’s the meaning of “new funds”? If you place time deposit instruction at digital and branch channels, please understand the definition of calculating “new funds balance” carefully.

The definition of “new funds balance” varies from bank to bank. For example, the scope of “new funds” of a certain currency can include savings accounts, current accounts and time deposits of that currency.

The formula of “new funds balance” can be calculated as the incremental balance when comparing the latest deposit balance with the balance of the same currency as of 7 calendar days, 15 calendar days or 1 month ago or other criteria.

If some of the time deposit instructions are already entitled with “new funds” offer, such principal amount should also be deducted from the formula.

If you place the instruction via online or mobile channel, please take note of the terms and conditions. Some banks may count the accounts with sole name only or have minimum deposit balance for certain offer.

At branch, please check with the customer service manager in detail and try to negotiate with a better rate at the same time.It’s subject to different banks.

Some of the virtual banks may offer member-get-member program from time to time. If you can refer your friends to join the program, they can also be entitled with higher interest rate.

As the market is competitive, some virtual banks may not request minimum balance for time deposit and even allow customers to withdraw money suddenly without any charge.

The offers at virtual banks may also be linked with other services such as credit card, insurance, account opening. You may get extra rewards such as gift or coupon after purchasing other services at the same time.

To get the best interest rates from different banks, please keep your eyes and ears open. With the convenience of digital fund transfer, you can move your money from one bank to another bank easily.

Hence, you can enjoy the benefits of earning higher interest rate of time deposit at a very low risk under flexible arrangement. It can help raising the return of your assets finally.

PART II: MANDARIN

我們往往會非常貪婪，並有興趣地以投機的心態猜測某些股票的價格上漲與否。我們都知道更高的投資回報與更高的風險是成正比的。

由於股市的波動，您的投資組合可能不幸遭受一定程度的價值損失。因此，通過投資於具有不同風險和回報的資產來實現多元化投資，是可以保持您的投資組合的價值。

傳統上，提供鎖定期及低利率的定期存款，只能受到低風險投資者或退休人士的青睞。當今世界瞬息萬變，定期存款的特點或許會吸引您重新考慮。

銀行希望從新客戶的首次存款和現有客戶存入的新資金吸引存款，因此，於特定時期可能會給予客戶極吸引的利率。您知道原因嗎？

銀行正在想方設法成為客戶的主要銀行，因對客戶於不同產品的交叉銷售將會更容易，最終，它可以幫助增加銀行的收入。

當客戶更願意將更多的錢存入特定的銀行時，該銀行成為客戶的主要銀行的機會可能會更高。

由於我們可能在不同銀行有多個儲蓄戶口，部分銀行可能會推出較高的定期存款利率，以吸引客戶將新資金從其他銀行轉移至一間指定銀行。

如您可以將資金從其他銀行轉賬到特定銀行，您將有資格在符合「新資金結餘」條件下獲得更高的定期存款利率。

「新資金」是什麼意思？如您於數碼及分行渠道辦理定期存款指示，請仔細理解計算「新資金結餘」的定義。

「新資金結餘」的定義因銀行而異，例如，某種貨幣的“新資金”範圍可以包括該貨幣的儲蓄賬戶、往來賬戶和定期存款。

「新資金結餘」的計算公式是將最新存款總結餘與7個曆日、15個曆日或1個月前之同一貨幣結餘對比所增加之金額或其他準則。

如部份定期存款指示已享用「新資金」優惠，該定期存款本金總額亦須從計算公式中扣減。

如您透過網上或手機渠道辦理指示，請注意條款和細則。一些銀行可能只計算單名賬戶或某些優惠是有最低存款金額的要求。

於分行，請向客戶服務經理詳細查詢及同時嘗試協商更高的利率，這取決於不同的銀行。

部份虛擬銀行可能會不時推出會員推薦計劃，如果您可以推薦您的朋友加入該計劃，他們也可以享受較高的利率。

由於市場競爭激烈，部份虛擬銀行可能不要求定期存款的最低交易金額及不收取客戶因突發性提款的任何費用。

虛擬銀行的優惠也可能與其他服務關聯，例如：信用卡、保險、賬戶開立。當同時購買其他服務後，您可能會獲得禮品或優惠券等額外獎勵。

要從不同的銀行獲得最優惠的利率，請留意市場的資訊，借助電子轉賬的便利性，您可以輕鬆地將資金從一家銀行轉移到另一家銀行。

因此，您可以靈活地安排以極低的風險並享受定期存款的更高利率，從而最後提升您的資產回報率。