Time savings deposits of the Bank include lump-sum time deposit & withdrawal, installment-based time deposit, time deposit with regular interest withdrawal and lump-sum time deposit for small withdrawal.

a. Lump-sum time deposit & withdrawal

(a) Introduction

It means a type of time savings deposit with deposit term set at the time of deposit, for which the principal is deposited in a lump sum, and both principal and interests are withdrawn upon maturity. 

The minimum deposit amount of lump-sum time deposit & withdrawal in Renminbi is set at RMB50, and the deposit terms range for three months, six months, one year, two years, three years and five years.

(b) Deposit interest rate

Interests for lump-sum time deposit & withdrawal will be accrued by adopting the item-by-item interest method at the rate published by the Bank with the corresponding term according to the day when the deposit is saved. Interests will be paid off in one installment together with the principal. 

For the total or partial withdrawal ahead of the maturity day, the interests of withdrawn portion will be calculated and paid according to the interest rate for demand saving deposit published by the Bank on the withdrawal day, and the interests of remaining portion will still be accrued according to the interest rate on the original interest rate. 

For withdrawals after the maturity day, interests of the deposit that has passed the agreed deposit term will be calculated and paid according to the interest rate for demand saving deposit published by the Bank on the withdrawal day, unless otherwise agreed for automatic redeposit upon maturity.

(c) Functions and features 

Higher interest rate: The interest rate of time savings deposit is higher than that of demand deposit, and the longer the deposit term is, the higher the interest rate is.

Convenient redeposit: The Bank furnishes agreed redeposit and automatic redeposit for the lump-sum time deposit & withdrawal.

If you have agreed the redeposit upon maturity at the time of opening the account, after the time deposit becomes mature, the principal and interests will be automatically re-deposited with the term same as the original one, and there is no need to sign agreement for the automatic redeposit. 

Available for withdrawal ahead of the maturity day: Multiple partial withdrawals (five times at most) ahead of the allowed maturity day for the lump-sum deposit & withdrawal (so are the funds after the redeposit). After those partial withdrawals, the amount of remaining portion shall be no less than RMB50, for which a new account number will be generated by the handling outlet, and the value date thereof shall be the original value date. 

b.Installment-based time deposit

(a) Introduction

It means a type of time savings deposit with deposit term set at the time of deposit, for which a fixed amount of funds is deposited on a monthly basis, and both principals and interests are withdrawn in one time upon maturity.

The minimum deposit amount of installment-based time deposit in is RMB5.00 and there is no cell limit. The deposit terms are one year, three years and five years respectively. 

(b) Deposit interest rate

Interests for installment-based time deposit will be accrued by adopting the accumulated interest method at the rate published by the Bank for the installment-based term savings deposit with the corresponding term on the day when the deposit is saved. Interests will be paid off in one installment together with the principal. 

If customers missed one deposit during the deposit term, the missed portion can be made up in the next month; however, it will be treated as breach of contract if customers failed to make up the missed deposits or the times of missing monthly deposit are more than once. The interests of deposits after the breach will be calculated and paid by the interest rate for demand deposit.

(c) Functions and features 

Making many a little become a miracle: The product can help you set aside a bit of money each month and bring up financing habit.

Withdrawals ahead of maturity day: meet your needs. 

Flexible and simple: Wide applicable scope and simple procedure. 

c.Time deposit with regular interest withdrawal

(a) Introduction

It is a type of time savings deposit with the principal deposited in a lump sum and withdrawn in one time upon maturity, and interest withdrawn in even installments.

The minimum deposit amount of time deposit with regular interest withdrawal is RMB5,000. The deposit terms range for one year, three years, and five years respectively. The interest payment can be made once a month, or once half a year or once a year, depending on the agreement of customers when saving the deposit. 

(b) Deposit interest rate

Interests will be accrued at the rate published by the Bank with the corresponding term according to the day when the deposit is saved

If the principal is withdrawn ahead of the maturity day, the interests during the deposit term will be calculated and paid according to the interest rate of lump-sum time deposit & withdrawal, and the extra interests will be deducted.

(c) Functions and features 

Interest payment in installments: Interests cannot be withdrawn ahead of the maturity day. But interests can be withdrawn at any time after the maturity day, no compound interest is accrued in this case. 

Withdrawals ahead of maturity day: The principal can be withdrawn ahead of the maturity day to meet your needs. 

d. Lump-sum time deposit for small withdrawal

(a) Introduction

It means a type of time savings deposit with deposit term set at the time of deposit, for which the principal is deposited in a lump sum and withdrawn in a fixed amount in installments, and interests are paid off in one time upon maturity. 

The minimum deposit amount of lump-sum time deposit for small withdrawal is RMB1,000, and the deposit terms are one year, three years and five years respectively. Principals can be withdrawn in equal amount on a monthly, quarterly, or semiyearly basis, and interests will be paid off upon maturity.

(b) Deposit interest rate

Interests will be accrued at the rate published by the Bank with the corresponding term according to the day when the deposit is saved. Interests will be paid off in one installment together with the principal. 

(c) Functions and features 

Good arrangement: Principals can be withdrawn in equal amount on a monthly, quarterly, or semiyearly basis. 

Withdrawals ahead of maturity day: meet your needs.