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Change of retail products and interest rate
 

Dear Customer,

ICBC (Europe) S.A. Amsterdam Branch would like to inform you about the change of retail products and interest rate.

1.From 2 October 2017, ICBC (Europe) S.A. Amsterdam Branch will stop accepting new time deposits for retail customers. For customers who already have concluded time deposits, the service of time deposits will remain until they mature.
2.Terms and conditions for retail customers have been updated and will effect accordingly on 2 October 2017. Please find the updated version at our website www.icbc.co.nl “Customer Service→Download”.
3.From 2 October 2017, ICBC (Europe) S.A. Amsterdam Branch will change the interest rates for retail saving accounts. Please find our new rates in the table below.

ICBC Direct, ICBC E package, ICBC E-plus package & ICBC Online saving package

Account type
Currency
Previous Nominal Rate 
Per 02/10/2017 Nominal Rate
Saving
EUR
0,29%
0,10%
USD(<20.000,00)
0,50%
0,10%
USD(≥20.000,00)
0,70%
CNY(<100.000,00)
1,10%
0,30%
CNY(≥100.000,00)
1,30%

*The effective interest rate can be calculated on an ACT/360 basis, and can possibly raise more due to the interest-on-interest effect if you keep the paid interest on the interest bearing ICBC Saving Account.

We hope we have informed you sufficiently. Please send an email to banking@nl.icbc.com.cn or call our 24-hour hotline +31 (0)800 99 95588 or call +31 (20) 5706666 in business hours for more information.

With kind regards,
ICBC (Europe) S.A. Amsterdam Branch


(2017-09-27)
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