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Dear customer,
Due to changing market circumstances, ICBC (Europe) S.A. Amsterdam Branch announces that the offered interest rates will change per October 20th, 2014. The change of interest will affect our EUR saving account rates and all our EUR Time Deposit rates. Please find our new rates in the table below.
| Account Type |
CCY |
Term |
Previous Nominal Rate |
Nominal Rate Per 20/10/2014 |
Previous Effective Rate* |
Effective Rate Per 20/10/2014* |
| Saving account |
EUR |
- |
1,65% |
1,60% |
1,69% |
1,63% |
| Time Deposit |
EUR |
3M |
1,65% |
1,60% |
1,67% |
1,62% |
| Time Deposit |
EUR |
6M |
1,80% |
1,65% |
1,83% |
1,67% |
| Time Deposit |
EUR |
1Y |
1,95% |
1,80% |
1,98% |
1,83% |
| Time Deposit |
EUR |
2Y |
2,20% |
1,95% |
2,23% |
1,98% |
| Time Deposit |
EUR |
3Y |
2,25% |
2,10% |
2,28% |
2,13% |
| Time Deposit |
EUR |
4Y |
2,30% |
2,20% |
2,33% |
2,23% |
| Time Deposit |
EUR |
5Y |
2,35% |
2,30% |
2,38% |
2,33% |
The interest rates regarding saving accounts and time deposits denominated in USD and CNY will remain unchanged.
We trust to have informed you sufficiently.
Best Regards
ICBC (EUROPE) S.A. Amsterdam Branch
* Our interest calculation is based on a act/360 days interest basis, your effective interest rate can rise up to the indicated rates.
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