Attractive interest rate! ICBC “Moon Festival” designated deposit offer
For the occasion of the traditional Chinese “Mid-Autumn Day” festival ICBC Amsterdam offers CNY Promotion Time Deposit’s with an attractive interest rate.
From 3 September 2013 you can apply for a 3months and a 6months CNY Promotion Time Deposit with respectively 3,80% and 4,00% interest rates*.
The principal-minimum is set on CNY 50.000,- and have 18 September 2013 as predetermined starting date.
Attention: the promotion period ends on 17 September 2013 the latest but can, depending on the success of this promotion, close earlier!
| Retail Customer |
Currency |
Minimum Amount |
Annual Interest Rate |
Maturity Date |
| 3 Months |
CNY |
50.000,00 |
3.80% |
18/Dec/2013 |
| 6 Months |
CNY |
50.000,00 |
4.0% |
18/March/2014 |
| *Interest rates are calculated on a Act/360 days interest basis.
*Luxemburg Deposit Guarantee Scheme is applicable to this product (www.agdl.lu). |
For more information how to apply for the promotion time deposit (not in the Internet Banking), before which date the balance on your ICBC account should be sufficient, and advice how you can apply for the best exchange rates, we refer to the extensive attachment.
Interest rates for corporate customers can differ from the mentioned interest rates. If you are a corporate customers and want more information, please contact 0031 20 570666 during office hours. Retail customers we refer to their account manager if more information is desired.
2、Announcement interest rate changes saving products retail customers
Dear customer,
Due to changing market circumstances, ICBC Amsterdam Branch announces that the interest rate (EUR) for callable saving account, the 3 month time deposit, 6 month time deposit and 12 month deposit will be changed. Please find the following table for detail.
The interest rates regarding callable saving accounts, time deposit account denominated in other currencies (USD & CNY) will remain unchanged.
| Account Type
|
CCY
|
Term
|
Old Nominal Rate
|
Old Effective Rate
|
New Nominal Rate
|
New Effective Rate
|
| Saving Account |
EUR
|
- |
2.00%
|
2.05%
|
1.85%
|
1.89% *
|
| Time Deposit
|
EUR
|
3M
|
2.00%
|
2.03%
|
1.85%
|
1.88% **
|
| Time Deposit |
EUR
|
6M |
2.05% |
2.08% |
1.90% |
1.94% ** |
| Time Deposit |
EUR
|
12M |
2.15% |
2.18% |
2.00% |
2.03% ** |
We trust to have informed you sufficiently,
*Our interest calculation is based on a 365/360 days interest basis and as the interest for saving account is paid at the end of each calendar month you can benefit from a compounded interest. Your effective interest rate can rise up to 1.89%.
**Our interest calculation is based on a 365/360 days interest basis, your effective interest rate can higher than nominal rate.
ICBC (EUROPE)
S.A.
Amsterdam
Branch
|