Business Time Deposit Campaign

Earn interest rates of up to 3.36% per annum
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Business opportunities are all over the world. You can gain potential to earn competitive returns on your deposit with our business Time Deposit, which specially designed for short to medium-term business investors like you.

Eligibility

  • Open to all new and existing customers
  • Customers are required to have a current account / current account-i / Business Vantage / Business Vantage-i with HSBC
  • Minimum placement amount is MYR 100,000 and / or USD 100,000 and / or CNY 100,000 of fresh funds only

Promotional offer

From now until 30 September 2019, you can enjoy an interest rate as much as 3.36% per annum with our MYR, USD and CNY Time Deposit.



Tenure
Time Deposit Interest Rates*
MYR Time Deposit USD Time Deposit CNY Time Deposit
1 – 3 months Up to 3.30% per annum
Up to 2.43% per annum

Up to 2.00% per annum
4 – 6 months Up to 3.36% per annum


*Terms and Conditions apply.

Terms and conditions

  1. The “Business Time Deposit Campaign” (“Campaign”) is open to all new and existing corporate customers (“Customers”) of HSBC Bank Malaysia Berhad (“HBMY”) and HSBC Amanah Malaysia Berhad (“HBMS”). HBMY and HBMS are collectively referred to as “HSBC” in this document.
  2. To participate in the Campaign, Customers are required to have a current account with HSBC.
  3. The Campaign is applicable to Fresh Funds only. “Fresh Funds” are defined as:
    1. Cash and new funds received via Financial Process Exchange (FPX), instant transfer, interbank GIRO and telegraphic transfer from other banks which are deposited into the HSBC account (whether current account, current account-i, Business Vantage, Business Vantage-i); and
    2. such funds (as described in item (ii) above) must be placed and deposited into the Customer’s new Time Deposit (“TD”) account within seven (7) days of the transfer to the HSBC account (whether current account, current account-i, Business Vantage, Business Vantage-i) with HSBC.
  4. The following shall not be considered as “Fresh Funds”:
    1. Maturing Time Deposit or premature withdrawal of Time Deposit or Term Deposit-i from existing HSBC TD or Term Deposit-i accounts; and
    2. Intrabank transfer of funds, i.e. transfer of funds from another HSBC accounts (whether current account, current account-i, Business Vantage, Business Vantage-i, Time Deposit, Term Deposit-i); and
    3. Inter and / or intra branch transfer within HBMY or HBMS accounts including third (3rd) party account transfer.
  1. Customers who have committed, or determined by HSBC to be potentially committing any breach of the terms and conditions as stipulated herein shall be immediately disqualified from participating in the Campaign.
  2. The Campaign starts from 1st August to 30th September 2019 (“Campaign Period”).
  3. The minimum placement amount is MYR 100,000 and / or USD 100,000 and /or CNY 100,000.
  4. The applicable tenure is from 1 month to 6 months.
  5. Eligible Customers can contact their Relationship Manager or Client Service Manager to obtain the daily TD special rate and campaign code.
  6. Valid Campaign code must be reflected on the Time Deposit Instruction Letter or entered in the “Deposit Contract Number” field on HSBCnet for new TD placement.
  7. Subsequent rollover during the Campaign Period of the TD placed during the Campaign Period can continue to enjoy the prevailing daily special TD rate.
  8. Subsequent rollover after the Campaign Period of the TD placed during the Campaign Period will be subject to the prevailing board rate or preferential rate quoted by Relationship Manager or Client Service Manager.
  9. TD placed under this Campaign cannot be pledged as security for any purpose.
  10. By participating in the Campaign, Customers agree:
    1. to have read, understood and to be bound by the (a) terms and conditions herein; and (b) HSBC’s Generic and Specific Terms and Conditions for Commercial Banking for Time Deposit (which are available at http://www.hsbc.com.my); including any changes and variations to the aforesaid terms and conditions, as may be imposed by HSBC from time to time.
    2. that HSBC decision on all matters relating to the Campaign shall be final, conclusive and binding on eligible Customers and no further correspondence and/or appeal with regards to HSBC’s decision will be considered;
    3. that the interest earned is non-transferable to any third (3rd) party and non-exchangeable for up-front credit, cheque or benefit-in-kind; and
    4. to be liable and shall personally bear all applicable taxes, government fees or any other charges that may be levied against them under applicable laws and regulations, if any, in relation to their participation in the Campaign.
  1. HSBC reserves the right to disqualify any Customers and to forfeit the interest earned in the event of any non-compliance by such Customers of the terms and conditions stated herein, whereby in such event, HSBC will notify such Customer accordingly, to the extent that HSBC is not restricted by any laws and regulations to do so.
  2. HSBC reserves the right to alter, cancel, terminate or suspend the Campaign, any part thereof or any part of the applicable terms and conditions of Campaign from time to time and the participating Customers will be notified accordingly in the event of such changes made to the Campaign.

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Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.