Term Deposit Account
Bank of China (Australia) Limited provides AUD and Major foreign currency Term Deposits with flexible terms from 7 Days to 5 Years at varying interest rates1.
Features:
- Fixed Rate and Term: A safe way to lock your funds away for a set period with a range of terms to choose from
- Multi-Currency options: Deposits are available in AUD, CNY, USD, and HKD
- Competitive interest: Term Deposit Rates are market competitive and special rates may apply for large deposits in AUD and CNY2
- Early Withdrawal: 31 days notice may apply3
- Option to re-invest: Select a reinvestment at maturity or cash out your deposit to another account. If no selection is made the Account will automatically rollover on maturity date4
- Safe and Secure: Combined balances of up to $250,000 per Account holder are covered by the Financial Claims Scheme
Notes
1Deposit limits apply.
2Interest is paid at maturity, if the maturity date falls on a Saturday, Sunday or Public Holiday interest will be paid on the next working day.
3This product is for a Fixed Term. To withdraw funds from term deposits up to 2 years before the maturity date, 31 days notice applies (except in certain cases of hardship). A reduction of the interest will apply for all early withdrawals from all term deposits. See our Term Deposit Accounts Terms and Condition for more detail.
4If no re-investment instructions have been received, on maturity your Term Deposit will automatically roll to another Term of the same period, and the Rate that will apply is the prevailing rate for that day.
How to apply:
- To open a Term Deposit Account, please visit your local Bank of China retail branch and present your Identification Documents
PLEASE NOTE information is general only and does not take into account your personal objectives, financial situation or needs. Before deciding to acquire or continue to hold a Term Deposit or Transactional and At Call Account, consider its appropriateness having regard to your circumstances, and the Personal Banking Transactional and at Call Account Terms and Conditions, Personal Banking Account Access Methods Terms and Conditions, Personal Banking Schedule of Fees and Charges Terms and Conditions and Target Market Determination -Transactions ant At Call Account and Term Deposit Account. For more information please call 1800 095 566 or visit your local branch.
Product issuer is Bank of China (Australia) Limited. ABN 28 110 077 622 Australian Financial Services Licence Number 287322.
