Product Name

Promotional Personal Term Deposit

Product Description

Special rate term deposits (non-redeemable)

Currency

CAD, USD

Feature

1. Customers deposit their spare capital into the bank account on a selected term; interest payable on maturity which is higher than regular savings in special rate;

2. Promotional Term Deposits in CAD and USD have many terms available, currently Bank of China (Canada) offers 2 months, 3 months, 6 months, 1 year.

Target Customers

The promotional rates of this product are offered periodically. Any customer who has spare capital during the selected terms and with valid IDs could enquire with any branches.

Process

The customer goes through the required process at any branches of Bank of China (Canada) with relevant identity documents.

Required Identity Documents

1. Two pieces of ID are required when opening an account. One must be a photo ID (e.g. passport, permanent residence card, citizenship card, or valid Canadian driver's license and etc.);

2. According to the Canadian regulation, all Canadian residents must provide SIN for any interest bearing account for tax purpose.