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Name
Corporate Time Deposit
Introduction
Corporate time deposit refers to the deposit made by corporate customers and the deposit term shall be specified in the contract between the corporate customer and Bank of China. When the deposit is withdrawn upon maturity, the interest shall be calculated in accordance with the interest rate agreed on the deposit date. Currently the available currencies mainly include USD, EUR and RMB.
Features
1. Higher interest rate than current deposit;
2. Four deposit terms for customers to choose: one months, three months, six months and one year;
3. Free of account management fee;
4. Automatic renewal on maturity or full withdrawal in advance is available for customers as needed.
Tips
Corporate customers shall open a current account before applying for time deposit account in the same currency.
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