1. The promotion period is from October 2 to December 31, 2024, both dates inclusive ("Promotion Period").
2. During the Promotion Period, new PREMIER BANKING customers of China Construction Bank (Asia) Corporation Limited (“Bank”), and selected customers who received SMS invitation, eDM invitation, Push Notification of Mobile Banking, and/or phone invitation (based on the Bank’s phone records and delivery records) from the Bank and upgraded to PREMIER BANKING in the Promotion Period ("Eligible Customers") can enjoy 5.38% p.a. 3-month HKD or designated currency limited-time preferential Time Deposit interest rate for new PREMIER BANKING customers ("Limited-Time Preferential Interest Rate") (only applicable to “New Funds” as defined in clause 7). The Offer is not applicable to:
   1. Non-personal banking customers; or
   2. Capital Investment Entrant Scheme customers, commercial customers, private banking customers (inclusive of Private Wealth) of the Bank, and the customers who maintain a Wealth Management Connect “Southbound Scheme” account with the Bank (regardless of the customers opened the “Southbound Scheme” account before or during the Promotion Period).
3. Eligible Customers of new PREMIER BANKING customers must not maintain any account or any banking products or services in sole name or joint name (excluding Credit Card Account) with the Bank in the past 12 months.
4. Eligible Customers must place a 3-month HKD or the designated currency (including USD, AUD, NZD, CAD or GBP) time deposit within 5 working days from the day of account opening or upgrading as a PREMIER BANKING customer with a new fund amount ranging from HKD1,000,000 to HKD50,000,000 (or its equivalent). The first 10% of the new fund amount will be granted with the Limited-Time Preferential Interest Rate, while the remaining 90% of the new fund amount will be granted with another time deposit interest rate (as illustrated in below table):

   Time Deposit Amount (New Fund Amount)	Time Deposit Interest Rates
   First 10% of the New Fund Amount	5.38% p.a. Limited-Time Preferential Interest Rate
   Remaining 90% of the New Fund Amount	New PREMIER BANKING Customer Time Deposit Preferential Rate*

   *The relevant “New PREMIER BANKING Customer Time Deposit Preferential Rate” will be subject to the rates quoted by the Bank for branches from time to time. Please contact branch staff for enquiry.

5. Eligible Customers can enjoy this Offer once only during the promotion period.
6. The Offer is only applicable to time deposit placed through the Bank’s branch staff / Relationship Managers over the phone or at our branches (“Designated Channels”), which is not applicable for the time deposit being conducted through the other channels of the Bank, e.g. mobile banking, online banking, phone banking and/or Smart Teller Machine etc.
7. “New Funds” refers to the incremental balance when comparing the latest Total Deposit Balance with the Total Deposit Balance of last month end (if applicable):
   1. Total Deposit Balance refers to the balance of all deposit accounts, including Savings Accounts and/or Current Accounts and Time Deposits of Hong Kong Dollar and foreign currencies (whether accounts in sole name or joint name).
   2. New Funds do not include any fund transfer from any accounts of the Bank, which means excluding but not limited to (i) deposits of cashier’s order / cheques issued by the Bank nor (ii) transfers / remittances from any bank accounts (including bank accounts of Eligible Customer or others) of the Bank.
   3. The Bank reserves the right of final decision should there be any dispute in the definition of New Funds.
8. The Bank reserves the right to amend, suspend, cancel or terminate these promotions and amend the Promotional Terms and Conditions any time without prior notice, and shall not be responsible for any costs, expenses, losses or liabilities incurred.
9. In case of any dispute arising out of or in connection with these promotions, the decision of the Bank shall be final and binding on the Customers.
10. In the event of any inconsistency between the English and Chinese versions of these Terms and Conditions, the English version shall prevail.

Time Deposit with tenor not more than 5 years is a deposit qualified for protection by the Deposit Protection Scheme in Hong Kong.
 

Risk Disclosure

Currency Exchange

Currency exchange involves bid-ask spread.

Exchange Rate Risk

Currency exchange rates are affected by a wide range of factors, including national and international financial and economic conditions and political and natural events. The effect of normal market force may at times be countered by intervention by central banks and other bodies. At times, exchange rates, and price linked to such rates, may rise or fall rapidly. The fluctuations in the exchange rate of a foreign currency may result in losses in the event that you convert HKD to any foreign currency or vice versa.