Privileged HKD Fixed Deposit Step-up Interest Rate Series

New deposit customer, who opens a new Privileged HKD Fixed Deposit account with MEVAS Bank from now till 30 June 2010 ("Promotion Period"), is entitled to extra interest rate up to +1.00% p.a.1, as well as up to HK$200 Cash Rewards as welcome offer.
 
Offer 1 Step-up Deposit Rate
Open a new 9-month Privileged HKD Fixed Deposit2 account to enjoy extra interest rate up to +1.00%p.a.
   
1st - 4th Month
5th - 8th  Month
9th Month
HK$100,000 - HK$499,999
Mark-up Rate
+0.30%
+0.50%
+0.70%
Interest Rate
(i.e. 9-month fixed deposit board rate + mark-up rate)
 0.55% 0.75% 0.95%^
HK$500,000 - HK$3,000,000
Mark-up Rate
 +0.30% +0.60% +1.00%*
Interest Rate
(i.e. 9-month fixed deposit board rate + mark-up rate)
 0.55% 0.85% 1.25%^
^ as of 25 March 2010, the effective interest rate3 for the whole tenor of 9-month Privileged HKD Fixed Deposit with deposit amount HK$100,000 - HK$499,999 is 0.68%p.a. and that of HK$500,000 - HK$3,000,000 is 0.76%p.a.
 
Besides, 3-month Privileged HKD Fixed Deposit account2 is also available for your own choice.
   
1st Month
2nd Month
3rd Month
HK$100,000 - HK$499,999
Mark-up Rate
+ 0.20%
+ 0.35%
+ 0.55%
Interest Rate
(i.e. 3-month fixed deposit board rate + mark-up rate)
 0.28% 0.43% 0.63%*
HK$500,000 - HK$3,000,000
Mark-up Rate
 + 0.20% + 0.40% + 0.70%
Interest Rate
(i.e. 3-month fixed deposit board rate + mark-up rate)
 0.28% 0.48% 0.78%*
* as of 25 March 2010, the effective interest rate3 for the whole tenor of 3-month Privileged HKD Fixed Deposit with deposit amount HK$100,000 - HK$499,999 is 0.45%p.a. and that of HK$500,000 - HK$3,000,000 is 0.51%p.a..
 
Offer 2 Fabulous Welcome Offer
New deposit customer, who opens a 9-month or 3-month Privileged HKD Fixed Deposit account, is entitled to enjoy up to HK$200 Cash Rewards4 as welcome gift.
 
Act now to enjoy the privileged offer
Please visit any MEVAS Bank branch to open an account now.
 

Remarks:

  1. The interest calculation for Privileged Fixed Deposit is based on 9-month or 3-month HKD Fixed Deposit Board Rate provided by MEVAS Bank (the "Bank") during account opening. The fixed deposit board rate and the mark-up interest rate are subject to change according to the market environment. The effective interest rate for the whole deposit tenor is based on the interest rate provided by the Bank during account opening.
  2. The above offer is only applicable to New Deposit Customer, who opens a 9-month or 3-month Privileged HKD Fixed Deposit account with New Fund (For the definition of New Fund and New Deposit Customer, please refer to Remarks No. 4 and Remarks No. 5 respectively) during the Promotion Period. Also, eligible customer should open a MEVAS Plus Account at the same time and the respective deposit amount should be between HK$100,000 and HK$3,000,000.
  3. For example, as of 25 March 2010, 9-month and 3-month fixed deposit board rate are 0.25%p.a. and 0.08%p.a. respectively. The effective interest rate for the whole deposit tenor will be as follows:
     

    Effective Interest Rate
    ( = Respective Fixed Deposit Board Rate + Monthly Average Mark-up Rate)

    9-month Privileged HKD Fixed Deposit
    3-month Privileged HKD Fixed Deposit
    HK$100,000 - HK$499,999
    0.25% + 0.43% = 0.68%
    0.08% + 0.37% = 0.45%
    HK$500,000 - HK$3,000,000
    0.25% + 0.51% = 0.76%
    0.08% + 0.43% = 0.51%
    Effective rate of whole deposit tenor varies, depending on the deposit placement date and no. of calendar days of each month within the tenor, and is subject to the interest calculation based on "A 365-day Year" (for both ordinary and leap year).
  4. New Deposit Customer, who opens Privileged HKD Fixed Deposit, can be entitled the following Cash Rewards:
     
    Cash Rewards Amount
    HK$100,000 - HK$499,999
    HK$100
    HK$500,000 - HK$3,000,000
    HK$200
    Each New Deposit Customer is entitled to the above Cash Rewards once only. New Deposit Customer is defined as customer who has not hold any deposit accounts during 2 October 2009 to 31 March 2010. Cash Reward will be credited to eligible customer's MEVAS Plus Account on or before 31 August 2010. The eligible customer must maintain his/her MEVAS Plus Account at the date of credit.
  5. New funds are defined as fund newly deposited at the Bank, using a cheque drawn on other bank, inward CHATS or T/T during the Promotion Period and excluded fund transfer from the existing Dah Sing Bank / MEVAS Bank account. In case of any disputes in relation to the definition of new fund, the decision of the Bank shall be final. For the definition details, please contact our Customer Services Officers at any MEVAS branch.
  6. The interest rate for subsequent fixed deposit renewals will be based on the prevailing interest rate offered by the Bank. The above offer cannot be used in conjunction with any other promotional offer of the Bank. The Bank reserves the right to amend terms and conditions and/or terminate the above offer at any time without prior notice. In case of disputes arising out of this promotion, the decision of the Bank shall be final and conclusive.
  7. The above offer is not applicable to Privileged HKD Fixed Deposit placement through e-Banking service.
  8. Should there be any discrepancy between the English version and Chinese version of these terms and conditions, the English version shall prevail.