Step-up Interest Rate Series

From now till 31 March 2010, customer, who opens a new Privileged HKD Fixed Deposit account with new fund at MEVAS Bank, is entitled to enjoy extra interest rate up to +2.50%1 and privileged offer.

 
Step-up Deposit Rate
Open a new 6-month or 12-month Privileged HKD Fixed Deposit account to enjoy extra interest rate up to +2.50% p.a.
 
6-month Privileged HKD Fixed Deposit:
Deposit Amount
1st - 3rd
Month
4th - 5th
Month
6th
Month
HK$100,000 to HK$10,000,000
+0.03%
+0.05%
+1.03%

Illustrative interest rate using a 6-month fixed deposit with deposit amount HK$1,000,000
(i.e. 6-month fixed deposit board rate + interest mark-up)2

 0.18% 0.20% 1.18%*
* The effective interest rate3 for the whole tenor of 6-month Privileged HKD Fixed Deposit is 0.35%p.a., as of 24 December 2009.
 
12-month Privileged HKD Fixed Deposit:
Deposit Amount
1st - 3rd
Month
4th - 6th
Month
7th - 11th
Month
12th
Month
HK$100,000 to HK$10,000,000
+0.10%
+0.20%
+0.45%
+2.50%

Illustrative interest rate using a 12-month fixed deposit with deposit amount HK$1,000,000
(i.e. 12-month fixed deposit board rate + interest mark-up)2

 0.43% 0.53% 0.78% 2.83%**
** The effective interest rate3 for the whole tenor of 12-month Privileged HKD Fixed Deposit is 0.80%p.a., as of 24 December 2009.
 
 
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 6-month or 12-month HKD Fixed Deposit Board Rate provided by Dah Sing 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 to customers is based on the interest rate provided by the Bank during account opening.
  2. The above offer is only applicable to customer, who opens a 6-month or 12-month Privileged HKD Fixed Deposit with New Fund (For the definition of New Fund, please refer to Remarks No. 4) during the Promotion Period and the respective deposit amount should be between HK$100,000 and HK$10,000,000.
  3. For example, as of 24 December 2009,  6-month  and 12-month fixed deposit board rate are 0.15%p.a. and 0.33%p.a. The effective interest rate for the whole deposit tenor of 6-month or 12-month are 0.15%p.a. + 0.20%p.a. (i.e. the average monthly mark-up interest rate) = 0.35%p.a. and 0.33%p.a. + 0.47%p.a. (i.e. the average monthly mark-up interest rate) = 0.80%p.a. to customers. The 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 the interest calculation based on "A 365-day Year" (for both ordinary and leap year).
  4. 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.
  5. 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.
  6. The above offer is not applicable to Privileged HKD Fixed Deposit placement through e-Banking service.
  7. Should there be any discrepancy between the English version and Chinese version of these terms and conditions, the English version shall prevail.