Campaign period starts from 8 September 2008 to 3 pm 28 November 2008
Available only at HSBC Premier Centres or the HSBC Premier Call Centre
Note: This campaign is not available on internet banking.
Time deposits will be a non-rollover type. At maturity, the principal and interest will be credited to Yen Savings Account and the interest rate of Yen Savings Account will be applied.
Interest estimation for this campaign (example)
One-month Japanese yen time deposit
JPY1 million x 2.4% p.a. after-tax x 30 days/365 days = JPY1,973
Two-month Japanese yen time deposit
JPY2 million x 1.6% p.a. after-tax x 60 days/365 days = JPY5,260
Three-month Japanese yen time deposit
JPY3 million x 0.8% p.a. after-tax x 91 days/365 days = JPY5,984
The estimation of total interest is JPY13,217.
* The estimation is calculated based on a 365-day year. The actual interest paid might differ from the estimate.
HSBC Premier is a bank exclusively for customers with financial assets of more than JPY 10 million.Details
Important notes
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Application to the campaign will be limited to one time per customer.
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In principle, premature encashment of the Japanese yen time deposits is not allowed. If the Bank, in its sole discretion, should accept such a request, the interest rate to be applied for the period covering the deposit date to the cancellation date shall become zero and only the initial principal will be credited to the savings account of the same currency.
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The interest rates offered for this campaign are only applicable to the one-month, the two-month, and the three-month JPY time deposits (The amount of deposit for each term shall be an amount stipulated by the Bank) included in the campaign.
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This campaign is intended only for individual customers who both open an HSBC Premier Account in Japan and apply for the JPY6 million time deposit set during the campaign period.
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During the campaign, the offered interest rates may be revised, the conditions may be changed or the campaign may be suspended as a result of changes in the market environment or conditions.
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Before applying for this campaign, please be sure to read and understand the full product features and the terms and conditions that apply. The product description is available at HSBC Premier Centres or on our website.
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Deposits (including Japanese yen deposits) are not covered by the Deposit Insurance Scheme.
HSBC Premier Eligibility Requirement
Our "Premier in One, Premier in All" philosophy allows you to choose where you want to qualify HSBC Premier, whether in Japan or in another country overseas. Once you qualify in one country, you can open a local HSBC Premier account in all our overseas HSBC Premier countries without meeting the local Premier qualification criteria (subject to local banking regulations). If you decide to qualify HSBC Premier in Japan, you need to maintain a monthly average balance with HSBC Premier Japan of JPY10 million or equivalent in deposits/investments/insurance.In principle, if the monthly average balance requirements are not met in the previous month, a monthly below balance fee of JPY5,000 inclusive of tax will be charged and service offerings may be restricted.
＊If a customer only holds time deposits of this campaign (JPY6 million) and his/her monthly average balance remains below JPY10 million, a monthly below balance fee will be charged.
*HSBC Premier offers services in Japan through The Hongkong and Shanghai Banking Corporation Limited, which is the founding member of the HSBC Group, headquartered in London, UK.
