Please note these special rates are only applicable to new funds deposited into your Multi Currency Savings Account during the campaign period.
* The 3-month time deposits interest rates for U.S. Dollars, Euros and Pounds Sterling will be doubled from the HSBC Premier standard interest rates as of 1 June 2009.
Estimated interest (after tax): U.S. Dollar 3-month Time Deposit
Deposit amount: 100,000 U.S. Dollars
USD100,000 X 0.32% p.a.(after tax) X 91* / 365days = USD79.78
* The interest will be calculated based on the actual number of days of the deposit term. The actual interest paid might differ from the estimate above.
The interest rates offered for this campaign are only applicable to the initial deposit term and cannot be rolled over. After maturity, the principal and the interest will be automatically credited to the Multi Currency Savings Account in the currency of the time deposit, and the interest rate of each currency will be applied.
Foreign Currency Deposits carry foreign exchange fluctuation risks. Due to foreign exchange fluctuation, the actual Yen equivalent amount in foreign currency could be smaller than the original amount in Yen at the time of foreign currency deposit contract (i.e. there is a risk of loss of principal on a Yen basis).
If you convert Yen into a foreign currency at the time of deposit, or foreign currency into Yen at the time of withdrawal, a one-way foreign currency exchange fee is levied (for example, 1.00 Yen per 1 U.S. Dollar, 4.00 Yen per 1 Pound Sterling, etc.). Therefore, even if there is no foreign exchange, there is a risk that the Yen equivalent amount of the funds actually received in foreign currency could be smaller than the original amount in Yen at the time of foreign currency deposit contract (i.e. there is a risk of loss of principal on a Yen basis) due to our two-way (selling and buying) foreign currency exchange fee (for example, 2.00 Yen per 1 U.S. Dollar, 8.00 Yen per 1 Pound Sterling, etc.).
In principle, cancellation before maturity is not allowed. If the Bank, in its sole discretion, should accept such a request, the interest rate to be applied for the period from the deposit date to the cancellation date shall become zero and only the initial principal will be credited to the Multi Currency Savings Account of the same currency.
Foreign currency cash handling fees will be charged for the cash handled over the counter. The fee varies depending on the currency. For example, the fee for Pound Sterling deposit or withdrawal is 4 Yen per Pound Sterling in the case of an over-the-counter transaction.
During the campaign, campaign interest rates and other conditions may be revised as a result of changes in the market environment or factors.
This campaign is not available through HSBC Internet Banking.
This campaign is applicable only for individual customers who have an HSBC Premier Account in Japan.
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 fact sheet is available at HSBC Premier Centres.
Deposits in HSBC are not covered by Japan's Deposit Insurance scheme.
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 overseas HSBC Premier countries without meeting the local HSBC 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.
* The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group, headquartered in London, UK.
