Foreign Currency Fixed Deposit Promotion
 

MEVAS Bank provides you with preferential Foreign Currency Fixed Deposit offer to maximize interest earnings on your foreign currencies balance. Customer, who opens any designated Foreign Currency Fixed Deposit account1 on or before 30 June 2010 (“Promotion Period”), is entitled to enjoy the following preferential offers:
 
Fixed Deposit Offer

Customer, who places AUD, NZD, EUR or USD fixed deposit of 1, 2, 3 or 6-month tenor, will be entitled to the following interest rate offer:  
 
AUD
NZD
EUR
USD
6-month Fixed Deposit Interest Rate up to 2
4.08%
2.72%.
0.45%
0.38%
 

Exchange Rate Offer

Customer, who places the above eligible foreign currency fixed deposit with HK dollars, will be entitled to enjoy the below exchange rate discount:
 
AUD
NZD
EUR
USD
Exchange Rate Discount up to (basis point)3
50
50
30
30
 
Handling Fee Offer

New funds transfer via CHATS, remittance or cashier’s order from other local banks for any of the above Fixed Deposit placements, customer will be entitled to enjoy up to HK$270 handling fee rebate4.

 
ACT NOW! 
Please visit any MEVAS Bank branch to enjoy the preferential offers!
 
Terms & Conditions:
    1. During the Promotion Period, customer, who places any fixed deposit of AUD, NZD, EUR or USD (the “Selected Currency”) for 1, 2, 3 or 6-month tenor with amount of HK$50,000 or above (or equivalent) with MEVAS Bank (“the Bank”), is entitled to enjoy fixed deposit interest rate markup and exchange rate discount. These offers are not applicable for renewal deposit fund.  The fixed deposit interest rate mark-up and respective exchange rate discounts of each Selected Currency will be different. Please refer to the following table or contact our Customer Service Officers at any Dah Sing branch for details.
      2.  
      AUD
      NZD
      EUR
      USD
      1, 2-month Fixed Deposit Interest Mark-up
      0.20%
      0.10%
      3, 6-month Fixed Deposit Interest Mark-up 
      0.40%
      0.20%
      Exchange Rate Discount up to (basis point) 
      50
      30
    2. The above Fixed Deposit interest rates of the Selected Currency are based on the Bank’s respective 6-month fixed deposit board rates plus designated mark-up rates as of 24 February 2010 and are for reference only. The Bank does not guarantee the availability of the offering of the above mentioned interest rates. The fixed deposit board rates and the mark-up interest rates are subject to change according to the market environment. The interest rate offered to customers is based on the interest rate provided by the Bank at account opening. The respective deposit amount should be between HK$50,000 and HK$10,000,000 or equivalent.
    3. Customer, who places the respective fixed deposit with amount of HK$50,000 or above (or equivalent), is eligible to enjoy a premium of up to 50 basis points on exchange rates for exchanging AUD/NZD and a premium of up to 30 basis points for exchanging EUR and USD via branches.
    4. Handling fee rebate includes the waiver of inward remittance fee (HK$70 or US$9 or equivalent) and the rebate of other banks’ outward remittance fee up to HK$200. Inward remittance fee will be waived upon the placement of the above Fixed Deposit; whereas the outward remittance fee of other banks, amount up to HK$200, will be rebated upon the presentation of the respective receipt issued by other banks upon the account opening of the above Fixed Deposit. Eligible handling fee will be rebated in the form of cash coupons. Eligible customer will receive the cash coupon redemption letter and Customer should redeem the cash coupons at the account opening branch on the designated dates. For details of the above offer and related Terms & Conditions, please contact our Customer Service Officers at any Dah Sing branch.
    5. The Bank is not the cash coupon supplier and makes no representations or guarantees as to the quality of the products provided by the suppliers of the cash coupon in this promotional campaign. Any disputes or complaints in respect of the cash coupon should be directed to the supplier. Cash coupons are available while stock lasts. The Bank reserves the right to cancel the offer or amend these terms and conditions at anytime without prior notice.
    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 the terms and conditions and/or terminate the above offers at any time without prior notice. In case of disputes, the decision of the Bank shall be final and conclusive.