Time Savings of Lump-sum Deposit and Withdrawal

Brief Introduction

This is a service whereby you designate the deposit term and put in the money in a lump sum for one-off withdrawal of both the principal and interest upon maturity.

Characteristics

large amount, longer term, more profits and higher stability of deposit

Requirement

RMB 50 up

Deposit term

3 months; 6 months; 1 year; 2 years; 3 years; 5 years.

Interest rate

1.Interest is calculated according to the interest rate publicly listed on the day of deposit for time savings of lump-sum deposit and withdrawal of the corresponding term and grade, with no accrual of interest by period in case of an adjustment of interest rate, and the interest is settled along with the principal.

2.If the deposit is withdrawn prematurely in part or in full, the interest on the part so withdrawn is calculated according to the interest rate listed publicly for demand savings deposit on the day of withdrawal, while the interest on the part not withdrawn prematurely is calculated according to the interest rate of the original deposit receipt.

3.For overdue withdrawal, the interest on the part that exceeds the agreed deposit term is calculated according to the interest rate listed publicly for demand savings deposit on the day of withdrawal, unless automatic redeposit is designated.

4.Interest is calculated on a case-by-case basis.

Process

1.Deposit term is selected at will.

2.Interest is paid in a lump on maturity.

3.Premature withdrawal is made against valid certificate.

Note

You may hold your own identity certificate to open a personal account with any outlet of CGB. An agent acting on someone¡¯s behalf needs also to produce his/her identity certificate.