Terms and Conditions for the Preferential Interest Rate of up to 0.8% p.a. ("Reward")

1. Promotion Period is from 1 January 2021 to 30 June 2021 (both dates inclusive) ("Promotion Period").
2. "Eligible Customer" refers to the primary account holder of (sole or joint-named) Target Savings Deposit Account ("Target Savings") of Dah Sing Bank, Limited ("Bank").
3. "Primary account holder" refers to the "Applicant" mentioned in the New Account(s) / Service(s) Application Form signed by the customer.
4. During the Promotion Period, for eligible customers who successfully open Target Savings and fulfill the following requirements, new-to-deposit customers will be entitled to 0.8% p.a. interest rate if open VIP Banking, YOU Banking, Hello Kitty VIP Banking or Hello Kitty i-Account; or existing deposit customers will be entitled to 0.6% p.a. interest rate if upgrade to VIP Banking, YOU Banking, Hello Kitty VIP Banking or Hello Kitty i-Account:
   • Deposit Term: 52 weeks or 12 months
   • Minimum Fixed Deposit Amount: HKD100 per week / HKD500 per month
   • Maximum Fixed Deposit Amount: HKD1,000 per week / HKD70,000 per month
   • Increment Deposit Amount: HKD1,000 per week / per month
   • Minimum Increment Deposit Amount: HKD0 per week / per month
   • Provide a valid email address for receiving the notifications or the latest information and offers relating to the products, services and / or subjects set out in paragraph (g) of the Bank's Notice to Customers relating to Customers' Data made available by the Bank to customers from time to time. If the customer is unwilling to receive the said notification or information and offers by email, he / she will not be entitled to the Reward.
5. New-to-deposit Customers are customers who did not hold any deposit account with the Bank one month prior to the opening of Target Savings. The Bank's "Existing Customers" are the existing customers of the Bank who have any deposit account maintained with the Bank.
6. Deposit account can be an i-Account, Hong Kong Dollar, Renminbi and Foreign Currency, Savings, Current Accounts and Fixed Deposits and Target Savings.
7. The preferential interest rate is for reference only and will be subject to the rate as quoted by the Bank from time to time. For details of interest rate, please contact the Bank's staff.
8. Each Eligible customer is entitled to Reward once only during the Promotion Period. For eligible customers who hold a joint-named account, only the primary account holder will be eligible for Reward. Limited quota applies to the Reward, which is available on a first-come-first-served basis.
   
9. Monthly maintenance fees and charges are applicable to VIP Banking, YOU Banking, Hello Kitty VIP Banking and Hello Kitty i-Account(if applicable). For details of such fees and charges, please refer to the prevailing "Bank Service Charges" of the Bank.
10. The Bank reserves the right to alter or terminate the offers herein and amend these terms and conditions at the sole and absolute discretion of the Bank and at any time without prior notice. In case of any disputes, the decision of the Bank shall be final and conclusive.
11. These terms and conditions shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.
12. Should there be any discrepancy between the Chinese version and English version of these terms and conditions, the Chinese version shall prevail.

General Remarks

13. For detailed terms and conditions in relation to the Target Savings Deposit Account ("Target Savings") and its Payment Holiday Arrangement, please refer to the "Master Terms and Conditions" of Dah Sing Bank, Limited (the "Bank") or contact the Bank's staff.
14. Fees and charges are applicable to Target Savings. For details of such fees and charges, please refer to the prevailing "Bank Service Charges" of the Bank.
15. The interest rate is for reference only and not guaranteed and will be subject to the rates as quoted by the Bank from time to time. For interest rate details, please contact the Bank's staff.
16. The calculation result of the Target Savings Calculator and the example are for reference only.
17. The actual interest rate will be subject to the prevailing rate on the account opening date. The final total amount may be affected by the utilization of the Payment Holiday Arrangement and the actual payment date. For details, please contact the Bank's staff.
18. The 52-week deposit must be placed with the Bank by setting up a Direct Debit Authorization with any one bank account maintained with us.
19. The 12-month, 18-month, 24-month, 30-month or 36-month deposit can be place with the Bank by setting up a Direct Debit Authorization with an account maintained with any local bank.
20. The minimum Fixed Amount of Monthly Deposit is HKD500 while the minimum Fixed Amount of Weekly Deposit is HKD100. The Fixed Amount of Monthly / Weekly Deposit must be in multiples of hundreds.
21. Customer can choose to include an Increment Deposit Amount on a weekly or monthly basis. If such a choice is made by customer, such Increment Amount must be in multiples of tens.
22. Interest Rate of Target Savings is calculated daily on a simple interest basis. The total accumulated interest and instalment payment will be available for withdrawal by the customer upon the completion of the entire deposit term. Deposit interest is calculated on a 365-days-a-year basis (for both ordinary years and leap years).

This service / product is not targeted at customers in the EU.