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Target Savings Deposit

Save progressively to leap to your target!

Never Save Alone! YOU CHALLENGE•WE REWARD

Challenge Reward: Preferential Interest Rate up to 2%p.a. (Limited quota on a first-come-first-served basis)

During the Promotion Period1, Eligible Customers* who successfully open Target Savings Deposit and fulfill the following requirements will enjoy the Preferential Interest Rate:

  • Deposit Term: 52 weeks or 12 months
  • Minimum Designated Deposit Amount:HK$100 per week / HK$500 per month
  • Provide a valid email address
*Eligible Customers Interest Rate
New-to-deposit Customers who join VIP Banking, YOU Banking, Hello Kitty VIP Banking or Hello Kitty i-Account 2%
Existing Customers who upgrade to VIP Banking, YOU Banking, Hello Kitty VIP Banking or Hello Kitty i-Account 1.5%

YOU Banking customers can earn YOU Points by setting up autopay instruction for instalments (at least HK$1,000 for each autopay transaction). For details, please click here.

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Products Features

Interest rate will be fixed upon account opening, you can enjoy a higher interest than ordinary Hong Kong Dollar Savings Account.

 

Deposit Term Interest Rate (p.a.)*
52 Weeks 0.70%
12 Months 0.60%
18 Months 1.20%
24 Months 1.30%
30 Months 1.35%
36 Months 1.50%

* Above interest rates are quoted based on Target Savings Deposit rates of published on 21 December 2017 and is for reference only. For interest rate details, please contact the Bank's staff.

Deposit Term Deposit Amount per instalment
Deposit Frequency Tenor Fixed Amount + Increment Amount
Monthly Monthly 12, 18, 24, 30 or 36 months Min. requirement HK$500 Besides the fixed amount, add an increment amount on an accumulative basis to boost your savings power
Weekly 52 weeks Min. requirement HK$100

 

 

For example, for an increment amount of HK$100 and a weekly deposit amount of HK$10, the first weekly deposit will be HK$100 and the second weekly deposit will be HK$110 and so on. In a year, your savings will be HK$18,460.

Various saving terms to choose from: 12, 18, 24, 30 and 36 months and 52 weeks (NEW)

How much will be saved after taking the 52-week challenge?

To save easily and take the 52-week saving challenge now and reach your dream in a leap!

Example:A customer opens an account and selects a Weekly Term, a Fixed Amount of HK$1,000 and an Increment Amount of HK$50.

Deposit Term

(Weekly)

Deposit Amount

Expected Principal

Deposit Term

(Weekly)

Deposit Amount

Expected Principal

Fixed Amount

Increment Amount

Fixed Amount

Increment Amount

First half year(HK$)

Second half year(HK$)

1 $1,000 $0 $1,000 27 $1,000 $1,300 $44,550
2 $1,000 $50 $2,050 28 $1,000 $1,350 $46,900
3 $1,000 $100 $3,150 29 $1,000 $1,400 $49,300
4 $1,000 $150 $4,300 30 $1,000 $1,450 $51,750
5 $1,000 $200 $5,500 31 $1,000 $1,500 $54,250
6 $1,000 $250 $6,750 32 $1,000 $1,550 $56,800
7 $1,000 $300 $8,050 33 $1,000 $1,600 $59,400
8 $1,000 $350 $9,400 34 $1,000 $1,650 $62,050
9 $1,000 $400 $10,800 35 $1,000 $1,700 $64,750
10 $1,000 $450 $12,250 36 $1,000 $1,750 $67,500
11 $1,000 $500 $13,750 37 $1,000 $1,800 $70,300
12 $1,000 $550 $15,300 38 $1,000 $1,850 $73,150
13 $1,000 $600 $16,900 39 $1,000 $1,900 $76,050
14 $1,000 $650 $18,550 40 $1,000 $1,950 $79,000
15 $1,000 $700 $20,250 41 $1,000 $2,000 $82,000
16 $1,000 $750 $22,000 42 $1,000 $2,050 $85,050
17 $1,000 $800 $23,800 43 $1,000 $2,100 $88,150
18 $1,000 $850 $25,650 44 $1,000 $2,150 $91,300
19 $1,000 $900 $27,550 45 $1,000 $2,200 $94,500
20 $1,000 $950 $29,500 46 $1,000 $2,250 $97,750
21 $1,000 $1,000 $31,500 47 $1,000 $2,300 $101,050
22 $1,000 $1,050 $33,550 48 $1,000 $2,350 $104,400
23 $1,000 $1,100 $35,650 49 $1,000 $2,400 $107,800
24 $1,000 $1,150 $37,800 50 $1,000 $2,450 $111,250
25 $1,000 $1,200 $40,000 51 $1,000 $2,500 $114,750
26 $1,000 $1,250 $42,250 52 $1,000 $2,550 $118,300

Realize your dream with your savings power!

To size up your savings power, use our eCalculator at www.dahsing.com/deposit/TSDcalculator.

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Monthly instalments by Autopay brings you added convenience

  • You can skip an instalment payment once every 12 months during the Deposit Term to make room for any unexpected expenses
  • The arrangement will be invoked automatically, no registration is needed
  • Reminder of Deposit Date (Applicable to Monthly Instalment only)
  • Reminder of Payment Holiday Arrangement
  • Log into Dah Sing e-Banking Service or Mobile Banking Service at any time to look up your savings progress
  • Daily update for the projected principal and interest on maturity
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Target Savings Deposit Video

For Chinese Version only

For Chinese Version only

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ACT NOW!

Subject to relevant terms and conditions. For details, please click here.

General Terms and Conditions

  1. Promotion Period is from 2 October 2018 to 31 March 2019 (both dates inclusive) ("Promotion Period").
  2. "Eligible Customer" refers to, in each case, the primary account holder of Target Savings (sole or joint-named).
  3. "Primary account holder" refers to the "Applicant" mentioned in the New Account(s) / Service(s) Application Form signed by the customer.
  4. An Eligible Customer must provide a valid email address to the Bank 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 Challenge Reward.
  5. Each Eligible customer is entitled to Challenge 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 Challenge Reward. Limited quota applies to the Challenge Reward, which is available on a first-come-first-served basis.
  6. 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.
  7. These terms and conditions shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.
  8. Should there be any discrepancy between the Chinese version and English version of these terms and conditions, the Chinese version shall prevail.

 

Terms and Conditions for the Preferential Interest Rate of up to 2%p.a.("Challenge Reward")

  1. During the Promotion Period, eligible customers who join VIP Banking, YOU Banking, Hello Kitty VIP Banking or Hello Kitty i-Account and successfully open Target Savings and fulfill all the following requirements will be entitled to the 2%p.a. interest rate (for New-to-deposit Customers) or the 1.5% p.a. interest rate (for Existing customers):
    - Deposit Term: 52 weeks or 12 months
    - Minimum Fixed Deposit Amount: HK$100 per week / HK$500 per month
    - Maximum Fixed Deposit Amount: HK$1,000 per week / HK$70,000 per month
    - Increment Deposit Amount: HK$1,000 per week / per month
    - Minimum Increment Deposit Amount: HK$0 per week / per month
    - Provide a valid email address
  2. New-to-deposit Customers are customers who did not hold any deposit account with the Bank one month prior to opening Target Savings. The Bank's "Existing Customers" are the existing customers of the Bank who have any deposit account maintained with the Bank.
  3. Deposit account can be an i-Account, Hong Kong Dollar, Renminbi and Foreign Currency, Savings, Current Accounts and Fixed Deposits and Target Savings Deposit Account.
  4. 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 interest rate details, please contact the Bank's staff.

 

 

General Remarks:

  1. 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.
  2. 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.
  3. 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.
  4. The calculation result of the Target Savings Calculator and the example are for reference only.
  5. 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.
  6. 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.
  7. 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.
  8. The minimum Fixed Amount of Monthly Deposit is HK$500 while the minimum Fixed Amount of Weekly Deposit is HK$100. The Fixed Amount of Monthly/Weekly Deposit must be in multiples of hundreds.
  9. 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.
  10. 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).