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Agreement Deposit
 
This service enables an enterprise that has established a basic or general deposit account with CMB to generate interest on its deposit fund excluding the amount reserved for payment at a rate agreed with CMB.

Under this model, CMB sets the minimum amount of reserve fund in an enterprise’s settlement account based on a contract with the enterprise. The funds in the account are entitled to interest at rates for demand and agreement deposits respectively.

Features
  • ·
    Increases interest income for the depositor;
  • ·
    Enables the enterprise to improve fund utilization.
Note:
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.