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Time deposits
 
Time deposits include lump-sum, installment-time, interest-based, installment-drawing, and time-demand optional deposits. These time deposit services are described as follows:
Lump-sum time deposit
A lump-sum time deposit allows you to deposit a sum of money for a fixed term and to withdraw the principal and interest when the term expires.
Features:
  • 1.
    Yields high and stable interest rate, which is proportional to the length of the deposit term;
  • 2.
    Automatically renews the term on expiration. Enables you to transfer money between your All in One card current and time deposit accounts in multiple ways. CMB also provides a notice deposit service to help you manage your savings.
  • 3.
    Allows you to pledge your lump-sum time deposit for a loan to finance your capital turnover needs. You can also withdraw part of your lump-sum time deposit, provided that the interest is calculated based on the current deposit interest rate on the date of withdrawal.
  • 4.
    Low minimum amounts: RMB50 yuan, HKD50, JPY1,000, and 10 in other currencies.
  • 5.
    Provides multiple terms, including 3 months, 6 months, 1 year, 2 years, 3 years and 5 years for Renminbi; 1 month, 3 months, 6 months, 1 year and 2 years for foreign currencies.
Installment time deposit
An installment time deposit enables you to deposit a fixed sum of money on a monthly basis and withdraw the principal and interest when the deposit term expires.
Features:
  • 1.
    Appeals to a large number of customers and implements simple procedures.
  • 2.
    Helps you accumulate a considerable sum of money by saving on a monthly basis.
  • 3.
    Features a low threshold amount of 5 yuan.
  • 4.
    Provides flexible terms, including 1 year, 3 years and 5 years.
  • 5.
    Enables you pay two installments in the next month if you cannot make an installment in the current month. Note that two missed payments cannot be made up in the next month.
Interest-drawing time deposit
If you have a sum of idle money, you can deposit it with a fixed term and withdraw the interest on a regular basis to pay for living costs. The interest-drawing time deposit allows you to receive interest on a regular basis and withdraw the principal when the deposit term expires.
Features:
  • 1.
    The threshold amount is RMB5,000 and the balance remains the same during the deposit term.
  • 2.
    Provides three deposit terms: 1 year, 2 years and 3 years.
  • 3.
    Yields regular interest payments. You cannot withdraw interest in advance. If you do not withdraw the interest accumulated in a month, you can withdraw it anytime without compound interest.
Installment-drawing time deposit
If you have a large sum of money and need to withdraw it in installments in the future, you can choose the installment drawing time deposit. This enables you to deposit a sum of money, withdraw the principal in installments, and receive interest when the deposit term expires.
Features:
  • 1.
    Features a low threshold amount of RMB1,000.
  • 2.
    Provides three deposit terms: 1 year, 2 years and 3 years.
  • 3.
    Enables you to choose to withdraw money on a monthly, 3-monthly or 6-monthly basis.
  • 4.
    Pays interest in one payment when the deposit term expires.
Time-demand optional deposit
If you have a large sum of money that you plan to use in the near future, you can select a time-demand optional deposit.
Features:
  • 1.
    Incorporates the flexibility of a current deposit and the interest of a time deposit. The interest is proportional to the deposit term.
  • 2.
    Features a low threshold of 50 yuan.
  • 3.
    Enables funds to be deposited and withdrawn in one payment.
  • 4.
    If the deposit term exceeds the required shortest period and is less than 1 year, the interest rate is equal to 60% of that on the lump-sum time deposit with the same deposit term. If the deposit term exceeds 1 year, the interest rate is equal to 60% of that on the 1-year lump-sum time deposit. If the deposit term is shorter than the required shortest period, it only bears the current deposit interest rate.
How to apply :
All In One Card users
Lump-sum time deposits and installment time deposits
You can make a lump-sum time deposit through telephone banking, online banking, self-service terminals, ATMs, or at a CMB branch.
You will only receive a deposit receipt for lump-sum time, private notice, and time-demand optional deposit.
Service Channels:
All In One Card users

Function/channel

Telephone banking

Private Banking (professional and general edition)

Self-service terminal

ATM

CMB branch

Open a time deposit account and make a deposit

 

 

 

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(only lump-sum time deposit)

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Account inquiry

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Transfer a current deposit into lump-sum time deposit

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Transfer a mature lump-sum time deposit into a current deposit

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Withdraw a time deposit in advance

 

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(Professional edition)

 

 

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Note:
You need to bring your bank card/deposit receipt and ID card to a CMB branch in the account opening city to withdraw a time deposit in advance. If you authorize another person to withdraw the deposit on your behalf, they also need to bring their ID card.
Customers with deposit receipts
Please visit a CMB branch.
Instructions:
Instructions for deposit via ATM
Insert your All In One card and cash into a CMB CDM/CDS2000 ATM. After you confirm the amount, follow the instructions to open a lump-sum time deposit account.
Online Banking Operation Instructions
 
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.