The depositor can withdraw a demand deposit at any time or use it for settlement.

A Renminbi demand deposit can have a term of three months, six months, one year, two years or three years. A foreign currency demand deposit can have a term of one, three or six months, one year or two years.

Without a fixed term, you agree to withdraw your deposit only after sending us prior notice. With a higher yield than the demand deposit, the notice deposit allows you to save any principal exceeding our minimum requirement in one lump sum, and withdraw the money in one or more installments.
Currently, renmibi notice deposits include one-day and seven-day notice deposits, which require the depositor to deposit a minimum of RMB500,000 and withdraw a minimum of RMB100,000 each time. Based on seven days’ notice, notice deposits in foreign currency require the depositor to deposit and withdraw a an equivalent of RMB10,000 in foreign currency.

You are advised to choose this type of deposit if your bank account often holds large amounts of money for business. By calculating the interest for funds exceeding a preset deposit base based on your accounts, this service meets your fund allocation requirements and generates a higher yield than a demand deposit.

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  Without a fixed deposit term, the depositor is required to give us a 7 days’ notice in advance of withdrawing money in a foreign currency. This service only applies to foreign currencies for which we publish notice deposit interest rates.
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  The minimum deposit required for this service is an equivalent of USD50,000, and the minimum amount of withdrawal is an equivalent of USD10,000. The service allows you to deposit the principal in one lump sum and withdraw the money in one or more installments. Any organization qualified to open a foreign currency account in China can establish a corporate notice deposit account with us. The opening procedure is governed by the regulations of CMB and the Administration of Exchange Control.