The term of RMB time deposit includes six grades: three months, six months, one year, two years, three years and five years. Foreign currency time deposits include small foreign currency time deposits (US$ 3 million or less) and large foreign currency time deposits (US$ 3 million or more). The term of deposit includes five grades: one month, three months, six months, one year and two years.

Provisions on foreign currency time deposits:

Time deposit is a kind of deposit in which the customer and the bank agree on the term of deposit, deposit the temporarily idle funds into the bank, and when it is withdrawn at maturity, the bank pays interest at the interest rate agreed on the deposit date. Divided into RMB time deposits and foreign currency time deposits.

Foreign currency deposits with an initial deposit of USD 3 million, GBP 2 million, EUR 3.4 million, JPY 300 million, HKD 23 million, Canadian dollar 4.4 million and Swiss franc 5.3 million or more are large foreign currency deposits and can enjoy preferential interest rates.

When the RMB unit time deposit is withdrawn at maturity, the interest shall be calculated according to the corresponding grade time deposit rate published by the People's Bank of China on the deposit date, and the interest shall be settled with the principal. In case of interest rate adjustment during the deposit period, interest will not be calculated in installments. If the deposit is not withdrawn at maturity, the interest on the demand deposit will be automatically converted into the principal, and will be automatically transferred according to the listing interest rate of the same grade published by the People's Bank of China on the transfer date and the original agreed deposit period.

Baidu encyclopedia-personal foreign exchange deposit