Business Term
Deposit

You decide what happens at maturity.

Change your maturity instructions any day up to one business day before maturity, either online or by calling us on +852 8125 6519.

Renew the full amount

Reinvest your initial deposit amount and interest. It doesn't have to be for the same length of time.

Renew the principal only

Reinvest your initial deposit for the term you want, and have the interest deposited into your linked bank account.

Close your term deposit

Transfer the initial deposit amount and interest to your linked bank account.

Renewal

If renewing, you can choose the same term or a different term from one of the options. You may also deposit additional money at this time.

Grace Period

All Business Term Deposits that roll over benefit from a 'grace period' of 7 calendar days, starting from the maturity date.

During this time, you can contact us to close your Business Term Deposit without incurring a reduction in the interest rate that applies to your account. You can also change the amount of funds in your new account and/or change the term of your Business Term Deposit during this time.

Important Information

Is my business eligible to apply?

Yes! As long as the account is:

• opened and operated by a business for business purposes only; and
• held by a business registered in Hong Kong, with an Hong Kong's registered address and you have provided Podenas Bank (Hong Kong) with all of the information we require to determine your Foreign Tax Residency Status and that of any Controlling Person.

The account cannot be:

• used in a personal, domestic or household capactiy, or by bare/informal trusts, public companies, unincorporated associations, or a statutory account;
• opened for a company that is unable to meet the requirements to nominate the required number of authorised users; or
• opened for a trust that requires more than four trustees to authorise an investment.