USD Deposit Account Offer
After the United States cut interest rates, major banks have also cut interest rates on fixed deposits. Is there any chance for us to uplift our interest rate? 💵
In fact, in addition to making HKD fixed deposits, we can convert HKD to USD and putting it in WeLab Bank to earn interest🌟! WeLab Bank has launched a new USD account. Apart from helping everyone to take good care of the US dollars on hand, foreign exchange services, current and time deposit offers are also available! Switch your savings tracks to earn extra interest by simply converting HKD to USD and setting up USD fixed deposits🏃➡️! Let's take a look at the preferential offers🤤.
📅Promotion Period:
October 21, 2024 to December 31, 2024
💡How to Participate:
Both new and existing customers will automatically hold a USD account. For any successful foreign exchange transactions conducted from HKD to USD through the WeLab Bank app during the Promotion Period, customers are eligible to enjoy the following double USD savings and time deposit offers*:
💰Offer 1️⃣： USD Savings 3% p.a.1
During the Promotion Period, customers who conduct Eligible USD FX Transaction converting HKD to USD, the USD Account will enjoy an annual interest rate of 3% p.a.1 on U.S. dollar Deposit Balance capped at the amount of eligible USD FX transactions.
💰Offer 2️⃣：2-month USD Time Deposit Interest Rate 5% p.a. including Cash Rebate 2
During the Promotion Period, customers who conduct Eligible USD FX Transaction and set up the designated 2-month tenor GoSave 2.0 USD Time Deposit will enjoy a cash rebate equivalent to an additional 1.5% p.a.2 on the time deposit capped at the amount of eligible USD FX transactions.
How to conduct USD FX Transactions?
Simply follow the steps below:
Log in WeLab Bank App, go to “Transfer” and enter “Foreign exchange”
Convert HKD from your HKD Core Account with real time FX rates to USD, the converted USD will be funded into your USD Account.
How to set up USD GoSave2.0 Time Deposit?
Simply follow the steps below:
Log in WeLab Bank App, go to “Time Deposit” and select “USD Time Deposit”
Exchange foreign currency to your WeLab Bank USD account now and earn high interest on USD deposits with ease!
Terms and Conditions
* Terms and conditions apply, please click here for promotion details.
# Our current prevailing interest rate is for reference only and is subject to change from time to time and at the Bank’s sole and absolute discretion. The latest prevailing interest rate for your Core Account can be obtained from our website or WeLab Bank app.
1 USD Core Account will enjoy an additional annual interest rate of 1.5% during the Promotion Period, the USD deposit balance eligible for such additional annual interest rate is capped at the amount of eligible USD FX transactions. For the avoidance of doubt, any foreign exchange transactions from USD to HKD will not be counted. The Total Entitled Annual Interest Rate of 3.00% will include Current Prevailing Interest Rate of your USD Core Account. The amount eligible for such additional annual interest rate during the promotion period is capped at the amount of eligible USD FX transactions, the remaining foreign deposits are not entitled to the extra interest rate. Terms and conditions apply.
2 Setting up a designated 2-month USD GoSave 2.0 Time Deposit during the Promotion Period will enjoy a cash rebate equivalent to an additional annual interest rate of 1.5%, the amount eligible for such additional annual interest rate is capped at the amount of eligible USD FX transactions. The minimum amount for setting up a USD Time Deposit is 10 USD. The applicable tenor of each GoSave 2.0 Time Deposit and interest rate shall be in accordance with the Tenor shown in our App at the time each GoSave 2.0 Time Deposit is made available. Terms and conditions apply.
Disclaimers
Foreign exchange markets are subject to unpredictable fluctuations. If you choose to convert your HKD or foreign currency deposit to other currencies, such foreign exchange transactions will be subject to risk arising from exchange rates fluctuation. As a result, you may suffer losses. The information above is not and does not constitute or form part of any offer, recommendation, invitation or solicitation to subscribe to or to enter into any transaction.