Switch Time Deposits Tracks and Enjoy Global Remittances! Higher Interest, More Convenience!
Is the interest rate for HKD time deposits not high enough? Probably many people would consider switching to USD time deposits but may worry about the inconvenience of USD remittances and the high fees when transferring to other banks, which could be counterproductive.😕
🙂↔️Don't worry! WeLab Bank is now offering a 2-month high-interest USD time deposit including cash rebate equivalent to 5% annual interest rate1, in addition to a 1.5% annual interest rate2 for USD savings. Plus, there are a waiver of USD remittance transaction fees3 for global remittances!
Enjoy high interest while having zero fees—now that's a real win-win🤩. This opportunity is waiting for you; switch to high interest now!
💰Offer 1️⃣：2-month USD Time Deposit Interest Rate 5% p.a. including Cash Rebate1
📅Promotion Period: January 6, 2025 to February 9, 2025
🎁Customers who conduct Eligible USD FX Transaction and set up the designated 2-month tenor GoSave 2.0 USD Time Deposit within the promotion period will enjoy a cash rebate equivalent to an additional 1.5% p.a.1 on the time deposit capped at the amount of eligible USD FX transactions.
💰Offer 2️⃣：Global Remittance fees waiver3
📅Promotion Period: January 6, 2025 to February 28, 2025
🎁Successfully complete a Global Remit transaction within the promotion period shall be entitled to a waiver of Outward Remittance General fees of USD $3 (or HKD equivalent)3 imposed by the Bank.
🔗Check out Guide for Global Remittance here 📲.
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.
1 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. Together with the designated USD GoSave Interest Rate of annual interest rate of 3.50%, the Rate including Cash Rebate will be annual interest rate of 5.00% in total. 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.
2 The current prevailing interest rate for U.S. Dollar Core Account is 1.50%. It 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.
3 During the Promotion Period, successfully complete a Global Remit transaction shall be entitled to a waiver of Outward Remittance General fees of USD $ 3 (or HKD equivalent) imposed by the Bank. Please refer to the actual fee quote displayed on the transaction page for the applicable fee of your transaction. For the avoidance of doubt, the Fee Waiver does not apply to Global Remit transactions in which you choose the handling fee option of “You will pay all handling fees”. For the avoidance of doubt, the Waiver only applies to Outward Remittance General fees which are charged by the Bank for a Global Remit transaction. At all times, the Bank shall not be responsible for any charges and expenses levied by the beneficiary bank and any intermediary bank in connection with the Global Remit transaction.
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.