From 29 September 2021 to 31 December 2021, customers who deposit New Fund* in their Savings Account can enjoy 1%p.a. Savings Interest Rate which includes both Basic Interest and Bonus Interest.
What’s more! Customers can enjoy an array of benefits through PAOB SME banking experiences with ease:
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1st Virtual Bank Serving SME in HK |
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No Minimum Deposit Balance Requirement |
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24 x 7 Hassle-free Deposit and Transfer |
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Under Deposit Protection Scheme (up to HK$500,000) |
For the details of definition, please click here:
- For existing customers who have opened an Account on or before 31 Aug 2021, New Fund refers to the incremental balance between the latest deposit balance and customers’ day-end balance as of 31 Aug 2021.
- For customers who have opened an Account after 31 Aug 2021, New fund refers to customers’ deposit balance in the Account.
- New Fund amount is capped at HK$1,000,000.
- Bonus Interest Rate will be offered based on daily New Fund balance during the offer period.
- Bonus interest will be calculated on a 365-day basis and credited to customers’ savings account on monthly basis.
Example 1
Customer’s day-end balance on 31 August 2021: HK$10,000
Customer’s day-end balance on 29 September 2021: HK$610,000
New Fund Amount: HK$600,000
| Total Deposit Balance (HK$) |
Daily Interest Amount (HK$) |
|---|---|
| First $500,000 | Old Fund: $10,000*0.6%/365 = $0.16 New Fund: $490,000*(0.6%+0.4%)/365 = $13.42 |
| Above $500,000 | Old Fund: 0 New Fund: $110,000*(0.01%+0.99%)/365 = $3.01 |
Example 2
Customer’s day-end balance on 31 August 2021: HK$800,000
Customer’s day-end balance on 29 September 2021: HK$2,000,000
New Fund Amount: HK$1,200,000
| Total Deposit Balance (HK$) |
Daily Interest Amount (HK$) |
|---|---|
| First $500,000 | Old Fund: $500,000*0.6%/365 = $8.22 New Fund: 0 |
| Above $500,000 | Old Fund: $300,000*0.01%/365 = $0.08 New Fund: $1,000,000*(0.01%+0.99%)/365 +$200,000*0.01%/365
= $27.45 |
Terms & Conditions apply.
For enquiries, please contact PAOB customer service hotline at 3762 9900.
