Shanghai Pudong Development Bank-RMB Negotiation Deposit

HomePage > Corporate Banking > Corporate Deposit >

RMB Negotiation Deposit

RMB Negotiation Deposit is the kind of deposit on the tenor of which your company negotiates with our bank within the range stipulated by People’s Bank of China and confirms by signing the deposit contract.
This kind of deposit is oriented for institutional clients with high cash flow and frequent fund settlement. The daily account balance above the minimum balance requirement will be calculated with negotiation deposit interest rate. Therefore, negotiation deposit bears both the convenience of normal current account and improved interest yield.

Tenor

One year in maximum. Your company could determine a deposit tenor with our bank within this time limit.

Minimum balance

Your company could negotiate with our bank on the minimum balance on the basis of the minimum amount required by the local office People’s Bank of China. For Shanghai region, the minimum amount is RMB500,000.

Interest Rate

The interest will be paid quarterly. Within the interest calculation tenor，the end-of-day balance in the Negotiation Deposit account below the minimum balance requirement will be calculated at the current account deposit rate stipulated by the People’s Bank of China, while the balance above the minimum balance requirement will be calculated at the Negotiation Deposit interest rate.

TOP