Personal Banking
Certificates of Deposit
Certificates of Deposit (CDs) are a fixed income investment (usually issued by authorized institutions or banks), with interest paid semi-annually, annually or at redemption.
For further information, please visit any of our branches or call our customer service hotline at (852) 2622 2633.
Important Notice:In light of the latest regulatory requirements related to Vulnerable Customer Assessment, starting from 24 May 2021 ("Effective Date"), we will update the Questionnaire on Investment Preference (QIP). As a consequence, the QIP that customers have completed and provided to us before the Effective Date will be deemed to be overdue as from the Effective Date.
Starting from the Effective Date, customers are required to complete the updated QIP for placing the subscription order of the investment products, which require a valid QIP to be in place.
<Click for more details>Current Certificates of Deposit Subscription
>> No debt securities are currently available for subscription.
The following risk disclosure statements cannot disclose all the risks involved. You should undertake your own research and study before you trade or invest. You should carefully consider whether trading or investment is suitable in light of your own financial position and investment objectives. You are advised to seek independent financial and professional advice before you trade or invest. You should seek independent professional advice if you are uncertain of or have not understood any aspect of the following risk disclosure statement or the nature and risks involved in trading or investment.
Risk of Certificates of Deposit Trading
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The price of CDs can and does fluctuate. Any individual CD’s price may appreciate or depreciate, and may even become valueless. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling CDs. This information is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.
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The investment decision is yours but you should not invest unless the intermediary who sells it to you has advised you that it is suitable for you and has explained why, including how buying it would be consistent with your investment objectives. If you are not sure of the suitability of the product, you should not subscribe to it.
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A CD is NOT equivalent to a time deposit. Do not invest in the CD unless you fully understood and are willing to assume the risks associated with it.
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A CD is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.
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Issuer’s Risk – The CD is subject to both the actual and perceived measures of credit worthiness of the issuer. There is no assurance of protection against a default by the issuer in respect of the repayment obligations.
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In the worst case scenario (e.g. upon insolvency of issuer), holders of CDs might not be able to recover the principal and coupon of the CDs.