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Multi-Currency Deposit Accounts

 

NAB’s announcement on Private wealth in Singapore & Hong Kong

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Multi-Currency Savings Deposits

Benefits

  • Savings deposit accounts are interest-bearing1
  • You will receive account statements on a regular basis
  • Enjoy the convenience of being able to credit funds received from other sources into your account

Minimum Deposits

  • Foreign currencies: Minimum initial deposit in a single currency of USD5,000 or equivalent
  • Renminbi: Minimum deposit amount of RMB20,000
  • Hong Kong dollar: Minimum initial deposit amount of HKD 25,000

Currencies available2

Hong Kong Dollar (HKD), Singapore Dollar (SGD), US Dollar (USD), Australian Dollar (AUD), New Zealand (NZD), Great British Pound (GBP), Canadian Dollar (CAD), Japanese Yen (JPY), Swiss Franc (CHF), EURO (EUR), Renminbi (RMB) 3

 

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Terms and Conditions for Deposit Accounts
General Information for Deposit Accounts

 

Notes:

1 The Bank reserves the right not to pay you interest if the balance in your Savings Deposit Account falls below USD 5,000 or equivalent at any time.

2 The currencies we accept and minimum deposit requirement may change from time to time at the Bank’s discretion.

3 For the holders of Hong Kong Identity Card, the aggregate amount remitted per person per day from Hong Kong to the Mainland China should not exceed RMB 80,000 or equivalent and the account name of the beneficiary shall be identical to that of the remitter.

 

Important information:

1. Earnings on foreign currency deposits are dependent on foreign exchange rates prevailing at the time of maturity of the deposit. Adverse exchange rate movements may erase interest earnings completely or cause loss of principal relative to your home currency.

2. No transaction can be made on Saturdays and Public Holidays of the particular currency’s country of origin. Same day value cut-off times:

  • AUD before 11.00 a.m;
  • HKD, CAD, USD, GBP, EUR, RMB before 3.00 p.m., and
  • All other currencies the following business day.

 

Multi-Currency Term Deposit

Benefits

  • Enjoy financial certainty by locking in a known interest rate for a fixed period
  • Flexible deposit terms ranging from 7 days to 5 years to suit your needs
  • Flexibility of having the interest earned paid directly into other accounts
  • You can use your Term Deposit as security for a cash-backed loan1

Minimum Deposit

  • Foreign currencies: Minimum initial deposit amount of USD 20,000 or equivalent
  • Renminbi: Minimum deposit amount of RMB 200,000
  • Hong Kong dollar: Minimum initial deposit amount of HKD 100,000

Currencies available2

Hong Kong Dollar (HKD), Singapore Dollar (SGD), US Dollar (USD), Australian Dollar (AUD), New Zealand (NZD), Great British Pound (GBP), Canadian Dollar (CAD), Japanese Yen (JPY), Swiss Franc (CHF), EURO (EUR), Renminbi (RMB) 2
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Click to View:

Terms and Conditions for Deposit Accounts
General Information for Deposit Accounts

 

Notes:

1 The currencies we accept and minimum deposit requirement may change from time to time at the Bank's discretion.

For the holders of Hong Kong Identity Card, the aggregate amount remitted per person per day from Hong Kong to the Mainland China should not exceed RMB 80,000 or equivalent and the account name of the beneficiary shall be identical to that of the remitter.

 

Important information:

1. Earnings on foreign currency deposits are dependent on foreign exchange rates prevailing at the time of maturity of the deposit. Adverse exchange rate movements may erase interest earnings completely or cause loss of principal relative to your home currency.

2. No transaction can be made on Saturdays and Public Holidays of the particular currency's country of origin. Same day value cut-off times:

  • AUD before 11.00 a.m;
  • HKD, CAD, USD, GBP, EUR, RMB before 3.00 p.m., and
  • All other currencies the following business day.

3. We may set daily time limits by which we must receive your withdrawal instructions otherwise we will not process them until the next banking day. The current daily time limit is 9.30 am on a banking day for all deposit accounts.

Deposit rates

The following table shows our Multi-Currency Term Deposit board rates. These rates are for information purposes only and are subject to change without prior notice.Other terms and currencies available on request, please contact us for full details, including terms and conditions.

INDICATIVE RATES AS AT 16 August 2017 

Currency 1 week 1 month 3 months 6 months 12 months
AUD 0.4 0.95 1.2 1.2 0
NZD 0.4 0.95 1.2 1.2 0
USD 0.1 0.2 0.3 0.3 0
HKD 0 0 0.05 0.05 0
RMB 0.1 0.45 0.7 0.75 0
GBP 0
0 0 0 0
CAD 0 0 0 0 0
EUR 0 0 0 0 0
Deposit Rate (%p.a.)

Contact us

727898_NSA0239_Hong_Kong_Pacific_Place_Branch_Map_RGB_FA

Pacific Place Branch

Level 27, One Pacific Place
88 Queensway
Hong Kong

Tel: +852 2826 8111
Fax: +852 2845 9251
nabhk_enquiry@nabasia.com

Service Hours: 9:00 a.m. – 6:00 p.m. (Monday to Friday)

727907_NSA0240_Hong_Kong_Hysan_Place_Branch_Map_RGB_FA


Hysan Place Branch

For NAB Private Wealth Customers

32/F, Hysan Place
500 Hennessy Road,
Causeway Bay
Hong Kong

Tel: +852 2822 5342
Fax: +852 2822 9704 / 9706
nabhk_enquiry@nabasia.com

Service Hours: 9:00 a.m. – 6:00 p.m. (Monday to Friday)