Saving Rate

Investors should note that investment involves risks. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. Investors should not only base on this material alone to make any investment decision, but should read in detail the relevant risk disclosure statements.

Terms and Conditions for the Extra 3% p.a. HKD and USD Preferential Savings Rate offer in relation to BUY trades of eligible Exchange Traded Fund(s) (“ETF(s)”)

The promotion period of this offer is from 17 March 2025 to 30 June 2025 (“Promotion Period”).
This offer is only applicable to customers who fulfill the below requirements (“Eligible Customer(s)”):
1. Securities customers of Hang Seng Bank Limited (the “Bank”) who have successfully executed buy transactions of eligible ETFs via any securities trading channels of the Bank during the Promotion Period (“Eligible Securities Buy Transaction(s)”). Eligible ETFs refer to all ETFs listed and traded on The Stock Exchange of Hong Kong Limited (“SEHK”) during the Promotion Period and with trading currency being HKD, USD or Renminbi, excluding all leverage & inverse products (i.e. those with relevant stock codes for Leverage and Inverse Products allocated for listing on the SEHK), and ETFs not settled by Hong Kong dollar/Renminbi/US dollar. “Eligible Securities Buy Transactions” exclude purchase transactions of Hang Seng Monthly Investment Plans for Stocks and share subscriptions of Initial Public Offering (IPO); and
2. For securities customers who are eligible for SimplyStock and in each month during the Promotion Period where the monthly fee of HKD30 under SimplyStock applies (covering trades up to HKD300,000), Eligible Securities Buy Transaction(s) for this offer does not include buy transactions of eligible ETFs which are covered by the said monthly fee; and
3. For buy transaction(s) of eligible ETFs during the Promotion Period in which there is no actual brokerage fee paid (including but not limited to transactions with no brokerage fee paid after enjoying the relevant securities offers e.g. after using a brokerage fee coupon under the Scratch Reward campaign) , such transaction(s) will not be counted as Eligible Securities Buy Transaction(s) under this offer. The actual brokerage fee paid excludes any custody fee, securities deposit charges, nominee services fee and any third party transaction charges such as transaction levy, stamp duty and trading fee, etc.

According to the below Schedule, Eligible Customer with “Eligible Incremental Balance” of minimum HKD5,000 equivalent under his/her “Eligible Deposit Account(s)” can be entitled to extra 3% p.a. HKD and USD savings rates in the corresponding “Designated Deposits Growth Period” for the “Eligible Incremental Balance”.

Schedule

Eligible Securities Buy Transaction(s) Period	Designated Deposits Growth Period (A)	Net Eligible ETF Transaction Amount Calculation Period (B)	Designated Deposits Comparison Date (C)	Date of Cash Reward
17 - 31 March 2025	April 2025	17 March to 30 April 2025	28 February 2025	On or before 30 September 2025
1 - 30 April 2025	May 2025	1 April to 31 May 2025	31 March 2025
1 - 31 May 2025	June 2025	1 May to 30 June 2025	30 April 2025
1 - 30 June 2025	July 2025	1 June to 31 July 2025	31 May 2025

“Eligible Deposit Account(s)” refers to the savings account(s) and current account(s) of HKD and USD in Eligible Customers' sole name or in the capacity as the primary account holder in the case of a joint account. For the avoidance of doubt, time deposit accounts are excluded from the Eligible Deposit Accounts.
The extra interest (“Cash Reward”) is calculated as simple interest on a 365-day basis, based on the Eligible Incremental Balance of Eligible Customers. For the Eligible Incremental Balance in USD, it will be converted into its HKD equivalent amount for the extra interest payout based on the exchange rate solely determined by the Bank on 31 July 2025.
The Bank reserves the right to suspend, amend or terminate this offer at any time at the Bank's sole discretion.

In respect of a Designated Deposits Growth Period (A), the “Eligible Incremental Balance” is calculated based on this formula:
Deposit daily average balance of all Eligible Deposit Account(s) in the “Designated Deposits Growth Period” (A) plus the Net Eligible ETF Transaction Amount during the corresponding Net Eligible ETF Transaction Amount Calculation Period (B), minus the Deposit balance of all Eligible Deposit Account(s) as of the “Designated Deposits Comparison Date” (C).
The amount of Eligible Incremental Balance which can enjoy the extra 3% p.a. preferential savings rate is capped at the aggregate transaction amount of Eligible Securities Buy Transaction(s) of the relevant period.

In respect of the “Net Eligible ETF Transaction Amount” in a “Net Eligible ETF Transaction Amount Calculation Period” (B), it is calculated based on this formula:
Total transaction amount of Eligible Securities Buy Transactions during Net Eligible ETF Transaction Amount Calculation Period minus Total transaction amount of sell transactions of eligible ETFs during the “Net Eligible ETF Transaction Amount Calculation Period” (B) .
If the amount of such buy transactions exceeds the amount of such sell transactions, the Net Eligible ETF Transaction Amount will be a positive figure; it will be a negative figure if otherwise.
For Eligible Securities Buy Transaction(s) and sell transaction(s) on eligible ETF with trading currency being USD or Renminbi, the transaction amount will be converted to HKD at the exchange rate solely determined by the Bank on 31 July 2025 for calculating the transaction amount under this offer.
If the customer got a negative balance or did not hold any Eligible Deposit Account on the Designated Deposits Comparison Date, it will be treated as zero in the Eligible Incremental Balance calculation.
In the case of any funds transfer made after 9pm on Mondays to Fridays or 6pm on Saturdays, and cheques deposited after the cut-off time of the Bank, the deposit balance change will be effective on the next working day. All the related account deposit balances shall be based on the records of the Bank.
The Eligible Incremental Balance in excess of the cap is not eligible to this offer. The prevailing Savings Rate will apply to any deposits in the excess of the cap (Prevailing Savings Rate is only applicable to HKD/USD savings accounts).

Illustrative examples of the Eligible Incremental Balance calculation (for reference only)

Scenario 1: Assuming that the customer has successfully executed an Eligible Securities Buy Transaction in March 2025, deposited new fund in the same month and maintained the fund during the Designated Deposits Growth Period:

Date	Transaction	Transaction Amount in HKD equivalent	Deposit Balance in HKD equivalent
28 Feb 2025	N/A	N/A	$100,000
20 Mar 2025	Fund out to settle an eligible ETF buy transaction	-$50,000	$50,000
25 Mar 2025	Fund in by cheque deposit	+$50,000	$100,000
26 Mar - 30 Apr 2025	No Transaction	N/A	$100,000
Deposit Daily Average Balance in Apr: ($100,000 x 30 days / 30 days) = $100,000
Eligible Incremental Balance of Apr (Cap being Eligible Securities Buy Transaction amount in Mar): = (Deposit daily average balance in Apr + Net Eligible ETF Transaction Amount in Mar and Apr) - Deposit balance as of 28 Feb = ($100,000 + $50,000) - $100,000 = $50,000

Scenario 2: Assuming that the customer has successfully executed Eligible Securities Buy Transaction in March 2025 and deposited new fund in April 2025:

Date	Transaction	Transaction Amount in HKD equivalent	Deposit Balance in HKD equivalent
28 Feb 2025	N/A	N/A	$100,000
20 Mar 2025	Fund out to settle an eligible ETF buy transaction	-$50,000	$50,000
8 Apr 2025	Fund in by cheque deposit	+$150,000	$200,000
15 Apr 2025	Fund out to settle an eligible ETF buy transaction	-$50,000	$150,000
22 Apr 2025	Fund in from settlement of an eligible ETF sell transaction	+$30,000	$180,000
Deposit Daily Average Balance in Apr: (Refer below image for calculation details) = $147,333
Eligible Incremental Balance of Apr (Cap being Eligible Securities Buy Transaction amount in Mar): = (Deposit daily average balance in Apr + Net Eligible ETF Transaction Amount in Mar and Apr) - Deposit balance as of 28 Feb = ($147,333 + ($50,000 + $50,000 - $30,000)) - $100,000 = $117,333 Note: The amount in which this offer can be enjoyed is $50,000 as it is subject to a cap which is the Eligible Securities Buy Transaction amount in Mar

The Cash Reward will be credited into the Eligible Deposit Account of the Eligible Customer on or before 30 September 2025. At the time the Cash Reward is credited, the Eligible Customer must continue to maintain the relevant securities account and Eligible Deposit Account. Otherwise, he/she will be deemed to have forfeited the right to receive the relevant Cash Reward.
Unless otherwise specified, the offer mentioned in these Terms and Conditions cannot be used in conjunction with other securities service offers and other savings offers of the same currency of the Bank.
In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.
This offer is not applicable to Commercial customers, Private Banking customers, staff of the Bank and any party who enjoys special privileges and offers.
No person other than the relevant securities customers and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these Terms and Conditions.
These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
These Terms and Conditions are subject to prevailing regulatory requirements (where applicable).
The Bank reserves the right to suspend, amend or terminate this offer and to amend these Terms and Conditions at any time without prior notice. The decision of the Bank on all matters relating to this offer shall be final and binding on all parties concerned.

Important Risk Warnings

Risk Disclosure of Exchange Traded Fund ("ETF") investment

Investors should note that ETF is different from a typical unit trust and many factors will affect its performance. In general, the market price per ETF unit may be significantly higher or lower than its net asset value per unit due to market demand and supply, liquidity, and scale of trading spread in the secondary market and will fluctuate during the trading day. ETF is different from stocks, investors should read the offering documents of the relevant ETF and understand the features and risks of ETF etc.

RMB Currency Risk

Renminbi ("RMB") is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses in the event that the customer subsequently converts RMB into another currency (including Hong Kong Dollars). Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. RMB is currently not freely convertible and conversion of RMB may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.

Foreign Exchange Risk

Foreign Exchange involves Exchange Rate Risk. Fluctuations in the exchange rate of a foreign currency may result in gains or losses in the event that the customer converts HKD to foreign currency or vice versa.