Terms and Conditions for the “Up to 5% p.a. HKD and USD New Fund Time Deposit Interest Rate by executing Eligible Investment Transaction(s)” (this “Offer”)


Offer Eligibility

  1. The promotion period of this Offer is from 2 January 2026 to 31 March 2026, both dates inclusive (the “Promotion Period”).
  2. This Offer is only applicable to personal customers who fulfill the below requirements (“Eligible Customer(s)”):
    1. Customers holding a Prestige Private Banking or Prestige Banking Account with Hang Seng Bank Limited (the “Bank”); and
    2. Customers who have successfully executed Eligible Investment Transaction(s) (as described in Clause 3) during the Promotion Period, and placed 1-month HKD/USD new fund time deposit(s) with Eligible New Fund Balance during the TMD Placement Period (“Eligible Time Deposit”, as described in Clause 5).
  3. “Eligible Investment Transaction” refers to the subscription of investment funds distributed by the Bank via any integrated accounts through general subscription, Advanced Switching Service#, and/or Investment Financing Service (under the account number suffix of 388) (but not applicable to normal switching transaction, fund subscription through Hang Seng Monthly Investment Plan for Funds, fund subscriptions via SimplyFund Account (under the account number suffix of 384), fund units with no subscription fees, money market funds, or other funds/ fund transactions as specified by the Bank from time to time); and/or the subscription of secondary market bonds and/or Structured Products via any integrated accounts. “Structured Product” includes Structured Notes and Equity-Linked Investments (ELI) but excludes Capital Protected Investment Deposit and MaxiInterest Investment Deposit. “Eligible Investment Transaction Month” refers to the month in which any Eligible Investment Transaction takes place.

Offer Details

  1. Subject to these terms and conditions, an Eligible Customer who successfully sets up an Eligible Time Deposit on the terms set out in Clause 5 with Eligible New Fund Balance during the TMD Placement Period can enjoy the preferential interest rate at the Total Interest Rate applicable to the Eligible New Fund Balance.
  2. “Eligible Time Deposit” means a time deposit on the following terms:
    TMD Placement Period The period from (and including) the date of successful execution of Eligible Investment Transaction to the end of the next calendar month:
    Eligible Investment Transaction Month TMD Placement Period
    January 2026 From (and including) the date of successful execution of Eligible Investment Transaction to the end of February 2026
    February 2026 From (and including) the date of successful execution of Eligible Investment Transaction to the end of March 2026
    March 2026 From (and including) the date of successful execution of Eligible Investment Transaction to the end of April 2026
    TMD Placement Date The date during the TMD Placement Period on which the Eligible Customer successfully places the time deposit
    Deposit Tenor 1 month
    Deposit Currency HKD or USD
    Fund Type Eligible New Fund Balance (as described in Clause 6)
    Deposit Amount HKD time deposit: HKD10,000 or above
    USD time deposit: USD2,000 or above
    TMD Placement Channels Branch, Phone Banking or Online Banking (including Hang Seng Personal e-Banking and Hang Seng Mobile App) within transaction time as described in Clause 9
    Total Interest Rate (applicable to Eligible New Fund Balance)
    Eligible Customer Total Interest Rate
    Existing Investment Customer:
    Eligible Customer who held or subscribed for any investment funds in any Investment Fund Account under the account number suffix of 382 and/or held any Structured Products and/or secondary market bonds in any account between 1 December 2025 and 31 December 2025     		4% p.a.
    New Investment Customer:
    Eligible Customer who did not hold or subscribe for any investment funds in any Investment Fund Account under the account number suffix of 382 and did not hold any Structured Products and secondary market bonds in any account between 1 December 2025 and 31 December 2025     		5% p.a.
    Remark: The Total Interest Rate (see Clause 7 below) is quoted with reference to the prevailing 1-month HKD and USD time deposit interest rate offered by the Bank on 2 January 2026 and is for reference only. The Total Interest Rate is subject to the Bank’s revision based on the prevailing market conditions.
  3. “Eligible New Fund Balance” means, in respect of each currency (HKD / USD), the fund representing the incremental balance (if any) of that currency when comparing the latest Deposit Balance of that currency at the time of placing the Eligible Time Deposit with the Deposit Balance of that currency as of 15 calendar days ago, after deduction of the sum of any Deposit Balance of that currency which has already enjoyed any new fund offer for time deposit within the last 15 calendar days (including the Time Deposit Placement Date) (See the following example in clause 6i), provided that the Eligible New Fund Balance is subject to a minimum of HK$10,000 (applicable to HKD time deposit) or USD2,000 (applicable to USD time deposit) and a cap (“Cap”) of the “Total Eligible Investment Transaction Amount” of the respective Eligible Investment Transaction Month, and that the Eligible New Fund Balance can enjoy this Offer only if the closing Total Deposit Balance on the last calendar day of the TMD Placement Period (“Deposits Comparison Date”) is equal to or greater than the closing Total Deposit Balance on 31 December 2025.
    Eligible Investment Transaction Month Deposits Comparison Date
    January 2026 28 February 2026
    February 2026 31 March 2026
    March 2026 30 April 2026
    1. Example
      Eligible New Fund Balance
      (HKD 140,000)
      • (A) Latest deposit balance
        (HKD 170,000)
      • (B) Deposit balance of the same currency as of 15 calendar days ago
        (HKD 30,000)
      Eligible New Fund Balance
      (HKD 120,000)
      • (A-B) Incremental balance
        (HKD 140,000)
      • (C) Sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 15 calendar days (including today)
        (HKD 20,000)
      Remark: The above illustration is taking HKD as example, and the same method is also applicable to USD when calculating "Eligible New Fund Balance".
    2. “Deposit Balance” means the aggregate balance in the same currency of all Savings Accounts, Current Accounts and Time Deposits (whether in sole name or joint names) (“Eligible Deposit Accounts”).
    3. “Total Deposit Balance” means the aggregate Deposit Balance of all currencies (including HKD and non-HKD) of Eligible Deposit Accounts. The deposit balance in any non-HKD Deposit Accounts will be converted into HKD at the exchange rate solely determined by the Bank on the corresponding date for the purpose of calculating the Total Deposit Balance.
    4. “Total Eligible Investment Transaction Amount” means the aggregate transaction amount of Eligible Investment Transaction(s) executed in the respective Eligible Investment Transaction Month. For the purpose of calculating the Cap, the aggregate Total Eligible Investment Transaction Amount of any Eligible Investment Transaction with a non-HKD/non-USD trading currency will be converted into HKD/USD at the exchange rate solely determined by the Bank on 31 March 2026.
    5. The Bank reserves the right of final decision should there be any dispute in the determination of "Eligible New Fund Balance", “Deposit Balance” and “Total Deposit Balance”. The Bank reserves the right to amend any calculation method of related amount at its sole and absolute discretion.
  4. “Total Interest Rate” means the sum of “Prevailing Interest Rate” and “Bonus Interest Rate”.
    1. “Prevailing Interest Rate” refers to the Bank’s prevailing 1-month time deposit interest rate. For the latest interest rate, please enquire with the Bank’s staff at the time of transaction.
    2. “Bonus Interest Rate” means the additional interest rate over and above the Prevailing Interest Rate which together with the Prevailing Interest Rate amount to the Total Interest Rate applicable to the Eligible New Fund Balance. If the total time deposit amount of the Eligible Time Deposit exceeds the Total Eligible Investment Transaction Amount, the amount in the excess of the Total Eligible Investment Transaction Amount is eligible for the Prevailing Interest Rate only. The bonus interest derived from the Bonus Interest Rate (“Cash Reward”) is calculated as simple interest on a 360-day basis.
  5. The Cash Reward will be credited into the HKD and/or USD Savings/Current Account of the Eligible Customer on or before 30 June 2026. At the time the Cash Reward is credited, the Eligible Customer must continue to maintain a valid Prestige Private Banking/ Prestige Banking Account. Otherwise, he/she will be deemed to have forfeited the right to receive the relevant Cash Reward. The Cash Reward is calculated on a "per-Eligible Customer basis". In case the Eligible Account is a joint-named account, only the primary account holder can enjoy the offer.
  6. The time deposit transaction time for Phone Banking and Online Banking are as follows:
    1. For Phone Banking, the time deposit transaction time is Monday to Friday from 9am to 7pm and Saturday from 9am to 12:55pm; closed on Sunday and Hong Kong public holidays.
    2. For Online Banking (including Hang Seng Personal e-Banking and Hang Seng Mobile App), the transaction time is from 8am to 7:55pm, Mondays to Fridays, and, for HKD only, from 8am to 4:55pm on Saturdays. If the time deposit is placed outside the transaction time, or on any Sunday, Hong Kong public holiday, holidays of the country or region where the currency is issued, or non-clearing day due to adverse weather condition such as typhoon signal or rainstorm warning, the customer will not be able to enjoy this Offer.
  7. The processing date and time for the investment and time deposit transaction, subscription amount of investment product and the amount of Eligible New Fund Balance are subject to the records of the Bank.
  8. This Offer is not applicable to the pending or renewal of time deposit and the time deposit uplifted before maturity.
  9. Each Eligible Customer can enjoy this Offer more than once during the Promotion Period.
  10. Interest rates and exchange rates (if applicable) are subject to review according to changes in market conditions from time to time. The Bank reserves the right to change any interest rate applicable to this Offer at any time. Before making the relevant transaction, please check with our branch staff for the latest rate applicable to the transaction.
  11. Unless otherwise specified, the offer mentioned in these terms and conditions cannot be used in conjunction with other promotional offers of the same products and other savings offers of the same currency of the Bank.
  12. This Offer is not applicable to Commercial customers, Private Banking customers and any party who enjoys any special privilege offer of the Bank.
  13. No person other than the Eligible Customers and the Bank (which includes its successors and assigns) has 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.
  14. These terms and conditions are governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.
  15. These terms and conditions are subject to prevailing regulatory requirements (where applicable).
  16. The Bank reserves the right to suspend, amend or terminate this Offer and to amend these terms and conditions at any time and from time to time without prior notice. The decision of the Bank on all matters relating to this Offer is final and binding on all parties concerned.
  17. In case of any discrepancy between the English and the Chinese versions of these terms and conditions, the English version prevails.

#For details of Advanced Switching Service, please refer to Hang Seng Bank website > Investments > Fund SuperMart or contact our staff.



Illustrative Examples: Eligibility for the offer and the Cap eligible for this Offer (for reference only)

Scenario 1: Assuming that the customer has successfully executed an Eligible Investment Transaction in January 2026

Date Transaction Transaction Amount (HKD equivalent) Total Deposit Balance (HKD equivalent)
31 Dec 2025 N/A N/A $200,000
13 Jan 2026 Fund out to settle an HKD Eligible Investment Transaction -$100,000 $100,000
5 Feb 2026 Fund in HKD by cheque deposit +$100,000 $200,000
12 Feb 2026 Set up HKD Eligible Time Deposit by Eligible New Fund Balance $100,000
(Entire amount is Eligible New Fund Balance) 		$200,000
13-28 Feb 2026 No transaction N/A $200,000
Is customer eligible for this offer?
Yes, the Eligible Customer has successfully set up the Eligible TMD with Eligible New Fund Balance during TMD Placement Period and the Eligible Customer’s closing Total Deposit Balance on Deposits Comparison Date is equal to the closing Total Deposit Balance on 31 Dec 2025.
Eligible Investment Transaction Month Total Deposit Balance on 31 Dec 2025 (A) Total Deposit Balance on Deposits Comparison Date (B) Incremental Amount (B) – (A)
Jan 2026 $200,000 $200,000
(Deposits Comparison Date is 28 Feb 2026) 		$0
What is the Cap to be eligible for the time deposits offer?
Eligible Investment Transaction Month TMD Placement Period
Jan 2026 Feb 2026
Jan 2026 The Cap for this Offer from 13 Jan to 28 Feb is $100,000 (Cap on Total Eligible Investment Transaction Amount of Jan 2026)
Both of the Total Eligible Investment Transaction Amount and the total Eligible Time Deposit amount during the TMD Placement Period are $100,000, so the entire amount is eligible for this Offer.

Scenario 2: Assuming that the customer has successfully executed an Eligible Investment Transaction in January and February 2026

Date Transaction Transaction Amount (HKD equivalent) Total Deposit Balance (HKD equivalent)
31 Dec 2025 N/A N/A $200,000
13 Jan 2026 Fund out to settle an USD Eligible Investment Transaction -$100,000 $100,000
13 Feb 2026 Fund out to settle an USD Eligible Investment Transaction -$90,000 $10,000
16 Feb 2026 Fund in HKD by FPS and set up HKD Eligible Time Deposit by Eligible New Fund Balance on the same day $150,000
(Entire amount is Eligible New Fund Balance) 		$160,000
26 Feb 2026 Fund in HKD by FPS and set up HKD Eligible Time Deposit by Eligible New Fund Balance on the same day $50,000
(Entire amount is Eligible New Fund Balance) 		$210,000
13 Mar 2026 Fund in from settlement of an Investment Funds transaction +$40,000 $250,000
14-31 Mar 2026 No transaction N/A $250,000
Is customer eligible for this offer?
Yes, the Eligible Customer has successfully set up the Eligible TMD with Eligible New Fund Balance during TMD Placement Period and the Eligible Customer’s closing Total Deposit Balance on Deposits Comparison Date is greater than the closing Total Deposit Balance on 31 Dec 2025.
Eligible Investment Transaction Month Total Deposit Balance on 31 Dec 2025 (A) Total Deposit Balance on Deposits Comparison Date (B) Incremental Amount (B) – (A)
Jan 2026 $200,000 $210,000
(Deposits Comparison Date is 28 Feb 2026) 		$10,000
Feb 2026 $200,000 $250,000
(Deposits Comparison Date is 31 Mar 2026) 		$50,000
What is the Cap to be eligible for the time deposits offer?
Eligible Investment Transaction Month TMD Placement Period
Jan 2026 Feb 2026 Mar 2026
Jan 2026 The Cap for this Offer from 13 Jan to 28 Feb is $100,000 (Cap on Total Eligible Investment Transaction Amount of Jan 2026) N/A
Feb 2026 N/A The Cap for this Offer from 13 Feb to 31 Mar is $90,000 (Cap on Total Eligible Investment Transaction Amount of Feb 2026)
Total Eligible Time Deposit amount during the TMD Placement Period are $200,000 ($150,000+50,000), of which the amount eligible for this offer is 190,000 (Cap on Total Eligible Investment Transaction Amount $100,000+$90,000).

Remarks:

  1. The above illustration is taking HKD as example, and the same method is also applicable to USD when calculating the Cap for this Offer.
  2. FPS (Faster Payment System) is a real-time payment platform provided by Hong Kong Interbank Clearing Limited.

Important Risk Warnings

Risk Disclosure of Investment Funds
Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices or value of investment fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read carefully and understand the relevant offering documents of the investment funds (including the fund details and full text of the risk factors stated therein) and the Notice to Customers for Fund Investing before making any investment decision. Investment funds are investment products and some may involve derivatives. Investors should carefully consider their own circumstances whether an investment is suitable for them in view of their own investment objectives, investment experience, preferred investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment.

Risk Disclosure of Equity Linked Investments ("ELIs")
  • Equity Linked Investments ("ELIs") involve derivatives. You should not only base on this material alone to make any investment decisions. The investment decision is yours and you should not invest in ELIs unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
  • ELIs are considered as a complex product and you should exercise caution in relation to ELIs. The market value of the ELIs may fluctuate and you may sustain a total loss of their investment. You should therefore ensure that you read and understand the nature of the ELIs and the relevant offering documents of the ELIs (including the full text of the risk factors therein) and, where necessary, seek independent professional advice, before making any investment decisions.
  • Liquidity risk - ELIs are designed to be held to its maturity. You may not be able to sell your investment in the ELIs before maturity. If you try to sell the ELIs before maturity, the amount you receive may be substantially less than the investment amount.
  • Credit risk of the ELI issuer - ELIs constitute general unsecured and unsubordinated contractual obligations of the issuer. When you buy ELIs, you will be relying on the creditworthiness of the ELI issuer and of no other person. You have no rights under the terms and conditions of ELIs against any issuer of any linked stock. If the relevant ELI issuer becomes insolvent or default on its obligations under the ELIs, in the worst case scenario, you could lose substantial part or all of the capital invested. ELIs may be terminated early by the Issuer.
  • Some ELIs are partially capital protected at maturity provided that you hold the ELIs until maturity and the ELIs are not otherwise early terminated.
  • Investing in ELIs is not the same as investing in the linked reference asset(s) directly.
  • Not covered by the Investor Compensation Fund - ELIs are not traded on any markets operated by Hong Kong Exchanges and Clearing Limited or any other stock exchanges. There may not be an active or liquid secondary market.
  • The above is not an exhaustive list of risk factors. For details, please refer to the offering documents.

Risk Disclosure of Structured Notes
  • Structured notes involve derivatives. You should not only base on this material alone to make any investment decisions. The investment decision is yours and you should not invest in the product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives and you fully understand and are willing to assume the risks associated with it.
  • Structured notes are considered as a complex product and you should exercise caution in relation to Structured note. The market value of the structured notes may fluctuate and investors may sustain a total loss of their investment. You should therefore ensure that you read and understand the nature of structured notes and the relevant offering documents of the structured notes (including the full text of the risk factors therein) and, where necessary, seek independent professional advice, before making any investment decisions.
  • Credit risk of the Issuer - structured notes constitute general unsecured and unsubordinated contractual obligations of the Issuer. When you buy structured notes, you will be relying on the creditworthiness of the Issuer and of no other person. You have no rights under the terms and conditions of the structured notes against any issuer of any linked underlying(s). If the Issuer becomes insolvent or default on its obligations under the product, in the worst case scenario, you could lose substantial part or all of the capital invested. The structured notes may be terminated early by the issuer.
  • Some structured notes are 100% capital protected at maturity provided that it is not otherwise early terminated by the Issuer
  • Investing in structured notes are not the same as investing in the linked reference asset(s) directly.
  • The structured notes are not normal time deposits, and they are not protected by the Deposit Protection Scheme in Hong Kong.
  • Not covered by the Investor Compensation Fund – structured notes are not traded on any markets operated by Hong Kong Exchanges and Clearing Limited or any other stock exchanges. There may not be an active or liquid secondary market.
  • The above is not an exhaustive list of risk factors. For details, please refer to the offering documents.

Risk disclosure of Bond or Certificate of Deposit Product
  • Bonds and Certificates of Deposit (CDs) are investment products. The investment decision is yours but you should not invest in a bond/CD unless the intermediary who sells it to you has explained to you that the bond/CD is suitable to you having regard to your financial situation, investment experience and investment objectives. Your intermediary is under a duty to assure that you understand the nature and risks of this product, and that you have sufficient net worth to be able to assume the risks and bear the potential losses of trading in this product.
  • Bonds are not deposits and should not be treated as substitute for conventional time deposits.
  • Certificate of Deposit is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
  • Investors who purchase bonds/CDs are exposed to the credit risk of the issuer and guarantor (if any) of the bonds/CDs. There is no assurance of protection against a default by the issuer/guarantor in respect of the repayment obligations. In the worst case scenario, any failure by the issuer and the guarantor (if any) to perform their respective obligations under the bonds/CDs when due may result in a total loss of all of your investment.
  • Renminbi (RMB) is not a freely convertible currency. As such, investors trading bonds and/or CDs denominated in RMB are subject to additional risks (such as currency risk).
  • The above is not an exhaustive list of risk factors. Please refer to the section on “Risk Factors” in the relevant “Bond / Certificate of Deposit Trading Services” Factsheet to understand other risk factors applicable to bonds and CDs.
  • The information displayed does not constitute nor is it intended to be construed as any professional advice, offer, solicitation or recommendation to deal in Bonds / CDs. Investors should be aware that all investments involve risks (including the possibility of loss of the capital invested). The prices of Bonds and CDs may go up as well as down and past performance is not indicative of future performance. Investors should not only base on this information alone to make investment decisions, and should carefully consider whether an investment is suitable for them in view of their own investment objectives, investment experience, investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should read the relevant product offering documents and terms and conditions (including the full text of the risk factors therein) in detail before making any investment decisions. Investors should obtain independent professional advice if they have concerns about their investment.
  • No guarantee, representation, warranty or undertaking, express or implied, is made as to the fairness, accuracy, timeliness, completeness or correctness of any general financial and market information, news services and market analysis, projections and/or opinions (“Market Information”) provided above and the basis upon which any such Market Information have been made, and no liability or responsibility is accepted by the Bank in relation to the use of or reliance on any such Market Information whatsoever provided in the webinar.
  • Investors must make their own assessment of the relevance, accuracy and adequacy of the information provided and make such independent research/investigations as they may consider necessary or appropriate for the purpose of such assessment. The Bank does not make any representation or recommendation or assessment as to whether or not any of the investment(s) mentioned are suitable or applicable to any persons and thus shall not be held responsible in this regard.

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 risks. Fluctuations in the exchange rate of a foreign currency may result in gains or loss of principal in the event that the customer converts the deposits from HKD or foreign currency to another currency, and/or in the event that the customer converts a foreign currency time deposit to another currency (including HKD) upon maturity.