No, you will need to apply for a Time Deposit account before making a Hong Kong Dollar Time Deposit.
HONG KONG DOLLAR TIME DEPOSIT
Earn higher returns with your spare cash
SMART WAYS FOR SMES TO MANAGE SPARE CASH EFFECTIVELY
Unlock higher returns on your spare cash while you focus on running your business. Choose a tenor that suits your cash flow needs and let your money steadily works for you.
Low initial deposit
Place a Hong Kong Dollar Time Deposit with as low as HKD50,000
Place a Hong Kong Dollar Time Deposit with as low as HKD50,000
Flexible investment period
Choose tenors that range from 1 to 12 months
Choose tenors that range from 1 to 12 months
Automatic renewal
Earned interest can be credited to your Business Account or combined with the principal for automatic renewal upon maturity
Earned interest can be credited to your Business Account or combined with the principal for automatic renewal upon maturity
BEFORE YOU APPLY
Eligibility requirements
Type of business
All businesses with HKD Time Deposit Accounts
Minimum deposit amount
HKD50,000
Fees and charges
Amount
Premature withdrawal fees are applicable for withdrawals made before maturity.
We offer a wide range of tenors to fit your needs.
We offer a wide range of tenors to fit your needs.
READY TO PLACE A TIME DEPOSIT?
Place your Hong Kong Dollar Time Deposits via OCBC Velocity*
* Eligible for customers with an OCBC Velocity Standard Package only. Click here for more information. If you have another OCBC Velocity package, please contact your Relationship Manager or call (852) 2815 9919.
DO NOT HAVE A TIME DEPOSIT ACCOUNT YET?
Have us contact you. If you have existing business accounts with OCBC, please place your order via OCBC Velocity.
FAQs
Frequently Asked Questions
Can I place a Hong Kong Dollar Time Deposit without opening a Time Deposit account?
Why am I unable to find the Time Deposit service on OCBC Velocity?
If you do not have an OCBC Velocity Standard Package you cannot place Time Deposit transactions via OCBC Velocity. Please call (852) 2815 9919 for further assistance.
If my Time Deposit has matured, when will I receive the principal and interest?
The principal and/or interest on your Time Deposit will be credited to your designated account on the maturity date.
How can I place a Time Deposit via OCBC Velocity?
To be eligible, you must have an OCBC Velocity Standard Package.
Once you log into OCBC Velocity on your computer, follow this step-by-step guide to place your Time Deposit.
I have opened a Time Deposit account, but why am I unable to view it in OCBC Velocity?
You must first link your Time Deposit account to OCBC Velocity to be able to view it.
Download the “Apply and Manage OCBC Velocity” form and complete it by following the steps below:
- Select “Manage OCBC Velocity”
- Select “Update Accounts in OCBC Velocity”
- Enter your account details
- Select your company’s current OCBC Velocity setup
- Select “Add account to OCBC Velocity”
- Select “All accounts in OCBC Velocity” if you would like to link all your Business Accounts to OCBC Velocity. Or select “specific accounts” if you would like to link selected business accounts only.
Sign, complete the form and return it to us at your nearest branch.
IMPORTANT NOTICES
Deposit Protection Scheme (DPS)
All deposits denominated in Hong Kong Dollars, Renminbi or other currencies held with the Hong Kong Offices of OCBC Bank (Hong Kong) Limited are protected.
The maximum protection is up to HKD800,000, per depositor per Scheme member, including both principal and interest.