If your company or organization has a large amount of frequently idle funds, you may set up a corporate term deposit account with the agreed term and interest rate in our bank and withdraw the deposit upon maturity to get a higher interest income.?

Any business, non-profit, government agency, military unit, association or proprietor within the PRC that meets the requirements of PBC regulations may open a term deposit account at a JNB branch.

There are 6 terms for the corporate term deposits, three months, six months, one year, two years, three years and five years. The interest rate for corporate term deposits is paid at the rate published on the date of interest settlement and the rate for the deposits remains the same even if a new rate is published subsequently. A minimum of RMB 10,000 is required, and there is no upper limit. You may negotiate with the bank whether to automatically renew the deposits upon maturity. If there is no such negotiation, the bank will deem that the depositor agree to renew the deposits automatically.

JNB branch will issue your company or organization a JNB Corporate Term Deposit Account Confirmation when you apply for this service. The Confirmation only serves to confirm that the depositor has opened an account; it may not be used as collateral.

When you withdraw the term deposits, you may only transfer them into your basic deposit account. You may not use the term deposits for settlement or withdraw cash from the term deposit account. Your company may withdraw one part or the whole of the term deposits before expiration as a lump sum for only once. The interest rate for demand deposits will be applied for the amount of deposits withdrawn before maturity.