1. This Offer is only applicable to sole or joint name customer(s) who is/are holding RMB savings account with Wing Lung Bank Limited ("the Bank").
2. The Promotional Period of this Offer is vaild from 1 July 2015 to 30 September 2015 ("Promotional Period"). (both dates inclusive)
3. During the Promotional Period, customers must fulfill the following Condition 1 OR Condition 2 and visit our branches in person to submit the application form for registration within a month, such registered RMB savings account (”Registered Account”) can enjoy “Interest Maximizer” RMB Savings Account Offer interest rate up to 1.5% p.a.. The quantity of the Offer is limited and is available on a first-come-first-served basis.
   Condition 1 :
   Customers of the Bank place RMB fixed deposits with "New Funds" at least RMB500,000 for the period of 6-month or above.
   Condition 2 :
   Wing Lung "Sunflower Service" customers deposit "New Funds" at least HKD500,000 or other equivalent currency.
4. The Offer of "Interest Maximizer" RMB savings interest rate 1.5% p.a. is the RMB annualized percentage rate, 0.5% p.a. quoted on 30 June 2015 by the Bank plus bonus savings interest ("Bonus Savings Interest") rate 1%p.a. as example and is for reference only. For the calculation method of Bonus Savings Interest, please refer to clause 6 below. The Bank may adjust the interest rates from time to time. Regarding the current applicable annualized percentage rate and Bonus Savings Interest Rate, please contact our Bank staff for enquiries.
5. "New Funds" mean (i) funds newly deposited with the Bank 3 days before opening a fixed deposits account with the Bank by cash, cheque/cashier’s order, local CHATs, Telegraphic Transfer from other banks; or (ii) the existing funds deposited with the Bank converted from other currencies to RMB for opening a fixed deposits with the Bank. The funds for renewal or rollover of existing RMB fixed deposits or the funds transfer from RMB currency accounts of the Bank will not be treated as New Funds. Regarding the definition of "New Funds", please contact our Bank staff for enquiries. The Bank shall have the final decision on the definition of "New Funds".
6. Calculation method of Bonus Savings Interest :
   • 6.1 For the customers who fulfill above conditions, the Bonus Savings Interest of the existing RMB savings account will be calculated commencing from the first day of the registered month to the end of the Promotional Period. The Bonus Savings Interest of the newly opened RMB savings account will be calculated commencing from the date of account opened and registered to the end of the Promotional Period.
   • 6.2 A "Monthly Average Account Balance" of the Registered Account will be calculated every month during the Promotional Period. By comparing the Monthly Average Account Balance and the balance of the Registered Account as at 30 June 2015, the difference as "Increment Amount" will be regarded as the principal and will be used to calculate the amount of Bonus Savings Interest of that month with the rate of 1% p.a.. "Increment Amount" means the Monthly Average Account Balance of the Registered Account minus the balance of such account as at 30 June 2015. The maximum amount of Increment Amount is limited to RMB500,000 each month. If the customer opens a new RMB savings account during the Promotional Period, the balance of the account as at 30 June 2015 will be deemed as RMB 0.00.
   • 6.3 "Monthly Average Account Balance" means the average account balance of that month by calculating the daily closing balance of the Registered Account from the 1st calendar day to the last calendar day of each month (both dates inclusive) during Promotional Period. For the new RMB savings account opened in a month during the Promotional Period, the "Monthly Average Account Balance" will be calculated commencing from the date of new RMB savings account opened and registered to the last calendar day of that month (both dates inclusive). The Bank’s relevant records of the "‘Monthly Average Account Balance" shall prevail.
     Example :
     Assuming the balance of the existing Registered Account of Customer A as at 30 June 2015 is RMB200,000, and Customer A fulfills the above conditions in July, the amount of Bonus Savings Interest of Customer A’s existing Registered Account can be calculated commencing from the first day of July, the amount is shown as follows :

     The balance of the Registered Account of Customer A as at 30 June 2015 is RMB200,000 and the Bonus Savings Interest Rate is 1%p.a.
     Month	Monthly Average Account Balance (RMB)	Increment Amount (RMB)	The amount of Bonus Savings Interest (RMB) (Increment Amount as principal)
     July 2015 (Registration Month)	¥350,000	¥150,000	¥150,000 x 1% x 31/360# = ¥129.17
     August 2015	¥500,000	¥300,000	¥300,000 x 1% x 31/360# = ¥258.33
     September 2015	¥800,000	¥600,000	¥500,000* x 1% x 30/360# =¥ 416.67
     		Total amount of Bonus Savings Interest (RMB)	¥804.17

     *Due to the Increment Amount exceeds the maximum limit of RMB 500,000, the amount of Bonus Savings Interest for September will be calculated by using the Increment Amount maximum limit RMB 500,000
     # The Bank’s credit interest for RMB will accrue on the basis of a 360 day year
     The above examples are for reference only.
      
7. This Offer is not applicable to the Bank staff.
8. Customers who do not maintain RMB savings account with the Bank must open and successfully register the RMB savings account and fulfill the above conditions for enjoying the Offer.
9. The total amount of Bonus Savings Interest will be credited to the customer’s Registered Account on or before 31 December 2015.
10. To enjoy this Offer, customer must maintain the Registered Account at the time the Bank deposits the total amount of the Bonus Savings Interest.
11. If there is any inconsistency between the English and Chinese versions of these Terms and Conditions, the Chinese version shall prevail.
12. The Bank reserves the rights to change or terminate this Offer and to amend any of the relevant Terms and Conditions without prior notice. In the event of any dispute, the decision of the Bank shall be final and conclusive.

Foreign currencies (including RMB) investments are subject to exchange rate fluctuations which may provide the risks. The fluctuation in the exchange rate of foreign currencies / RMB may result in gain or losses in the event that the customer converts the foreign currencies / RMB into HKD or other foreign currencies

According to the Personal Data (Privacy) Ordinance, you may, at any time and without charge, choose not to receive our future promotional mailings. Please let us know in writing in case of such a request to the Data Protection Officer. (Address: The Data Protection Officer, Wing Lung Bank Ltd, 45 Des Voeux Road Central, Hong Kong. Fax No.: 2782 3895).