Turn small savings into bigger goals. With Target Time Deposit, every contribution brings you closer to your goals while helping your savings grow along the way!
🌟Why choose Target Time Deposit?
💰Start small and grow your savings steadily
🔄Contributions are automatically deducted from your Core Account on each Contribution Date based on your chosen Contribution Cycle, helping you build a steady savings habit
📈Earn competitive Preferential Interest Rate while you save, allowing your savings to grow steadily over time
📱Track your savings progress anytime via WeLab Bank App and watch your savings grow step by step
HKD Target Time Deposit Preferential Interest Rate#
Tenor | Interest rate (p.a.)* |
|---|---|
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How to set up a Target Time Deposit?
Complete in just 5 steps!
Step 1
Login to WeLab Bank App, tap "Time Deposit" from the bottom navigation
The screen displays and images on this website are for illustrative purpose only. Please refer to the information displayed in the WeLab Bank App on the transaction day.
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Note:
# In relation to a Target Time Deposit, this is the annual interest rate agreed at the time the Target Time Deposit is opened and applicable to the deposit amount, provided that the number of Missed Contribution Cycles does not exceed the Maximum Number of Missed Contribution Cycles (It will be stated on the confirmation page in the WeLab Bank App when opening the Target Time Deposit.)
• All interest rates set out above are for reference only and are not guaranteed. For the latest annual interest rates offered by Welab Bank Limited, please refer to the annual interest rate shown each time in the WeLab Bank App. The actual interest rates applicable to your Target Time Deposit may differ from the rates listed above and will be subject to the rates quoted in the App by us from time to time. We reserve the right of final decision on the actual interest rate applicable to your Target Time Deposit.
• Interest is calculated on a year basis with reference to the deposit amount and the relevant currencies.
Hong Kong Dollar (HKD): 365 days or (for a leap year) 366 days a year
• Terms and Conditions apply. For details, please check Terms and Conditions for Target Time Deposit.
• Target Time Deposit is a deposit qualified for protection under the Deposit Protection Scheme in Hong Kong.