Certificate of Deposit is a stable mid to long-term investment product, which is mainly determined by fixed rates. Compared with standard time deposits, customers may enjoy a higher interest rates in CDs.. Under normal circumstances, the longer in the tenor, the better in interest rate in CDs. ICBC (Asia) has various CDs denominated in USD, HKD and CNH with different tenors for our customers to meet their specific investment appetites on currencies as well as investment tenors.
It is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.