Lump-sum term deposit refers to the service that customers set deposit term when making deposits, and deposit principals at one time, after which they can totally or partially withdraw principals and interests.
The minimum amount of a lump-sum term deposit is RMB 50, without upper limit.
The maturities ranges from six grades: 3 months, 6 months, 1 year, 2 years, 3 years and 5 years.
The customer can make total or partial withdraws ahead of the maturity day. The customer is only allowed to withdraw ahead of the maturity day for once.
If the customer withdraws money at maturity, the interest will be paid according to the lump-sum term deposit interest rate announced at the day when the deposit is made.
If the customer withdraws all of the money ahead of the maturity day, the interest will be paid according to the announced current deposit interest rates at the withdrawal day.
If the customer withdraws part of the money ahead of the maturity day, the interests of withdrawn part will be paid according to the announced current deposit interest rates at the withdrawal day.
