Take advantage of high yield deposits while buying your home

How can you get a higher interest rate on your savings while buying your home? With our "Chiyu Deposit-Linked Mortgage Scheme", you are entitled to an extra deposit account with preferential interest rate, enabling you to enjoy steady wealth growth.

Higher Deposits Yield

• Upon your successful application for our "Chiyu Deposit-Linked Mortgage Scheme", you are eligible to open an extra deposit account (referred to as "the account" hereafter), combining the features of both savings and current accounts with a preferential interest rate. 

• Your mortgage account and Designated Current Account will share the same interest rate. Interest  is calculated based on your daily balance, enabling you to earn more interest income than that generated from a general HKD savings account or from fixed deposits.

Flexible Withdrawals

• To meet your financial or investment needs, you can withdraw cash from the account via ATMs or by cheques anytime you like. 

• With our "Internet Banking", "Phone Banking" or "Mobile Banking", you can easily access our round-the-clock fund transfer service which transcends any boundaries.

Waiver on Charges

Waivers on handling charge and annual fee.

Detailed Records at a Glance

Detailed records: Monthly account statements on your interest returns and in/out transactions will be provided for your easy reference.

Simple Application Step

Easy application. Simply visit any of our branches and bring along your personal identity document, the property information and your income proof to facilitate the application process.

Chiyu Deposit-Linked Mortgage Scheme Vs General Mortgage Plan

Example (For your reference only)  
Assume P=5%p.a. 
Mortgage loan amount: HKD1,000,000 
Repayment period: 20 years (240 months) 
Extra monthly deposits: HKD3,000 
(assuming that no withdrawal of extra monthly deposit is made until full repayment of the entire loan)
 

Remarks:
P is the Hong Kong Dollar Prime Lending Rate quoted by Chiyu Banking Corporation Limited from time to time.
^ The interest rates are quoted for reference only.
# Total net interest expenses = Total mortgage interest expenses – total interest income on deposit account
Mortgage Hotline: (852) 2232 3625
 

Remarks:

1. We will open the account for customers who apply for "Chiyu Deposit-Linked Mortgage Scheme", in order for them to enjoy a preferential interest rate immediately upon successful drawdown of their mortgage loan.
2. The account offers a preferential interest rate for an amount up to 50% of the total outstanding balance of the customers' mortgage loan. This upper limit will be adjusted in line with the outstanding balance of the mortgage loan. The part of deposits in excess of the upper limit can enjoy an interest rate based on the latest tiered interest rate structure for Hong Kong Dollar Savings Accounts quoted by Chiyu Bank from time to time, according to the total credit balance of the Designated Current Account.
3. The preferential interest rate on the account will be terminated in the event of loan payment default.
4. The above information is for reference only. The final terms and conditions of the mortgage loan will be subject to the Facility Letter and any relevant documents signed between us and the applicants.

Reminder: To borrow or not to borrow? Borrow only if you can repay!