Bankee launches "first talk about interest" foreign currency fixed deposit with no discount for early termination of contracts

        When targeting customers and considering deposit products, they often face difficulties in choosing between fixed deposit and live deposit due to factors such as "elasticity," "interest rate," and "acceptance threshold." Far Eastern International Bank Bankee's community bank has launched the first "first to talk about interest" foreign currency fixed deposit project in Taiwan, breaking the boundaries between traditional fixed deposit and live deposit. At the same time, it has three major characteristics: high interest rate, high elasticity, and low threshold, allowing customers to choose a product and enjoy the advantages of both. The minimum amount required for a single fixed deposit is only equivalent to USD 100, and you can choose to receive interest once a month or once due. If you need to terminate the contract, you can make an appointment on the Bankee App 15 days in advance (limited to foreign currency fixed deposits that have been deposited for one month on the day of termination), and still enjoy the interest rate of the Bankee foreign currency "fixed deposit" on the day of deposit, with no discount on interest.

        The Far Eastern International Bank Bankee community bank's "Speak Interest First" foreign currency fixed deposit project presents three major innovations to meet customer needs:

        Innovation 1: Breaking through fixed deposit interest rates and daily limit, early termination of contracts can still enjoy high profits

        Some people are unwilling to bind their funds to a one-year term, but the interest rates for short-term fixed deposits such as three or six months are not as expected. Although there have been short-term high interest rate fixed deposit plans in the past, due to activity regulations, customers need to immediately inject new funds for exchange, which may result in "earning interest but losing exchange differences". The Foreign Currency Time Deposit Project can be terminated at the discretion of customers. For example, in the case of US dollars, as long as customers make an appointment to terminate the contract 15 days in advance, they can still enjoy a high one-year US dollar (foreign currency) time deposit interest rate of up to 3.85%.

        Innovation 2: Breaking through the tradition of early termination and discount of fixed deposits, while also having high flexibility in live deposits

        When customers choose fixed deposit products but urgently need money during the period and have to terminate the contract, they will face a discount on interest. The Foreign Currency Fixed Deposit Project of "First Speaking of Interest" allows customers to make an appointment to terminate their contract on the Bankee App 15 days in advance, allowing for flexible use of funds without any discount on interest.

        Innovation 3: Breaking through the high threshold limit of fixed deposit, with a minimum deposit of USD100

        Generally, there is a minimum deposit threshold of USD 1000 or more for foreign currency fixed deposits. For young people who have just started financial management or are new to foreign currency investment, they may not be able to start due to limited funds. The Foreign Currency Fixed Deposit Project of "First Speaking of Interest" provides an ultra-low commitment threshold, starting from the equivalent amount of USD 100, encouraging customers to take the first step.

        In addition, the "Advance Payment" foreign currency fixed deposit project has two modes: "Appointment Termination" and "Immediate Termination". If customers choose "Appointment Termination", they can pre-set the termination of a fixed deposit that has been deposited for a full month after 15 days. The termination interest is calculated on a full month basis based on the Bankee's published foreign currency "fixed deposit" interest rate on the day of deposit (issuance date), and for less than a month, interest is calculated on a daily basis. If you choose "immediate termination", the termination date will be set as the day of completion. If the fixed-term deposit is less than one month old on the termination date, no interest will be paid; If a fixed-term deposit has been outstanding for one month and the contract is terminated immediately, the interest rate for "current deposits" shall be calculated on a full month basis based on the Bankee's announcement on the day of deposit (issuance date), and for any portion less than one month, interest shall be calculated on a daily basis.

        Users can apply for the Far Eastern International Bank Bankee community bank's "First Speak Interest" foreign currency fixed deposit project on the Bankee App. The deposit term is fixed at one year (with simple interest), and 12 foreign currency currencies are available for customers to choose from. The actual foreign currency types are mainly announced on the Bankee official website (www.bankee. com. tw). For more information, please refer to: https://bankee.pse.is/5v34dc

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