Mox Launches Time Deposits for Customers to Save With Flexibility and Guaranteed Returns
New customers can enjoy a limited-time offer with up to 10% p.a. deposit rate on their Time Deposit
Hong Kong, 7 February 2023 - Mox Bank Limited (“Mox”) is helping customers to reach their savings goals faster with our new Time Deposits¹ and the Welcome Time Deposit Promotion².
Enjoy zero early withdrawal fees with Mox Time Deposits
Mox customers have maximum flexibility when placing Hong Kong Dollar Time Deposits. Based on their needs and goals and with just a few clicks on their Mox App, they can place a Time Deposit with as little as HKD1, 24/7, including weekends and public holidays. In case customers need to withdraw their funds before the maturity date, they will not be charged any early withdrawal fee³. It gives customers better control over their liquidity and addresses unplanned financial emergencies easily.
Barbaros Uygun, CEO of Mox, said, “The new service builds on Mox's attractive deposit rate and mission to help customers grow their money flexibly and conveniently. It results from listening to our customers closely and understanding their immediate needs. The preferential rates will allow our customers to earn from their deposits and improve their financial resilience.”
Time Deposit helps customers grow their savings faster by taking advantage of preferential interest rates, as shown below:
| Time Deposit Tenor | Interest Rates (as of 6 February 2023) |
|---|---|
| 1-month | 0.3% p.a. |
| 3-month | 2.5% p.a. |
| 6-month | 3.4% p.a. |
| 12-month | 3.9% p.a. |
Customers can maintain up to five Time Deposits at the same time.
Join Mox to enjoy a limited-time exclusive 10% p.a. Time Deposit rate
From 6 to 28 February 2023, new customers who open a Mox Account with the invitation code “MOXSAVE”² and set up a 1-month HKD Time Deposit within seven days upon account opening can enjoy an additional 9.7% p.a. time deposit rate on up to HKD50,000. With the 1-month time deposit base rate of 0.3% p.a., new customers can enjoy 10% p.a. on their related Time Deposits.
¹Time Deposit Accounts Terms and Conditions apply.
²Welcome Time Deposit (February 2023) Terms and Conditions apply.
³If any part of these Time Deposits are withdrawn before their maturity date, no interest will be paid on any part of these deposits in the Time Deposit Account.