Manage Your Time Deposit | Time Deposit Maturity

HSBC HK
Accounts
Time Deposits
Manage your time deposit

Place maturity instruction for your time deposit

You can place this instruction at the time of deposit placement and change it one working day before the maturity date.

Change the maturity instruction for your time deposit[@allvert-screenshotmobilex]

You can change the maturity instruction for your time deposit on the HSBC HK App before the maturity date in just a few steps, including setting it to automatically renew.

Please note that if you choose automatic renewal, we'll keep renewing your deposit until you instruct otherwise. The interest rate will be the prevailing standard interest rate on the date of renewal.

If you do not choose automatic renewal, we'll credit your principal amount and interest to your designated deposit account on the maturity date.

Step 1

Log on to HSBC HK App and select 'Time Deposit' under 'Your accounts'

Step 2

Select the correct 'Time Deposit' under the 'Existing' tab for changing maturity instruction and select 'Change maturity instruction'.

Step 3

Turn on or off the 'Auto-renew time deposit' as needed and select the required changes. For instance, renewal amount, renewal period, designated account to receive principal/interest and/or pay additional principal amount at renewal.

Select 'Continue' to proceed.

Step 4

Review the deposit details and select 'Confirm and save' to complete.

Note: A confirmation page with message 'Changes saved' will be displayed to confirm the successful change.

Frequently asked questions

After you confirm to automatically renew your time deposit, we will keep renewing your deposit until you instruct otherwise. The interest rate will be the prevailing standard interest rate on the date of renewal. If a promotional rate was applied to your initial deposit, that interest rate will not apply anymore. You can review the deposit details including the confirmed interest rate for the renewed time deposit via HSBC HK App or HSBC Online Banking.

If you wish to change the renewal instruction, you can update the maturity instruction via HSBC HK App at least one working day before the maturity date.

Yes, you can. You can change the maturity instruction for your time deposit multiple times as long as you make the instruction at least one working day before the maturity date. We will follow your latest instruction to renew your deposit recurrently or, credit your principal amount and interest to your designated account.

Note:

If an auto-renewal instruction has been set up for the deposit, please be reminded that the interest rate will be the prevailing standard interest rate on the date of renewal.
For the maturity instruction option of 'Increase principal amount', please ensure sufficient funds are in your disposal account for debiting on each maturity date. Matured time deposit will not be renewed when the principal amount exceeds the maximum deposit requirement.
For the maturity instruction option of 'Reduce principal amount', matured time deposit will not be renewed when the principal does not meet the minimum deposit requirement.

If you'd like to modify the details of your forward-dated time deposit, please cancel it and then place a new time deposit according to your current need on the HSBC HK App.

Manage your Time Deposit Maturity on mobile

Place maturity instruction for your time deposit

Change the maturity instruction for your time deposit[@allvert-screenshotmobilex]

Step 1

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Step 4

Frequently asked questions

If I select to automatically renew my time deposit via HSBC HK App, how many times will the deposit be renewed?

Can I modify the maturity instruction for my time deposit more than once via HSBC HK App if I'd like to stop automatic renewal now, but place a new maturity instruction later?

I placed a time deposit to be effective on a future date. Can I modify the placement and maturity instruction via the HSBC HK App?

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Notes