Since the beginning of the year when CCB launched its All Personal Call Deposits in One Account (“All in One Account”) nationwide, the product has enjoyed increasing popularity in the market. The soaring enthusiasm of customers to open the account and make deposits and the rapid increase of business volume demonstrate its sound development momentum and market competitiveness.

It is said that All in One Account is a new personal financial product with smart wealth management functions. The product is developed by CCB on the basis of personal call deposits and offers greater flexibility and convenience. It simplifies the previously complicated deposit and withdrawal procedures of seven-day call deposit, enabling customers to enjoy CCB’s smart wealth management services and the interest income of call deposit (2.25 times over the annual interest rate of current deposit) as well. It makes “no need to call for call deposit” and high yield and efficiency a reality. The target customers of the product are those who have a certain amount of idle money and hope enjoy both the convenience of current deposit and higher interest income, especially those who make frequent transfers between their current and term deposits but are too busy to mange their wealth.

All the customers who keep the balance of their deposit accounts over RMB50,000 (including RMB50,000) or foreign currency equivalent US$5,000 (including US$5,000) and have CCB debit card, Happy Investor wealth management card, 工薪寶 or similar accounts can open the All in One Account. Those who have no CCB account can open a current account or wealth management card at the bank directly and then sign the agreement for the All in Once Account service.

Currently, the minimum balance of the bank’s All in Once Account is required to be RMB50,000, and it is agreed that the account is a seven-day call deposit. Customers of the account can make multiple deposits and withdrawals provided that each deposit is above RMB1,000, which meets the need of customers who frequently have idle money. In terms of withdrawal, the system will follow the principle of maximizing customers’ interest and draw the deposit over 7 days first or draw from the latest deposit in case of insufficient balance. It is agreed that the All in One Account applies the interest rate of seven-day call deposit with the function of redeposit once the account is opened. All the deposits in the account with a term over 7 days (including 7 days) enjoy the interest rate of seven-day call deposit. As requested by customers, CCB can also make automatic transfer between customers’ All in One Account and current account. When the balance of customers’ current account exceeds the agreed amount, the surplus will be transferred to the All in One Account automatically; when customers pay for shopping, draw cash, pay bills and loans and find the balance of their current account is inadequate, their All in One Account will make automatic transfer to offer fund support.