4.4 The promotional interest rates above apply to Fixed Deposit placements funded through any of the following:
and/or funds in BND converted into any of the Eligible Currencies through a foreign currency exchange transaction conducted at any Bank branch;
in any of the Eligible Currencies received via Telegraphic Transfer from another bank or financial institution; or
in any of the Eligible Currencies in the form of physical cash.
4.5 For the avoidance of doubt, funds already maintained with the Bank in any of the Eligible Currencies shall not qualify under this Promotion.
4.6 The minimum placement amount under this Promotion shall follow the Bank’s prevailing minimum placement requirements for Foreign Currency Fixed Deposits, being:
- USD 5,000
- GBP 5,000
- AUD 10,000
- NZD 10,000
4.7 The aggregate placement amount under this Promotion shall not exceed the equivalent of BND 1,000,000 per Eligible Currency per Eligible Customer.
4.8 Each Eligible Customer may place a maximum of two (2) Fixed Deposits in each Eligible Currency under this Promotion. All Fixed Deposit placements must meet the minimum placement requirements set out in Clause 4.6 and be made in increments of five hundred (500) units of the relevant Eligible Currency.
4.9 The promotional interest rates stated above are fixed, provided the deposit is held until maturity.
4.10 Eligible Customers acknowledge that foreign exchange transactions involve exchange rate risk. The Bank shall not be responsible for any loss arising from exchange rate fluctuations, including where funds are converted from BND to an Eligible Currency for placement and subsequently converted back to BND upon maturity or withdrawal.
4.11 Upon maturity, the Fixed Deposit will automatically renew at the Bank’s prevailing board rate applicable to the relevant currency and tenor, unless the customer provides alternative instructions prior to maturity.
4.12 In the event of premature withdrawal (upliftment), the Eligible Customer shall be charged:
(i) a handling fee of USD10 / GBP10 / AUD10 / NZD10 (as applicable); and
(ii) an early upliftment penalty fee of USD10 / GBP10 / AUD10 / NZD10 or 1% of the principal amount, whichever is higher.
All accrued interest shall be forfeited.
4.13 Fixed Deposits placed under this Promotion shall not be pledged, assigned, or used as collateral for any facility.
5. General5.1 The Promotion is subject to the Bank’s prevailing terms and conditions governing the products and any other documents forming part of the banking agreement.
5.2 The Bank reserves the right to determine whether any placement satisfies the eligibility and Fresh Funds requirements under this Promotion.
5.3 The Bank reserves the right to amend, suspend, vary or terminate this Promotion, or any of these Terms, for valid reasons, with reasonable notice where practicable.
5.4 The Bank’s determination of all matters relating to the Promotion shall be final and conclusive.
5.5 In the event of any inconsistency between these Terms and any promotional materials relating to the Promotion, these Terms shall prevail.
5.6 By participating in the Promotion, Eligible Customers acknowledge that their personal data may be collected, used and disclosed by the Bank for purposes relating to the administration of the Promotion, in accordance with the Bank's Group Privacy Notice, as may be amended from time to time. A copy of the Group Privacy Notice is available at
www.baiduri.com.
5.7 These Terms shall be governed by and construed in accordance with the laws of Brunei Darussalam.
