, Hong Kong
Photo by Josh Appel.

Bank of East Asia offers preferential interest rate to green mortgage customers’ time deposits

It follows in the footsteps of BEA’s Green Mortgage Plan.

The Bank of East Asia has launched its Green Mortgage x Deposit Plan, which offers green mortgage customers a preferential interest rate on their online time deposits.

The plan enables eligible green mortgage customers to earn a preferential interest rate on 12-month time deposits placed with new funds through the bank’s online channels with paperless processes, for a total deposit amount of up to 100% of their mortgage loan amount.  

The new service follows in the footsteps of BEA’s Green Mortgage Plan, launched last year. Over 20% of mortgage customers have chosen to avail of the product since then, according to Shirley Wong, general manager and head of personal banking division at BEA.

The Green Mortgage Plan is offered to prospective purchasers of first-hand, second hand, or government-subsidised residences that hit a certain criteria. During the promotional period,  green mortgage  customers can receive an extra cash rebate of up to HK$16,888. 

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