Personal RMB Products

Meet your various personal financial needs, both in the U.S. and China.

RMB Deposit Accounts

We offer numerous types of RMB¹ deposit accounts that allow you to invest in RMB to diversify your currency portfolio, earn competitive interest rates and make deposits and withdrawals in RMB.

Our New York & Queens branches offer RMB-denominated products & services including:

RMB Deposit Accounts

RMB Cash Exchange, Account Deposit and Withdrawal

Interests on RMB Savings Accounts are compounded monthly. There is a minimum deposit of $500 required to open an RMB Savings Account. The $10 monthly maintenance fee will be waived if you meet the minimum average daily balance requirement of $500 USD equivalent.

Interest paid on the RMB Certificate of Deposit Account will not be compounded and accrued interest will be credited to the account at maturity. There is a minimum balance requirement for opening an RMB Certificate of Deposit Account. Also, there is no monthly maintenance fee. While there is no monthly maintenance fee, penalties may apply for early withdrawals.

For more information on opening an RMB Savings Account or RMB Savings Accounts and RMB Certificate of Deposit Accounts, including fees, charges and application requirements, contact or visit our New York or Queens branches.

We provide cash exchange services for RMB and USD. Customers can also deposit or withdraw RMB cash to/from their RMB Savings Accounts at their convenience when traveling to China and to avoid potential exchange rate losses when converting currencies. Please contact or visit our branches for more details and information on transaction limits regarding these services.

Interest Rates, Fees & Application Requirements

For more information on interest rates and fees, please click here. For additional information, please call (646) 231-3103 or visit our New York or Queens branches.

Disclaimer

¹Abbreviation for Renminbi, the official currency of the People’s Republic of China.