Chinese Renminbi-linked CD
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With our Chinese Renminbi-linked CD we give you the opportunity to invest in an FDIC insured CD with an interest rate tied to the performance of the Chinese Renminbi (CNY or RMB) relative to the United State Dollar (USD), providing you a bridge to the best of both worlds: outstanding opportunity with guaranteed principal protection.*
Please note: Product no longer available. The information provided below is for informational purposes only for our current CD Holders.
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100% participation in quarterly average RMB gain |
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100% guaranteed principal at maturity |
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Minimum opening balance: $5,000 with no maximum |
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Term: 5 years |
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Disclosure click here |
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Date: |
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05/21/2010 |
USD / CNY Value |
6.8276 |
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08/23/2010 |
USD / CNY Value |
6.7989 |
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11/23/2010 |
USD / CNY Value |
6.6469 |
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02/23/2011 |
USD / CNY Value |
6.5828 |
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05/23/2011 |
USD / CNY Value |
6.4998 |
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08/23/2011 |
USD / CNY Value |
6.3987 |
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11/23/2011 |
USD / CNY Value |
6.3498 |
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02/23/2012 |
USD / CNY Value |
6.3031 |
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05/23/2012 |
USD / CNY Value |
6.3208 |
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08/23/2012 |
USD / CNY Value |
6.3316 |
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11/23/2012 |
USD / CNY Value |
6.2906 |
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02/25/2013 |
USD / CNY Value |
6.2892 |
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| *All principal is held in an East West Bank Certificate of Deposit and FDIC insurance coverage rules will apply.
FDIC Insurance does not guarantee a return from the performance of the Chinese Renminbi. Offer is valid from March 12, 2010 through April 9, 2010.
The principal is guaranteed only if held to maturity. Interest rate of return will vary. Interest is calculated and paid upon maturity.
There may be a penalty for early withdrawals. These penalties are subject to market value. You may receive less than your original principal deposit if you redeem your certificate of deposit prior to maturity.
Account holders will generally be required to report taxable interest income each year that the CD is held. The above offer is not available for retirement accounts.
The Chinese Renminbi-linked CDs are solely the obligations of East West Bank. The value of the Chinese Renminbi is compiled and published by the People's Bank of China, China's central Bank.
People's Bank of China is not affiliated with East West Bank or the Chinese Renminbi-linked CD. |
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