A:Xiao Li,what benefits can our corporation get from Corporate Agreement Savings?
B:You will increase your interest return.
B:Oh,Corporate Agreement Savings are based on the Agreement Deposit Contract signed by customer and bank. And the contract decides the terms and the line of basic deposit withheld when settling the account.
A:And how does the interest count?
B:Within the line of basic deposit,the interest should be counted at the rate of current deposit on the day of settlement or withdrawal.
A:How about the exceeding part?
B:Beyond the basic deposit,the interest should be settled at the rate of agreement savings publicized by People's Bank of China on the day of settlement or drawing.
A:But,how on earth should it be counted?
B:It is higher than the interest of current deposit and lower than that of the 6-month-time deposit.
A:Well…,how can we make Corporate Agreement Savings in your bank?
B:Let me tell you about it.
A:Xiao Li,how can our corporation make a Corporate Agreement Savings with your bank?
B:Ah…,first,you should sign the Corporate Agreement Savings Contract with our bank, and then our bank will open an account of agreement savings on the basis of your settlement account.
A:How long will the contrast work?
B:The contract will hold for one year in maximum (including one year exactly). And it will be extended automatically if neither of the two parties suggests a termination or amendment prior to its expiration.
A:And what's the procedure for opening the account?
B:Before that,the corporation should first open a basic deposit account or a general deposit account ("settlement account" for short) for the accounting of normal economic activity.
B:Settlement account is called A type account. And a B type account refers to the agreement deposit account automatically created in the computer.If a corporation already has a settlement account,our bank will take it as an A type account and transact its agreement deposit procedures.
A:Thank you for your information.
A:Is there any requirement for initial deposit of agreement savings?
B:It should be 100,000 RMB at least for A type account.
A:Then how do I withdraw?
B:Account of agreement savings ,or a type A, should be managed and used as a general settlement account,and it may be applied to the withdrawal of a cash transfer service.
A:Is overdrawal permitted?
B:No overdraft is allowed in either a type A or B. What's more,a type B account should not be directly involved in any transactions, nor be applied to any external withdrawal service.
A:How about interest settlement?
B:The interest of agreement savings should be settled on the 20th of the last month in each quarter, or when the owner of the agreement savings account cancels the account.
A:I see. We'll have one soon.
B:Hope to see you soon.