Hong Kong Lender Launches Green Mortgage Deposit Plan

The Bank of East Asia, (BEA) announced the launch of its new Green Mortgage x Deposit Plan.

As part of the bank’s efforts to further promote green living and support green financing in Hong Kong, green mortgage customers can now earn a preferential interest rate on online time deposits.

Commenting on the launch Shirley Wong, General Manager and Head of Personal Banking Division at BEA, said: “BEA supports sustainable development in Hong Kong, and our retail banking operations are actively exploring new green business opportunities.”

“Since the launch of our Green Mortgage Plan last year, over 20% of mortgage customers have chosen this product. In view of this, we are offering a preferential time deposit rate so that our customers can earn a preferential interest rate on online time deposits.”

The Green Mortgage Plan is offered to prospective purchasers of first-hand, secondhand, or government-subsidised residences that have a valid provisional/final Platinum” or Gold rating under the BEAM Plus New Buildings/Existing Buildings scheme of the Hong Kong Green Building Council.

The plan allows 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.

During the promotional period, green mortgage customers can also receive an extra cash rebate of up to HK$16,888.

#GreenFinance #BankofEastAsia #HongKong