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CCB NY values our customer business and seeks to provide us customers with excellent service.  When a qualified customer opens up an account with CCB NY the following Treasury service related products are available.

Demand Deposit Account (DDA)

Demand deposits are the deposits that are payable immediately on demand, or that are issued with an original maturity less than seven days, or that represent funds for which the depository institution does not reserve the right to require at least seven days’ written notice of an intended withdrawal. Demand deposits could be interest bearing deposits or non-interest bearing deposits.

Time Deposit Account

Time deposits are deposits that the depositor does not have a right, and is not permitted, to make withdrawals from within six days after the date of deposit unless the deposit is subject to an early withdrawal penalty of at least seven days’ simple interest on amounts withdrawn within the first six days after deposit. A time deposit from which partial early withdrawals are permitted must impose additional early withdrawal penalties of at least seven days’ simple interest on amounts withdrawn within six days after each partial withdrawal.

We offer business time deposit service for terms of 1 week, 1 month, 3 months, 6 months, 9 months, 1 year and 2 years. The minimum acceptable amount for each Time Deposit transaction is USD 100, 000.00 at present.  Customers may also seek to deposit in foreign currency such as Chinese RMB.


For a full list of CCB NY Treasury Products and Services please refer to our Treasury Service.