Corporate notification deposit is a type of large-amount deposit with higher yields than corporate demand deposit and more flexible withdrawal means than corporate term deposit.
If your company or organization has a large amount of idle funds, such deposit account can not only bring you a higher interest income than demand deposit and but also meet your needs of withdrawal at any moment. You need not to set a term for corporate notification deposit when you open such an account. When you wish to withdraw the deposits, you only need to notify the bank the amount and date of withdrawal one or seven days prior to withdrawal. The interest rate is set by the PBOC, which is usually higher than that of corporate demand deposit and low than that of corporate term deposit. The interest will be paid according to the rate published on the date of withdrawal.