Traditional Culture Encyclopedia - Traditional festivals - Can the funds in the ICBC agreement deposit account be used at any time?

Can the funds in the ICBC agreement deposit account be used at any time?

Yes.

The unit agreement deposit is a kind of deposit in which an enterprise signs an agreement deposit contract with ICBC, opens a bank settlement account, agrees on a term, and agrees on the basic amount of the account, and the bank pays interest at the demand deposit rate on the deposit within the basic amount, and pays interest at the agreement deposit rate on the portion that exceeds the basic amount.

The agreement deposit is divided into two kinds of ordinary agreement deposit and traditional agreement deposit.

The agreement deposit period is up to one year.