2023-06-25 10:36:43
The performance of the stock market fluctuated, and low-risk products showed value again. As the time deposits of more than 10 banks have returned to the 4% level, it is safe to transfer some of the funds to time deposits.
Previous article[Ifyouhave100000yuanwouldyouliketodoaregularjob?】Listthelow-thresholdoptionsofmajorbanksThedepositthresholdinthispaperis500,000 yuanwith a longer deposit period of 3 months or more, the maximum4.4percent. This article adopts two simple charts, divided by new funds and existing funds, both new and old funds have a high interest rate of 4%!
Is it better to use 500,000 yuan as a fixed term?
▼Click the picture to enlarge
Existing funds earn $20,500 in 1 year
The biggest surprise this week is that existing funds have gradually returned to 4%. After China Merchants Wing Lung increased deposit interest, the minimum deposit is 500,000 yuan, 4.2% for 3 months and 6 months, and $10,500 for half a year. The 12-month deposit period is also 4%.
Public Bank also raised interest rates across the board this week, with 4.1% for 12 months, 6 months and 3 months, and new and old funds are also applicable. Deposit 500,000 principal for 1 year and earn $20,500 in interest, which is the option with the largest amount of interest earning among existing funds.
Chong Hing Bank originally only had a 4% discount for new customers, but recently existing customers have also increased their interest rates. They opened via electronic channels, with a minimum deposit of 500,000 yuan and a 3-month deposit period of up to 4.2%. Can.
Earn $23,280 with 4.38% interest rate
Among the new funds, OCBC Wing Hang has the highest long-term interest rate of 4.38%, but please note that the deposit period is 388 days, that is, readers need to lock up the funds for more than one year. If it is opened with a principal of 500,000 yuan, the interest rate for the whole period will be $232.8 million. This offer is only applicable to new funds of designated wealth management customers.
The bank also has the option of 4.2% for 288 days and 4% for 238 days. They are also Hongfu wealth management customers, and they can play with new funds starting from 200,000 yuan. The high interest rate of OCBC Wing Hang mentioned above is tentatively scheduled to expire at the end of this month.
ICBC (Asia) 4.2%
ICBC (Asia)’s 3-month deposit period is up to 4.2%, which is a discount for new customers. The deposit amount is 100,000 to 800,000 yuan. If the principal is 500,000 yuan, the quarterly interest rate will be $5250. For existing customers, the bank also provides a maximum of 4% for 500,000 yuan, with a deposit period of 98 days. Existing customers open with new funds at the branch. The 188-day deposit period is 3.9%.
Standard Chartered 4.4% limited to designated customers
Standard Chartered’s 4.4% deposit period is available in 3 and 6 months. If you open it with a principal of 500,000 yuan, you can earn 11,000 yuan in half a year. Although this discount of 100,000 yuan of new funds can be opened, it is only limited to priority private wealth management customers with a very high threshold (total wealth management value of 8 million yuan), and the actual threshold is actually quite high.
HSBC and BOCHK also offer high-interest discounts for selected customers, up to 5%. For details, see:[Fixed Deposit 2023]HSBC 5% Bank of China, Standard Chartered over 4%｜Inventory of nearly 20 banks “4% Club”
Date this article was last updated: June 23, 2023
Written by: Liao Yiran
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