2023-06-26 05:20:52
The three major note-issuing banks participated in the time deposit rate increase war, HSBC up to 5%, Bank of China Hong Kong and Standard Chartered Bank both exceeded 4%, but they are only limited to selected customers or designated wealth management customers:
Discounts for Selected Customers of Major Banks
Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Initial deposit HSBC 4.91% 4.97% 5.0% 500,000 yuan Standard Chartered / 4.4% 4.4% 100,000 yuan Bank of China Hong Kong 4.0% 4.1% 4.1% 10,000 yuan
However, the above are only for selected customers. If no invitation is received, the prices for general customers of the three major note-issuing banks are as follows:
Discounts for non-selected customers of major banks
Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Initial deposit HSBC / 3.4% 3.3% 10,000 yuan Standard Chartered 3.4% 3.4% 3.3% 10,000 yuan Bank of China Hong Kong 3.4% 3.4% 3.3% 10,000 yuan
If you are not a selected customer, the fixed deposit discounts of large banks are not as good as other banks.
Low threshold 4% choice
As for other banks, the low threshold of 4% has gradually increased in recent days. After the latest DBS deposit interest rate increase, 4% for deposits starting from 50,000 yuan; after Chong Hing Bank raised interest rates this week, even deposits as low as $5,000 have 4% higher interest rates; After Wing Lung raises the interest rate, the starting deposit is 10,000 yuan, and it will be 4.15% for 3 to 9 months:
4% option with low threshold
Bank admission fee Annual interest rate Deposit period ICBC Asia 100,000 yuan (new customer) 4.2% 3 months Huili 10 yuan 4.2% 4 months China Merchants Wing Lung 10,000 yuan 4.15% 9 months, 6 months, 3 months East Asia 20,000 yuan (new customer) 4.15% 3 months 10,000 yuan 4.05% 3 months Chuangxing 5,000 yuan (new and old funds are acceptable) 4.05% 3 months CNCBI 10,000 yuan 4.05% 3 months DBS 5 4.0% for 6 months Citigroup 50,000 (new customers) 4.0% for 3 months
Up to 4.5% outside the note-issuing bank
Excluding the discounts offered by major banks for selected customers, Fubon has the highest rate of 4.5% for a deposit period of 3 months or above, and the quarterly interest rate for millionaires is $11,250; for long-term deposits of 12 months or above, OCBC Wing Hang has a maximum rate of 4.38%. There are currently nearly 20 banks in the “4% Club” army. The following two tables list the 4% options:
4.2 centimeters or more
Annual interest rate of bank deposit period Entry fee Fubon 3 months 4.5% 1 million yuan 12 months, 6 months, 3 months 4.1% 500,000 yuan Chuangxing 3 months 4.4% 3 million yuan 4.2% 500,000 yuan 4.05% 5,000 yuan Overseas Chinese Wing Hang 388 days 4.38% 200,000 yuan 288 days 4.2% 238 days 4.0% CCB Asia 3 months 4.3% 1 million yuan (new customers) 4.2% 1 million yuan
4% to 4.2%
China Merchants Wing Lung 9 months, 6 months, 3 months 4.2% 500,000 yuan 12 months 4.0% East Asia 3 months 4.2% 2 million yuan (new customers) 4.15% 20,000 yuan or 500,000 yuan (new customers) 6 Monthly 4.0% 2 million yuan (new customer) ICBC (Asia) 3 months 4.2% 100,000 yuan (new customer) 98 days 4.2% 3 million yuan
(4% for 100,000 yuan) 188 days 4.1% 3 million yuan
(800,000 yuan 4%) Huili 4 months 4.2% 10 yuan Bank of Communications Hong Kong 3 months 4.1% 1 million yuan Dah Sing 3 months 4.1% 1 million yuan Public Bank 12 months, 6 months and 3 months 4.0% 500,000 yuan Nanyang Commercial Bank 218 days 4.08% 1 million yuan Chiyou 3 months 4.0% 1 million yuan DBS 6 months 4.0% 50,000 yuan Citigroup 3 months 4.0% 50,000 yuan
Fubon 4.5%:Fubon recently launched a 4.5% high interest rate, with a deposit period of 3 months. At least 1 million yuan of new funds must be deposited, which needs to be opened at a branch. This is currently the highest interest rate Hong Kong dollar time deposit (3 months or more); and Fubon has also recently increased the discount for new funds in mobile banking to a maximum of 4.1%, with a minimum deposit of 500,000 yuan.
Chong Hing 3 months 4.4%:Chong Hing added 4.4% for 3 months, which is specially designed for large households with 3 million yuan of new capital, and the interest earned in one quarter reached 33,000 yuan. The lower threshold is 4%. New customers complete designated projects, 4.2% for 500,000 yuan; existing customers open through electronic channels, regardless of new and old funds, 500,000 yuan, deposit for 3 months, 4.2%, with a minimum deposit of $5,000 There is also 4.05 per cent.
OCBC Wing Hang 4.38%:OCBC Wing Hang Hongfu wealth management customers, 200,000 yuan of new funds, a new deposit period of 388 days, up to 4.38%, about 1 year and more than 1 month, depositing 200,000 yuan and earning interest of more than 9,300 yuan. In addition, the bank’s 288-day and 238-day deposit periods both have 4%.
ICBC (Asia) 4.2%:The discount for new customers of ICBC (Asia) is increased to 4.2%, the deposit period is 3 months, and the deposit amount is 100,000 to 800,000 yuan. Accounts are also eligible for discounts.
East Asia 2 million 4.2%:Bank of East Asia’s new Supreme Excellence Private Wealth Management customer deposits at least 2 million yuan in new funds, and the 3-month deposit period will be 4.2%, and the 6-month deposit will be 4%. If you want to lower the threshold, if you are a new Supreme Financial customer or SupremeGold customer, with a minimum deposit of 20,000 yuan or 500,000 yuan, you will get 4.15% for 3 months.
CCB Asia 4.3%:CCB Asia’s new/upgraded customers open “VIP Jinyu” and “VIP Wealth Management” with 1 million yuan of new funds, and the 3-month deposit period is 4.3%. If it is the new funds of the above-mentioned existing wealth management customers, depositing 1 million yuan, there will be 4.2% in 3 months.
China Merchants Wing Lung 4.2%:China Merchants Wing Lung has increased the deposit period of 9 months, 6 months and 3 months to 4.2%, with a minimum deposit of 500,000 yuan, and 4.15% for a minimum deposit of 10,000 yuan.
Huili 4.2%:Huili Bank has added a 4-month deposit period with an annual interest rate of 4.2%. It is the first virtual bank to increase the long-term interest rate of 3 months or more to 4%.
Dah Sing Bank 4.1%:Dah Sing Bank has a 3-month deposit period of up to 4.1%, which requires a new fund of 1 million yuan in a designated high-end account. There is 4% for the minimum deposit of 200,000 yuan.
Bank of Communications Hong Kong 4.1%:Bank of Communications Hong Kong’s designated wealth management account has a deposit amount of 1 million yuan, a 3-month deposit period of 4.1%, and a quarterly earning interest of more than 10,000 yuan; and general personal customers, the minimum deposit of 20,000 yuan is also increased to 3.8%.
Nanyang Commercial Bank 4.08 Rin︰Nanyang has added a special deposit period of 218 days, with an annual interest rate of 4.08%, starting from a new fund of 1 million yuan, and earning an interest of more than 24,000 yuan. If it is 500,000 yuan, there is also 3.98%, which is close to 4%.
CNCBI 4.05%:CNCBI has a low threshold of 4% and a 3-month deposit period, and 4.05% for new funds of 10,000 yuan, which need to be opened in mobile banking.
Public Bank 4%:For Public Bank’s 12-month, 6-month and 3-month deposit terms, the principal of 500,000 yuan is 4%, and existing funds can also be opened.
Shuyu Bank 4 Rin:Branches are opened with new funds, over 1 million yuan, 4% for a 3-month deposit period.
DBS 6 months 4%:After DBS Bank increases deposit interest, there will be 4% for 6 months, and new funds of 50,000 yuan will be enough, which need to be opened online; existing funds will have 3.95%.
Citigroup has a high threshold of 4%:Citigroup’s 3-month 4%, although the initial deposit amount is only 50,000 yuan, but you need to be a new customer of Citigold and hold a designated product balance, the actual threshold is not low.
Xuyin suddenly pushes 4.5% to grab short money
The virtual bank Ping An OneConnect suddenly launched 4.5% to grab short-term money. The deposit period is 14 days, and the threshold is low. 100 yuan can also be opened. 170 yuan.
In terms of long-term interest, virtual silver has a maximum interest rate of 4.2%, which belongs to Huili’s 4-month deposit period. The bank’s 12-month deposit period is 3.8%, which is also the highest interest rate among virtual silver. See the table below for details:
Virtual bank 12-month annual interest rate 6-month annual interest rate 3-4 month annual interest rate Deposit amount Huili
3.8%
3.0%
4.2% (4 months)
10 yuan Ping An One Account 3.4%
3.7%(5 months) 3.7% (3 and 4 months) 100 yuan Furong 3.0%
3.7%
3.7% No minimum deposit amount Mox Bank 3.5% 3.4% 2.0% No minimum deposit amount livibank 3.4% 3.0% 2.5% 200,000 yuan
Existing funds 4%:Existing funds also have high interest rates. Fubon’s 12-month, 6-month, and 3-month deposit periods, the existing funds amount to 1 million yuan, both are 4%, and the deposit earns $40,000 for 1 year; if the principal is less, you can consider Chong Hing For banks, the highest “cloud interest rate” is 4.2%, with a deposit period of 3 months. The existing funds of 500,000 yuan can be opened, and the minimum deposit of 5,000 yuan is also 4.05%.Annual interest rate of bank deposit period Entry fee Chong Hing 3 months 4.2% (existing funds) 500,000 yuan Fubon 12 months, 6 months, 3 months 4.0% (existing funds) 1 million Public Bank 12 months, 6 months Month, 3 months 4.0% (existing funds) 500,000 yuan CNCBI 3 months 3.8% (existing funds) 10,000 yuan Chiyu 3 months 3.8% (existing funds) 1 million yuan DBS 12 months, 6 months, 4 months, 3 months 3.8% (existing funds) 50,000 yuan China Merchants Wing Lung 6 months 3.5% (existing funds) 10,000 yuan
In addition to the long-term deposit period, there is also a fierce battle for short-term deposits within a week. The following introduces two high-interest welcome offers, one is8%another great idea20%！
ICBC 8% earn 300 yuan a week
ICBC (Asia) launched a welcome discount of 8%. No high-end wealth management account is required. General personal customers open a one-week fixed deposit of 1,000 yuan to 200,000 yuan through mobile banking. The annual interest rate is 8%. Quickly earn about 300 yuan a week.
The bank also has another discount, which was 3.8% for 3 months last month, and it lasted in May. It is also applicable to new personal customers, but it needs to be opened at a branch, with a deposit amount of 100,000 to 800,000 10,000 yuan, calculated as 800,000 yuan, earn 7,600 yuan in 3 months!
CCB earns 2000 yuan a week at 20%
In terms of welcome offers, CCB Asia is the most exaggerated, with a time deposit annual interest rate as high as 20%! The initial deposit amount is 500,000 yuan, and the deposit period is 1 week. You can earn about 1,918 yuan in 1 week in Hong Kong dollars, US dollars or RMB. But it is not easy to earn high interest rates, this offer has the following conditions:
To be a new CCB Asia “VIP Select” or “VIP Banking” customer, the average daily balance of the two accounts must be HKD 5 million and HKD 1 million respectively. Required to subscribe for designated investment products, such as funds, bonds or structured stock-linked fishing products.Subscription products must reach HK$500,000 or above
In other words, the threshold for earning this discount is 1 million yuan, because you must deposit at least 1 million yuan of new funds to become a new CCB Asia customer, and then invest at least 500,000 yuan in products to be able to open with the same 500,000 yuan 20% time deposit.
Date this article was last updated: June 26, 2023
want to know more abouthigh interest products︰
[High-interest deposit]Hang Seng 7.5% and high-interest current collection
The top 10 high-yield funds pay monthly dividends up to 11% and 5 of them earn interest and value this year (updated in June 2023)
【High-interest savings】Short-term high-interest products have a large ratio and earn 4.5% a year
[High Dividend Stocks]10.6% daily ex-dividend, today is the last chance? (Details of 6 high-dividend telecom stocks are attached)
Bianjian bank has the highest deposit interest, what are the terms and conditions?immediatelyDownload the Hong Kong Economic Times App for freeinstant feed
Open the hket App to read the full text
1687762983
#Fixed #deposit #2023HSBC #Bank #China #Standard #Chartered #4Inventory #banks #club #Hong #Kong #Economic #Daily #Financial #Management #Interest #rate #strategy