2024-03-22 05:54:58
▲ HKD 500,000 time deposit｜4.4% Earn $13,000 from existing funds!New customers can earn $7,600 quickly in the next week
A time deposit of HKD 500,000 can earn up to $20,500 in interest. This article introduces 4 time deposit products, all of which can be used to exchange HKD 500,000 for passive income of at least HKD 20,000.
Special deposit terms have emerged, with a 4-month 4.8% deposit that can earn you $8,000 quickly; another bank offers a 7-month deposit with a 4.4% interest rate, which can earn nearly $13,000 in interest in about half a year!
- 500,000 yuan principalthe maximum 12-month deposit period is 4.1%, and the interest rate is $20,500 in one year;
- The current 7-month deposit period is 4.4%, and the existing funds earn nearly $13,000 in interest;
- 4.8% in 4 months, new customers can earn $8,000 quickly.
Here are two simple tables, divided into new funds and existing funds:
Table 1: Annual interest rate of new funds (deposit amount: 500,000 yuan)Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate notes Citibank 3.29% 3.47%5.0 centimeters5% required for new private client business account Dah Sing Bank / 3.9%4.8 centimeters
(4 months)4.8% is required for new financial management customers of designated branches. ICBC (Asia) 3.7% 4.1%
(188 days) 4.58 cents
(4 months) 4.58% for new customers Chong Hing Bank 2.85% 3.25% 4.4% 4.4% for new customers CNCBI4.05 centimeters4.33 centimeters4.35% CITICdiamond customers mobile new funds Public Bank 4.0% 4.2% 4.3% mobile banking new funds Bank of East Asia 3.75% 4.25% 4.3% New SupremeGold customers Fubon Bank 4.1% 4.2% 4.2% mobile banking new funds OCBC Bank 3.7% 4.0 4.1 centimeters
(128 days) New funds for financial customers DBS Bank 3.7% 4.1% 4.0%
(4 months) Online/Mobile Banking New Fund Nanyang Commercial Bank 3.7% 4.0% 4.0%
(4 months) New funds for personal customers Standard Chartered Bank 3.4% 3.65% 3.6% Online new funds HSBC/3.5% 3.6% Premier or Premier customers,
Other customers lower 0.3% Hang Seng Bank/3.5% 3.6% Online New Funds BOCHK 3.4% 3.4% 3.5% Online or Mobile Banking New Funds
Table 2: Annual interest rate of existing funds (deposit amount: 500,000 yuan)Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Notes Huili Bank 3.7%4.4 centimeters
(7 months)3.7% virtual bank, only electronic channel CNCBI4.05 centimeters4.33 centimeters4.35 centimetersCITICdiamond customers open Ping An OneConnect 4.0% 3.8% 4.2% virtual bank via mobile phone, only electronic channel Fulong Bank 3.5% 4.0% 4.2% virtual bank, only electronic channel Merchants Wing Lung 3.9% 4.15% 4.15% mobile bank open Public Bank 3.8% 4.0% 4.1% Existing funds for opening Chong Hing Bank 2.85% 3.25% 4.1% Online banking/mobile banking Bank of East Asia 3.55% 4.05% 4.05% Financial management customers’ existing funds online Skystar Bank 3.8% 4.0% 3.8% Virtual Bank, Only electronic channels Bank of Communications Hong Kong 3.7% 4.0% 3.95% Personal customers open ICBC (Asia) via electronic channels 3.7% 3.9% 4.0% Personal customers open DBS Bank 3.65% 4.05% 3.9% Mobile Banking now through online or mobile banking funds
Special deposit period earns nearly $13,000 in interest
WeLab Bank’s unique 7-month deposit period discount has been newly increased to 4.2% for deposits starting from 10 yuan, 4.3% for 200,000 yuan, and 4.4% for 500,000 yuan. The advantage is that both old and new funds are available.
If you open it with a principal of NT$500,000, you can earn over $12,800 in interest in 7 months.
Dah Sing Bank pushed 4.8% for 4 monthsopen a VIP i-Account comprehensive financial account at a designated branch (Admiralty Admiralty Center Branch, Taikoo Shing Branch, Mei Foo Sun Chuen Branch or Tai Wai Branch) and open it with new funds.
In order to prepare for the half-year settlement of funds, the bank recently launched a special deposit period to attract deposits:
- A new customer of Dah Sing Bank earns 4.8% and earns $8,000 in 4 months;
- For new ICBC (Asia) customers, the interest rate is 4.58%, and the interest rate in 4 months exceeds $7,600, which will be detailed below;
- OCBC’s new funds are 4.1%, earning more than $7,000 in 128 days, and non-financial customers are 3.85%;
- Ping An OneConnect 4.2% in 4 months, the existing funds earn $7,000 in interest;
- Nanyang Commercial Bank and DBS Bank are 4%, with four-month interest rates exceeding $6,600.
New customers can earn 7,600 yuan quickly, the last countdown is coming
If you make a time deposit of 500,000 yuan, ICBC (Asia) has a new customer discount of 4.58%. The minimum deposit is 100,000 yuan to 800,000 yuan. If you make a time deposit of 500,000 yuan, you can quickly exceed $7,600 in 4 months.
Please note that this is a discount for new customers, but you don’t need to be a high-end financial customer to open one. A general integrated account will suffice. The discount period is tentatively scheduled to be until March 28.
The choice to earn 20,000 yuan in interest
At present, the highest 12 deposit terms are 4.2%, with a principal of 500,000 yuan and an interest rate of 20,500 yuan, which is a flash discount of Fubon Bank.
500,000 yuan principal, 4% interest rate per year, anti-inflation option:
- Fubon Bank 4.1% (new funds via mobile phone, no designated account requirements)
- CNCBI 4.05% (CITICdiamond customers, old and new funds are accepted)
- Public Bank 4% (new funds via mobile phone, no designated account required)
- Ping An OneConnect 4% (new and old funds are accepted, no designated account required)
4.33% for 6 months
The six-month deposit period is still the highest for CNCBI’s financial customers, at 4.33%, and for general customers, 4.23% is also a high level, and both old and new funds are available.
The following are 4% options for a principal of NT$500,000 and a six-month deposit period:
- Bank of East Asia 4.25% (new financial management customers)
- Public Bank 4.2% (new mobile funds)
- Fubon Bank 4.2% (new mobile funds)
- ICBC (Asia) 4.1% (open online)
- DBS Bank 4.1% (open online)
- OCBC 4% (new funds for wealth management customers)
- Bank of Communications Hong Kong 4% (existing funds)
- Fuyu Bank 4 rin (current funds)
- Tianxing Bank 4% (existing funds)
General customers, 4.3% for 3 months
For a three-month deposit period, Citi, ICBC, Chong Hing, etc. have new customer discounts ranging from 4.4% to 5%; CNCBI’s 4.35% is a requirement for high-end financial customers.
For general customers, Public Bank has a higher interest rate, with a new mobile fund rate of 4.3% and a deposit period of 3 months; Fubon Bank, Fulong Bank and Ping An OneConnect all have 4.2%, China Merchants Wing Lung 4.15%, Chong Hing and ICBC (Asia) 4.1%, the above are all 3-month deposit period, and there is no designated account requirement.
The last update date of this article: March 22, 2024
Editor in charge: Liao Yiran
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