This website updates high-interest time deposit information daily. Have you ever thought that making fixed deposits can also support environmental protection at the same time? At present, the green deposits of many banks are mostly aimed at corporate customers, but some banks also offer green deposits that retail customers can open. For example, NCB has recently offered a maximum of 4.9%, and the entrance fee is only 100,000 yuan, which is lower than the bank’s current 4.9% discount, but you must live in a housing estate that supports environmental protection, or you are an electric car owner. Specific requirements are as follows︰
Do you support the environment on a regular basis?
NCB’s green deposits have a maximum annual interest rate of 4.9% and a deposit period of 9 months.In addition to retail customers, NCB’s green deposits are also applicable to corporate customers, and the conditions are similar to those of individual customers. For details, please refer tohere。
HSBC originally had a similar plan, but the approach was that customers would plant a tree as long as they opened a 3-month time deposit. At present, the bank’s three-month fixed term is up to 4.6%, but it needs to be opened online with new funds.
The interest rate increase in the United States will further slow down next year. Banks have recently concentrated on increasing the annual interest rates of short-term deposits, and some have even lowered the annual interest rates of long-term deposits. Some banks even cut interest rates across the board. As a result, as many as 10 rooms. For example, after the latest interest rate discussion in the United States, Furong Bank has cut interest rates for the second time. After reducing to a maximum of 4.28% last Wednesday, it was further reduced to 4.08% today; CCB Asia withdrew the 12-month discount of 5.1% The highest annual interest rate was reduced to 4.8%; Airstar Bank also cut interest rates across the board to a maximum of 4.3% on Thursday.
OCBC Wing Hang also recently removed 5% for 12 months and changed it to 4.8%. The 3-month deposit period is temporarily maintained at 5%. In addition, Public Bank also reduced deposit interest to a maximum of 4.7%. Dah Sing Bank also recently withdrew the 5% high interest rate.
Bank cutting rates across the board
Although Nanyang Commercial Bank has lowered the high-interest discount to a maximum of 5.3%, it has recently reduced the initial deposit amount of selected customers from 5 million yuan to 1 million yuan, and added a new way to become a selected customer, Hong Kong ID card As long as the number contains “7” or “3”, you can become a selected customer and get the highest annual interest rate of 5.3%.
CCB Asia has reduced deposit interest several times within a week. First, it withdrew the 12-month 5.1% discount. On Wednesday, it reduced the highest annual interest rate for existing customers to below 5%, and on Friday, it reduced it to 4.8% for 12 months. It was reduced to 4.7% in 6 months, and the highest was 4.45% in 3 months. And even the 3-month 5% for new customers has been withdrawn, reduced to a maximum of 4.9%.
The virtual silver deposit battle has also cooled down in recent days. Furong Bank also lowered the annual interest rate for 12-month and 6-month deposits last Wednesday to 4.28%, and 4.18% for 3-month deposits. It was further lowered today, 4.08% for 12 months and 6 months, and 4% for 3 months. In addition, last Thursday, Airstar Bank reduced it to a maximum of 4.3%; Livibank has also cut interest rates in recent days, the current maximum is 4.2%, and the rest of the deposit period is reduced to below 4%.
Earlier, the Public Bank also reduced deposit interest, and there were adjustments from one month to 12 months. The highest annual interest rate for Hong Kong dollar fixed-term deposits is now 4.7%.
Before discussing the interest rate, NCB also reduced deposit interest in an all-round way. It was originally the highest in the city from 5.4% to 5.3%, and that of general customers was reduced from 5% to 4.9%.
Chong Hing also lowered the annual interest rate for low deposits, which was recently reduced to less than 5%, while the maximum deposit of 500,000 yuan or more was maintained at 5.05%.
Fixed deposit 5% annual interest has peaked?
At present, the highest Hong Kong dollar time deposit is 5.3% (excluding ultra-short-term deposits). Fubon Bank, which has always been the first to break through in the past, has remained on hold since early November, maintaining the highest annual interest rate of 5.1%. In terms of large banks, except for HSBC which raised deposit interest two weeks ago, the other two note-issuing banks have remained unchanged this month.
Has the 5% annual interest rate peaked? Some analysts pointed out that the HIBOR may have almost reached its peak, and it will remain at the peak in the next few months, and it may fall back in the first half of next year. The interest rate is one of many factors that affect the annual interest rate of time deposits.
Lin Junhong, Head of Research Department, Shanghai Commercial BankSaid that “5% fixed deposit is almost (peaked)”, he pointed out that the Hong Kong interest rate will fall after the Chinese New Year next year, and then the United States may raise interest rates twice, so the Hong Kong interest rate will still follow the U.S. interest rate rise, but if Not surprisingly, it will start to fall a month or two weeks before the last rate hike in the United States.
The one-month Hibor (Hong Kong Interbank Offered Rate) once broke through 5% earlier, and recently fell back to about 4.7%. Lin Junhong pointed out that it will peak at a maximum of 5.3-5.5% next year.
However, in addition to Hibor, the bank’s fixed deposit annual interest rate still depends on many other factors, including the bank’s other capital costs, operating strategies, and so on.
Bank concentration increases short-term deposit interest
Concentrate on adding short-term interest rates: Fubon, CNCB, HSBC, BEA
Banks concentrated on increasing short-term interest rates. For example, CNCBI raised the three-month Hong Kong dollar fixed annual interest rate to 4.6% after the US interest rate meeting last week, and raised it to 4.8% today. And 12 months and 6 months are on hold.
Fubon Bank also raised the annual interest rate of the 3-month deposit period from 4.6% to 4.8% today, and the minimum deposit amount is 1 million yuan in new funds/exchange funds.
Earlier, the Bank of East Asia also only increased the deposit period of 6 months to a maximum of 4.8%, and the other deposit periods remained unchanged.
In fact, HSBC also increased the 3-month deposit period to a maximum of 4.6%, which is higher than the 4.3% for 6-month and 12-month deposits, and rarely did not increase the 12-month deposit period. After HSBC increased deposit interest rates for one week and one month at the beginning of last week, the local big bank seems to be holding a wait-and-see attitude towards the long-term interest rate environment, and instead concentrates on short-term funds.
A spokesman for HSBC pointed out that the adjustment of deposit interest is taking into account changes in interest rates and market conditions, and the bank will closely monitor market conditions and adjust interest rates in a timely manner.
“Short plus long minus”: OCBC Wing Hang, PAOB, Bank of Communications, Citigroup
Some banks have reduced long-term interest rates and increased short-term interest rates. For example, OCBC Wing Hang has withdrawn the 12-month high interest rate of 5% and reduced it to 4.8%; but at the same time increased the 3-month deposit period to 5%.
PAOB cut the 9-month deposit period to 1.5%, and slightly increased the 3-month deposit period to 4.4%;
Bank of Communications Hong Kong is “short plus long minus”, the 12-month annual interest rate was reduced to a maximum of 4.7%, and the 6-month deposit period was originally increased to 5% yesterday, and then reduced to 4.85%. The 3-month deposit period is increased to a maximum of 4.9%.
Citigroup has significantly increased the 3-month fixed annual interest rate of Hong Kong dollars and US dollars. This special offer for new customers of Citigroup’s private client business / Citigold account, the annual interest rates of 3-month deposits, US dollars and Hong Kong dollars have been increased to 5.28% and 4.88% respectively. At the same time, the annual interest rate of its 12-month and 6-month deposit periods is lower than that of its peers.
bank raising rates across the board
There are also individual banks that raised interest rates across the board. For example, ICBC (Asia) recently rushed to the 5% level. The bank’s Hong Kong dollar time deposit offers two discounts. The first one is that the annual interest rate increases in stages, and the last 60 days will have an annual interest rate of 6.1%. Another discount is 5% annual interest rate for 12 months, but the initial deposit amount reaches 10 million yuan, which can be described as the highest initial deposit threshold in the city.
DBS is increased to a maximum of 4.7%, the deposit period is 12 months, and the 6-month and 3-month deposit periods are also raised to 4.7% and 4% respectively.
Written by: Liao Yiran
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