2024-02-21 07:06:16
▲ What is the best annual interest rate for Hong Kong dollar time deposits? The annual interest rate for new funds is as high as 6%, and the annual interest rate for existing funds is 4.5%. This article details these high-interest options one by one.
- If you are afraid of the ups and downs of the stock market and want to earn stable interest rates? At present, there are still a large number of Hong Kong dollar fixed deposits with high interest rates of 4%.
- Up to 6% for new customers and 4.6% for new funds for existing customers，Existing funds 4.5%。
- US dollar time deposits have hit a new high of 5.58% recently, and many deposit terms still have an annual interest rate of 5%.
The picture shows the highest annual interest rate options for different deposit periods:
▼Click on the image to enlarge
Hong Kong dollar time deposits have a high interest rate of 6%? Although high-interest offers are attractive at first glance, they are mainly designed to attract new customers. For example, ICBC Asia’s 6% offer, Citibank’s 5% offer, etc., and CCB Asia’s 4.88% offer are all exclusive offers for new customers.
As for existing customers? Although the discount is as high as 4.6%, it is a new fund discount.
The following is an introduction to you with the highest interest ratesFixed deposit of existing fundsdespite the wave of interest rate cuts, there is still a maximum of 4.5%, which is very competitive:
Hong Kong dollar existing funding discount
Current funds─4% for 12 months
The United States has the opportunity to cut interest rates this year, and Hong Kong’s interest rates are also expected to fall. Currently, many 12-month Hong Kong dollar fixed deposits have fallen below 4%. The only bank with existing funds that can maintain 4% is China Merchants Wing Lung, but the threshold is extremely high and requires With a minimum deposit of 5 million yuan and opening it through mobile banking, large accounts can earn up to 200,000 yuan in interest per year.
If the minimum deposit amount is reduced to 500,000 yuan, the interest rate will be 3.9%. Although it is less than 4%, it is still a higher interest rate option at present.
Most banks have retreated to 3.8%. For example, virtual banks Ping An OneConnect and Huili have 3.8% for deposits of less than 10,000 yuan. Bank of Communications Hong Kong’s existing electronic channels also have 3.75% for 12 months, and 20,000 yuan. Yuan Qixun. DBS Bank deposits starting from NT$50,000 are 3.7%.
Current funds─ 4.25% for 6 months
For existing funds with a six-month deposit period, the highest interest rate is 4.25% for CMB Wing Lung’s 5 million yuan. NCB and CNCBI both have 4.2%, but both require financial management customers.
Want to lower the threshold? You can pay attention to Bank of Communications Hong Kong and DBS Bank. The minimum deposit amount is less than 100,000 yuan, which is 4.05% and 4% respectively. ICBC (Asia) has a minimum deposit of NT$50,000, with 4% interest.
Some virtual banks have low minimum deposits and do not require new funds. For example, Fulong Bank has a 6-month deposit period of 4% and no minimum deposit.
Existing funds─3 months 4.5%
The interest rates for existing funds with a three-month deposit period will be raised this week. One bank recently bucked the trend and raised interest rates to 4.5%.
Fubon Bank’s new funding discount is increased to 4.6%, and the existing funding discount is increased to 4.5%. But it requires a minimum deposit of 1 million yuan. If you meet the threshold, you can quickly earn $11,250 in a quarter.
Chong Hing Bank’s “Cloud Interest Rate” starts with a deposit of NT$500,000. The annual interest rate is 4.4% for 3 months, and you can quickly earn $5,500 in a quarter. If the minimum deposit is 5,000 yuan, the deposit is 4.25%, which is also a relatively high level.
Virtual banks continue to deserve attention, with existing funds with a three-month deposit period of 4.1% for Fulong and 4% for Ping An OneConnect.
Other banks are focused on grabbing large amounts of principal. For example, Nanshan Commercial Bank, China Merchants Wing Lung, etc. all have annual interest rates higher than 4%, but the minimum deposit amount starts at one million yuan.
New customers’ new funds are up to 6%
As for new funds, although banks have cut interest rates recently, they still have options of 5%, with a three-month deposit period. The 12-month and 6-month deposit periods fell significantly, falling back to 4% and 4.6% respectively. Details of the new funding are as follows:
Hong Kong Dollar New Fund Offer
If you want to doNew Funding Offerand due to limited funds, consider“How to Make Your Own New Funds”see details:Earn the magic weapon of high-interest fixed deposit to make your own new funds. You must know it.
Editor in charge: Liao Yiran
The last update date of this article: February 21, 2024
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