“Find the Highest Deposit Interest Rates in Hong Kong Banks: Updated List and Comparison”

Today, Ping An OneConnect, a virtual bank, joined the battle group and adjusted the deposit interest on the whole line; and CCB Asia also raised the deposit interest for 3 months in a few days; The deposit period is increased to 3.7%, which is currently the highest annual interest rate on existing funds. In the past two weeks, about 8 banks have added Hong Kong dollar deposit interest, covering different deposit periods. Let’s take a look at the picture below:

Recently increased savings bank

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In the second ten days of April, banks generally review the interest rate of fixed deposits every day, and some banks have set a preferential period. The following high-interest deposits are all due at the end of April. The maximum foreign currency short-term deposit is 13%, and there are also Hang Seng The 6.9% high-interest savings deposit of OCBC Wing Hang and the 4.18% Hong Kong dollar time deposit of OCBC Wing Hang are all listed in the following figure:

High interest deposit due this month

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OCBC Wing Hang’s 4% deposit interest is the most eye-catching. The deposit period is 6 months, and the annual interest rate is as high as 4.18%.

This offer is limited to “OCBC Wing Hang Premier Wealth Management”, and the new capital must be 1 million yuan or more. The basic annual interest rate for the 6-month deposit period is 3.58%, and there is an extra cash reward of 3,000 yuan, which is equivalent to an additional preferential annual interest rate of 0.6%. , the total is 4.18%.It should be noted that the extra 0.6% is issued in the form of rewards.It will be deposited into the Hong Kong dollar deposit account of eligible customers on or before December 31, 2023. That is, if it is opened now, it will be 3.58% when it expires at the end of October, and an additional 0.6% will be credited before the end of December.

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ICBC (Asia)’s 3.8% for 3 months is also very attractive, and the minimum deposit threshold is not high. Although it is only for new customers, everyone from the higher-end “Elite Club” to general integrated accounts can enjoy this discount.

In terms of short-term deposits, in addition to Standard Chartered’s one-week 13% foreign exchange time deposit, DBS’s one-week 10% is also due at the end of this month.

Great ratio of new and old funds

Banks are scrambling for new funds, and the gap between old and new funds is getting farther and farther. For example, with a 6-month deposit period, the new fund has a 4.18% discount, and the existing fund has a maximum of 3.6%. 3.6 per cent. The following is the comparison of old and new funds with different deposit periods in Hong Kong dollars. Don’t forget to read the “Highest Interest Rate Selection for Different Deposit Periods” at the end, and the US dollar deposits are up to 5.03%!

HKD New Fund Offer

HKD Existing Fund Offer

Choice of the highest interest rate for different deposit periods

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Date this article was last updated: April 26, 2023

Written by: Liao Yiran

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