Entering October, at least 6 banks have increased deposit interest rates. The latest ICBC (Asia) has increased the three-month deposit period to 4.9%, approaching the 5% mark. The deposit amount has increased from 100,000 yuan to a maximum of 800,000 yuan, which means that it can collect interest in one quarter. Up to 9800 yuan. This is a branch new fund discount for new customers. The requirements for this “new customer” are not high, because they do not need a high-end financial account, and a general comprehensive account is also acceptable.
In the latest October, Bank of East Asia removed the 4-month deposit at 4.88%, but increased the 3-month deposit period to 4.88%, which is applicable to new SupremeGold customers or new SupremeGold private banking customers.
Bank of Communications Hong Kong has increased the three-month deposit period to 4.7%, which is applicable to designated customers’ new online funds of NT$1 million; general customers, with a minimum deposit of NT$20,000, also have 4.4%.
Virtual Bank Huili Bank has increased the 24-month deposit term to 4.6%, which is the highest in the city for a 2-year term. The interest rates for 18-month and 12-month deposit terms are also increased, to 4.5% and 4.4% respectively, both of which are the highest among virtual silver.
Overseas Chinese Bank has increased both the 9-month and 6-month deposit terms to 4.5%, with the 9-month deposit term being the highest in the city. However, the bank reduced the annual interest rate for 12-month deposits from 4.4% to 4%.
Also raising interest rates is Nanyang Commercial Bank, which has increased the 12-month deposit period to a maximum of 4.2%, but it requires new funds from selected Nanyang Financial Management customers.
Many banks offer higher interest rates than green bonds
After the 4.75% green bond closed for subscription, many banks increased deposit interest rates, some of which were higher than green bonds!
Last week, Fubon increased the 12-month, 6-month and 3-month deposit terms to 4.8%, a new high after falling below 5% earlier this year. The three-month deposit period for new CCB Asia customers is as high as 4.8%.
There are also 3 banks with highs of 4.7%. In addition to the above-mentioned Bank of Communications Hong Kong, Ping An OneConnect’s 4-month deposit period is 4.7%; Chong Hing Bank’s 3-month deposit period for new customers has recently increased from 4.1% to 4.7%. cents, applicable to deposits of NT$500,000.
The following introduces a variety of high-interest options with interest rates of 4.5% or above, with a minimum4 banks reached 4.8% or above︰
ICBC (Asia) 4.9%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.9%, 3 months, 100,000 yuan to 800,000 yuan, new customer branch, new funds
CNCBI 4.88% (expired)Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.88%, 3 months, 2 million yuan, new branch funds
East Asia 4.88%Annual interest rate, minimum deposit amount, other requirements: 4.88% for 3 months, 100,000 yuan for the new “Supreme Financial”; new “Supreme Private Financial” customers need a minimum deposit of 2 million yuan
Fubon 4.8%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.8%, 12, 6 and 3 months, 500,000 yuan new mobile banking funds
CCB Asia 4.8%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.8% for 3 months, NT$5 million for new “VIP Financial Management” customers
Bank of Communications Hong Kong 4.7%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.7%, 3 months, 1 million yuan, new online funds from Tongda Private Wealth, Tongda Financial Management or Bank of Communications Financial Management
Ping An OneConnect 4.7%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.7%, 4 months, 100 yuan, virtual bank, electronic channels only
Sosho Bank 4.7 rinAnnual interest rate, deposit period, minimum deposit amount, other requirements: 4.7%, 3 months, 500,000 yuan, new customers complete designated projects
Public Bank 4.6%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.6%, 6 months, 500,000 yuan new mobile banking funds
Huili Bank 4.6 rinAnnual interest rate, deposit period, minimum deposit amount, other requirements are 4.6% for 24 months, 10 yuan for virtual banks, only electronic channels are 4.5% for 18 months
Overseas Chinese Bank 4.5 rinAnnual interest rate, deposit period, minimum deposit amount, other requirements: 4.5% for 9 months, 6 months, 100,000 yuan, new funds for Hongfu Financial Management customers
HSBC 4.5%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.5%, 6 months, 10,000 yuan, new funds from Shangyu or Premier Financial Management customers
BOCHK 4.5%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.5%, 6 months, 10,000 yuan, new online funds for individual customers
Hang Seng Bank 4.5%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.5%, 6 months, 10,000 yuan, comprehensive customer online new funds
Fuyu Bank 4.5 rinAnnual interest rate, deposit period, minimum deposit amount, other requirements: 4.5% for 6 months, no minimum deposit amount, virtual bank, only electronic channels
Many of the above-mentioned high interest rates require large deposit requirements, while HSBC, BOC Hong Kong and Hang Seng have relatively low deposit requirements. Virtual banks are also gradually raising interest rates again. For example, Ping An OneConnect Bank’s 4-month deposit period has reached 4.7%; Fulong Bank has increased the deposit interest rate for two consecutive days, raising it to 4.5% in 6 months, which is in line with the note-issuing bank. There is no minimum deposit required.
In fact, Huili’s Hong Kong dollar time deposit has recently returned to the 4.6% level, which has a long-term deposit period of 24 months. Let’s take a look at the comparison of virtual bank fixed deposits:
Bank 24-month annual interest rate 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Minimum deposit amount (Hong Kong dollars) Ping An OneConnect/3.7% 3.7%4.7 centimeters (4 months)100 yuan Huili4.6 centimeters4.4 centimeters3.2% 3.0% 10 Yuan Fulong/4.0%4.5 centimeters4.3 centimetersNo minimum deposit Mox Bank 3.8% 4.0% 3.8% 2.0% Taking into account the additional annual interest rate for new funds Tianxing/3.1% 3.1% 4.0% 1,000 yuan livibank/3.4% 3.0% 2.5% 200,000 yuan Zhongan/3.01 2.51% 2.21% 1 yuan
The last update date of this article: October 4, 2023
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2023-10-03 23:17:41
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