After HSBC took the lead in raising the 3- and 6-month fixed deposit interest rates for high-end financial customers last Thursday, above the other three major banks, its subsidiary Hang Seng (011) also followed suit, increasing the deposit interest rates for the two periods to 4.7% and 4.7% respectively. 4.6%, on par with HSBC. In addition, Hang Seng also offers a 4-month time deposit option with an interest rate of 4.7%. The bank’s fixed deposit interest discount is not limited to VIP customers, but ordinary customers can also benefit. The minimum deposit is only 10,000 yuan. If you deposit 100,000 yuan, the interest rate will be 1,175 yuan in 3 months and 1,567 yuan in 4 months. Yuan.
Yesterday, Hang Seng’s website showed that the latest 3-month and 4-month Hong Kong dollar fixed deposit interest rates were both 4.7%, while the 6-month fixed deposit interest rate was 4.6%. However, it is understood that the bank had quietly changed the 3-month fixed deposit interest rates as early as the end of last week. And the 6-month deposit interest rate has been increased to the same level as HSBC. Previously, Hang Seng’s 3- and 6-month fixed deposit interest rates were both 4.5%.
The above-mentioned fixed deposit interest discounts of Hang Seng are suitable for all types of financial management customers and comprehensive account customers. They are not exclusive to high-end customers, but they must apply for fixed deposits through online or mobile banking, and the entry amount is NT$10,000 in new funds. If you apply for a time deposit through branches or telephone banking channels, you can enjoy 4.7% interest for a 3- or 4-month deposit period, or 4.6% interest for a 6-month deposit period. Only the most high-end Premium Private Financial Management customers can benefit.
Hang Seng’s fixed deposit interest discount is not limited to VIP customers. General customers can also benefit. The minimum deposit is only NT$10,000. If you deposit NT$100,000, the interest rate will be NT$1,175 for 3 months and NT$1,567 for 4 months.
Judging from the current situation, among the four major banks, the 3- and 6-month fixed deposit interest rates of Bank of China Hong Kong (2388) and Standard Chartered Hong Kong are not attractive enough to HSBC and Hang Seng. In addition, the virtual bank Ping An One Connect Bank (PAOB) also raised the fixed deposit interest rate yesterday, increasing the 4, 6 and 12-month fixed deposit interest rates from the original 4.7% to 4.8%.
Analysts predict the weight may exceed 5% next month
Lin Junhong, director of the research department of Shanghai Commercial Finance Business Department, said that as the year-end next month gets closer, Hong Kong dollar interbank interest rates are expected to rise again, and the one-month interbank interest rate related to housing mortgages may rise to 5.2% or 5.3%. The three-month interbank interest rate may rise to 5.4% or 5.5%, so the fixed deposit interest rate is expected to rise by another 20% to 30% next month. By then, the three-month fixed deposit interest rate may rise to 5% again.
In terms of Hong Kong dollar interest rates, one-month and three-month interest rates were reported at 4.963% and 5.359% respectively yesterday.
—
The latest version of “Sing Tao Toutiao” APP has been launched, please update immediately to browse more exciting content:
2023-11-14 00:55:23
#Time #deposit #strategy #Hang #Seng #HSBC #add #fixed #deposit #interest #months #minimum #deposit #amount #NT10000
