▲ For a time deposit of RMB 100,000 in principal, the 3-month deposit period is as high as 6%, which is a new customer offer of ICBC (Asia). Maximum 4.35% for 6 months, provided by OCBC Bank.
U.S. interest rates are expected to remain high. Although Hong Kong dollar time deposits have been on a wave of interest rate cuts recently, some banks have bucked the trend and raised interest rates. The minimum threshold for deposits is NT$1,000, and the savings for a three-month deposit period are astonishingly high at 6%!
Many time deposit discounts have high thresholds, but if the principal is only NT$100,000, there are many high-interest options:
- With a principal of NT$100,000 and a 3-month deposit term of up to 6%, it is a brand new customer benefit of ICBC (Asia).
- The 6-month deposit period is up to 4.35%. It is not limited to financial customers. The refund of AA bonds can also be issued, and the half-year interest rate is nearly $2,200.
- The maximum 12-month deposit period is 4.05%, and only 2 of them have 4%.
The following two simple tables are divided into new and old funds, both based on a principal of 100,000 yuan. Table 1 is the discount for new funds, and Table 2 is for both old and new funds.
Table 1: Annual interest rate of new funds (deposit amount: 100,000 yuan)Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate remarks ICBC (Asia) 3.7% 4.15%
(188 days)6.0 centimeters6% is required for new customers Citibank 3.18% 3.47% 5.0% 5% is required for new private client business accounts OCBC 3.8%4.35 centimeters4.5% New Funds/AA Bond Refunds for Premier Wealth Management customers Bank of East Asia 4.0% 4.3% 4.5% New Supreme Gold Customers CNCBI International4.05 centimeters4.25% 4.25% CITICdiamond customers mobile new funds Nanyang Commercial Bank 3.95% 4.2% 4.3% Personal customers new funds Dah Sing Bank/4.0% 4.3% New VIP customers new funds DBS Bank 3.85% 4.2% 4.15% Online/mobile banking new funds Public Bank 3.85% 4.05% 4.15% Mobile Banking New Funds Mox Bank 3.4% 4.0% 2.0% Virtual Bank, e-channel only Standard Chartered Bank 3.4% 3.9% 4.0% Online New Funds BOC Hong Kong 3.4% 3.7% 3.8% Online or Mobile Banking New Funds HSBC/3.7% 3.8% Premier Premier or Premier customers,
Other customers 0.3% lower Hang Seng Bank/3.7% 3.8% online new funds
Table 2: Annual interest rate of existing funds (deposit amount: 100,000 yuan)Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Notes Chong Hing Bank 2.7% 3.1%4.25 centimetersOnline Banking/Mobile Banking CNCBI3.95 centimeters4.2 centimeters4.2% CITICdiamond customer mobile opening Nanyang Commercial Bank 3.85% 4.1% 4.2% Online/Mobile Banking Existing Funds Bank of Communications Hong Kong 3.8%4.2 centimeters4.1% Individual customers open Ping An OneConnect 3.8% 3.8% 4.2% virtual banking through electronic channels. Only electronic channels are available for DBS Bank 3.8% 4.15% 4.1% Online/Mobile Banking and existing funds. Star Bank 3.8% 4.1% 4.1% Virtual Banks, only electronic channels Fulong Bank 3.5% 4.1% 4.1% virtual bank, only electronic channels ICBC (Asia) 3.7% 4.0% 4.1% Individual customers can open online or mobile banking CMB Wing Lung 3.8% 4.05% 4.05% mobile banking Bank of East Asia 3.6% 3.9% 4.05% Supreme or SupremeGold customers’ existing funds Public Bank 3.65% 3.85% 3.95% Existing funds Open Huili Bank 3.8% 3.8% 3.8% Virtual bank, electronic channel only
Open a Hong Kong dollar time deposit with 100,000 yuan of new funds, and the high interest rate is mainly to attract new customers, like ICBC (Asia)’s 6% for 3 months, with a minimum deposit of 1,000 yuan and a maximum deposit of 100,000 yuan, which is an “e-account opening” The offer is for new personal customers to open via mobile banking “e-time deposit”.
If you open a general integrated account at a branch, ICBC (Asia) also offers a three-month interest rate of 4.7%. Although the annual interest rate is lower, the deposit limit is NT$800,000, and the actual interest earned is more.
As for Citi’s new private client business account (asset value of NT$8 million) discount, 5% for 3 months will continue to be available in February.
If they are not new customers, existing customers still have a maximum of 4.5%, which is a discount offered by OCBC Bank. They originally need to be designated financial management customers, but recently there is a refund discount for AA bonds, and related refunds can also be issued.
Oversea-Chinese Bank has the same offer, with a six-month deposit term of 4.35%, which is also the highest interest rate among the principal of $100,000. The half-year interest rate is about $2,200.
If you want to simply open one with existing funds, you can pay attention to Chong Hing Bank. The 3-month deposit term is 4.25%, and the minimum deposit is only NT$5,000.
The current funds with a six-month deposit period are the highest at 4.2% for CNCBI and BoCom Hong Kong. The former requires a financial management customer, while the latter does not require a financial management customer.
The last update date of this article: February 8, 2024
Editor in charge: Liao Yiran
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2024-02-08 16:08:24
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