If there is a principal of 500,000 yuan, HSBC will give selected customers a discount of up to 5%, and Standard Chartered and Bank of China Hong Kong will also offer more than 4%, but they are all for selected customers or designated high-end wealth management customers.
But ordinary customers also have high interest rates! Previous article[Ifyouhave100000yuanwouldyouliketodoaregularjob?】Listthelow-thresholdoptionsofmajorbanksThedepositthresholdinthispaperis500,000 yuana longer deposit period of 3 months or more, excluding special offers from large note-issuing banks, up to4.5percent. This article adopts two simple charts, divided by new funds and existing funds, both new and old funds have a high interest rate of 4%!
Is it better to use 500,000 yuan as a fixed term?
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Existing funds earn $20,000 in 1 year
The principal of 500,000 yuan, the existing funds have 5 banks that reach 4%, and the 12-month long-term deposit period, Public Bank and DBS Bank both have 4%, and the annual interest rate is 20,000 yuan.
As for the highest interest rate of existing funds is 4.15%, which belongs to the 3-month deposit period of Chong Hing Bank, which needs to be opened through electronic channels, and the quarterly interest rate is nearly 5,200 yuan.
Halfway through 2023, it’s time to deploy the fat year early:[High-interest fixed deposit]500,000 principal with 4% high interest for half a year to earn round-trip air tickets early deployment for a fat year
Earn about $23,900 on new funds at 4.5%
Among the new funds, OCBC Bank (formerly known as OCBC Wing Hang) has the highest long-term interest rate of 4.5%, but please note that the deposit period is 388 days, that is, readers have to lock up the funds for more than one year. If it is opened with a principal of 500,000 yuan, the full-term interest rate will exceed $23,900.
This discount is only limited to the new funds of designated wealth management customers, but for ordinary personal customers, the minimum deposit of 500,000 yuan is also 4.45%, which is also one of the highest levels in the market.
New funds 3 months 4.2%
For new funds with a 3-month deposit period, Nanyang Commercial Bank has as high as 4.2%, and the quarterly interest rate is about $5,250. If the initial deposit amount reaches 1 million yuan, NCB wealth management customers will get 4.3% for 3 months, 4.15% for 6 months, and 4% for 12 months.
Date this article was last updated: July 6, 2023
More high-interest deposits:
How about a time deposit? 4.5% for new funds and up to 4.15% for existing funds, saving you the trouble of moving money (updated on July 6)
[High interest deposit]8% current high interest rate, 4 months average over 4%｜Hang Seng 7.5%, Standard Chartered 5.25%
[Foreign Currency Regular]Earn 6.9% of Japanese Yen and then earn interest (updated in June 2023)
“Regular Boundary Good” Lazy Pack[Check out the good side and whether there is any risk in one go]
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Column name: deposit interest
2023-07-06 13:15:00
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