▲ This week, at least 10 banks followed HSBC in increasing deposit interest rates, and some banks exceeded the high of 5%. Nanyang Commercial Bank increased the three-month deposit interest rate for selected financial customers to 5.05%, becoming a new high in the city for Hong Kong dollar time deposits. Many other deposit terms have reached new highs in recent days, such as 9-month and 4-month deposit terms, both reaching a high of 4.65%.
Banks are preparing for the year-end in advance. HSBC increased the three-month deposit interest rate to 4.5% this month. This opened a Pandora’s box. More than 10 banks subsequently increased deposit interest rates, and some banks exceeded the high of 5%. Nanyang Commercial Bank has increased the three-month deposit interest rate for selected financial management customers to 5.05%, making it a new high for Hong Kong dollar time deposits in the city.
This week has just begun. Today alone, Ping An OneConnect Bank has increased the 6-month deposit term to 4.5%, Shang Shang has increased the 3-month deposit term to 4.53%, and Skystar Bank has increased all deposit terms to 4.5%. 4 centimeters or more.
Multiple deposit periods hit new highs
In addition to the 3-month deposit period, many deposit terms have reached new highs in the city. For example, the 3-month deposit interest rate for new customers of Chong Hing Bank is 5%, and the existing customers also have 4.8%, which is the highest interest rate among existing funds; Overseas Chinese The bank’s 9-month deposit period has been increased to 4.65%, the highest in the city; Public Bank has increased the 6-month deposit period to 4.8%, which is in line with Fubon, and is the highest in the city; DBS has increased the 4-month deposit period to 4.8%. 4.65 centimeters, the highest in the city.
Recently increased deposit interest bankBank Annual Interest Rate Deposit Period Minimum Deposit Amount Remarks Nanyang Commercial Bank5.05 centimeters3 months1 million yuan in new funds for selected NCB Financial Management customers4.8 centimeters6 months4.7% in 12 months Chong Hing Bank 5% in 3 months 500,000 new customers completed designated projects 4.8% existing customers, existing funds Public Bank4.8 centimeters6 monthsNT$500,000 new funds from mobile banking 4.7% in 3 months Bank of Communications Hong Kong 4.8% in 3 months NT$1 million new funds from designated financial customers online OCBC Bank4.65 centimeters9 months100,000 yuan of new funds for Hongfu Financial Management customers in 6 months DBS Bank4.65 centimeters4 months50,000 yuan of new funds for online/mobile banking Shanghai Commercial Bank 4.53% for 3 months 1,000 yuan for online/mobile banking opening Ping An OneConnect 4.5% for 12 months, 100 yuan for 6 months Virtual banking, only electronic channels BOC Hong Kong 4.5% NT$10,000 new funds online/mobile banking in 3 months Hang Seng Bank NT$4.5% Integrated account NT$10,000 online in 3 months Standard Chartered NT$4.5% NT$10,000 online new funds in 3 months Skystar Bank NT$4.5% NT$1,000 virtual in 3 months Banks, electronic channels only
Nanyang Commercial Bank’s 5.05% interest rate makes it the highest Hong Kong dollar deposit interest rate in the city, but the minimum deposit is NT$1 million, and it is only available to selected Nanyang Financial Management customers with selected occupations (such as medical personnel, tertiary education personnel, etc. ), Hong Kong floating customers or mainland customers, etc. can be opened.
Virtual bank hits new high of 4.7%
Many of the above-mentioned high interest rates require large deposits, and even virtual banks are competing for large deposits. Livibank’s 200,000 yuan new fund discount has a 6-month deposit period of 4.7%, which is the highest for virtual silver, and the 3-month deposit period also reaches 4.6%.
Low thresholds can also be used for real and virtual silver. For example, Fulong Bank has 4.6% for 6 months, Huili has 4.6% for 24-month long-term deposits, and Ping An OneConnect has 12 months, 6 months and 4 months. 4.5%. The time deposit thresholds of these three virtual banks are very low, and existing funds can also be opened.
Skystar Bank also raised interest rates this week, from 2 months to 12 months, all deposit terms are 4%, and 3 months is 4.5%, which is competitive.
Virtual Bank Fixed Deposit Contest and MergerBank 24-month annual interest rate 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Minimum deposit amount (HKD) livibank 3.4%4.7 centimeters4.6 centimeters200,000 yuan in new capital required for 6 months and 3 months, Fulong/4.5 centimeters4.6% 4.4% No minimum deposit required4.6 centimeters4.4% 3.2% 4.5% 10 yuan Ping An One Connect/4.5 centimeters4.5% 4.5% (4 months) 100 yuan Tianxing 4.05% 4.0% 4.5% 1000 yuan Mox Bank 3.8% 4.1% 4.3% 2.0% Taking into account the additional annual interest rate of new funds Zhongan/3.01% 2.51% 3.65% ( 4 months) 1 yuan
Entering October, many banks have increased deposit interest rates. At least 7 banks have increased deposit interest rates to 4.8% or above, which is higher than the guaranteed interest rate of green bonds:
7 banks 4.8% or aboveBank Annual Interest Rate Deposit Period Minimum Deposit Amount Remarks Nanyang Commercial Bank 5.05% for 3 months NT$1 million New funds for selected Nanyang Financial Management customers 4.8% 6 months Chong Hing Bank 5%
(Expired on October 31) New customers with 500,000 yuan in 3 months completed designated projects 4.8% Existing customers in 3 months, existing funds Citibank 5%
(Expired on October 28) New customers with private client business accounts worth RMB 50,000 in 3 months
And hold the designated product balance ICBC (Asia) 4.9%
(Expired on October 31) Branch new funds for new customers with 100,000 yuan in 3 months Bank of East Asia 4.88%
(Expired on December 31) New SupremeGold customer Fubon Bank with NT$100,000 for 3 months 4.8% for 12 months,
6 months,
500,000 yuan new mobile banking funds in 3 months. Bank of Communications Hong Kong 4.8%. 1 million yuan in 3 months. Online new funds for Tongda Private Wealth, Tongda Financial Management or Bank of Communications Financial Management.
More than 4.5% higher interest rate than HSBC Hang Seng
The 3-month and 6-month deposit terms of HSBC, BOCHK, Standard Chartered and Hang Seng have all been increased to 4.5%, making 4.5% the basis. Currently, the maximum interest rate on deposits of many banks is 4.5% or above. In addition to the 5% high interest rate listed above, there are also the following:
ICBC (Asia) 98 days 4.7%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.7%, 98 days, 3 million yuan, new funds from wealth management client branch, 4.6%, 800,000 yuan
DBS Bank 4.7%Annual interest rate Deposit period Minimum deposit amount Other requirements 4.7% 6 months 50,000 yuan Online/mobile banking New funds 4.65% 4 months 4.6% 3 months
Bank of Communications Hong Kong 4.6%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.6% for 6 months, 20,000 yuan for electronic opening, both old and new funds are available: 4.5% for 3 months
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, 3 months
Fuyu Bank 4.6 rinAnnual interest rate deposit period, minimum deposit amount, other requirements: 4.6% for 6 months, no minimum deposit amount for virtual banks, only electronic channels, 4.5% for 12 months
Shangshang 4.53%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.53%, 1,000 yuan for 3 months, open online/mobile financial management
Ping An OneConnect 4.5%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.5% for 12 months, 100 yuan for 4 months, virtual bank, electronic channels only
Dah Sing Bank 4.5%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.5%, 6 months, 100,000-500,000 yuan, new VIP customer branch, new funds
China Merchants Wing Lung 4.5%Annual interest rate, deposit period, minimum deposit amount, other requirements: 4.5%, 3 months, 5 million yuan, mobile banking opening
The last update date of this article: October 24, 2023
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2023-10-24 11:12:32
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