Entering July, although the half-year end has passed, the time deposit has reached a high level again. Although Fubon withdrew the 3-month 4.5% discount, OCBC Bank (formerly known as OCBC Wing Hang) extended the 388-day deposit discount and increased it to 4.5%. The deposit threshold has been lowered from 200,000 yuan to 100,000 yuan.
The bank’s 6-month deposit period also increased to 4.25%, which is also a top-breaking level.
Yesterday (July 4th), Nanyang Commercial Bank also raised interest rates, and 4.3% in three months is a high level in the market.
The city-wide highest interest rate of 20% for CCB Asia and 4.4% for new customers of Bank of East Asia will continue until the end of September. Take a look at the table below:
July high-interest fixed deposit offer
OCBC breaks 4.5% top
Bank Deposit period Annual interest rate Admission fee OCBC Bank 388 days 4.5% 100,000 yuan (designated wealth management customers); 500,000 yuan (general personal customers) 288 days 4.35% 6 months 4.25%
Nanyang Commercial Bank adds up to 4.5% bank deposit period annual interest rate admission fee Nanyang Commercial Bank 218 days 4.08% (expired) 1 million yuan 3 months 4.3% (newly launched) 1 million yuan (designated wealth management customers) 6 months 4.15% (Newly launched) 4.0% for 12 months (Newly launched)
CCB Asia extended 20%
Bank Deposit period Annual interest rate Admission fee CCB Asia 1 week 20% (continuation) 500,000 yuan 3 months 4.4% (continuation) 1 million yuan (new customer) 1 month 3.5% (continuation)
Bank of East Asia extends 4.4%
Bank Deposit Period Annual Interest Rate Entry Fee Bank of East Asia 3 months 4.4% (continuation) 2 million yuan (new customer) 6 months 4.2% (continuation) 12 months 4.0% (continuation)
Fubon’s 4.5% high interest rate has expired
Bank Deposit Period Annual Interest Rate Admission Fee
Chong Hing 4.4% high interest rate off the shelves
Bank Deposit period Annual interest rate Admission fee Chong Hing 3 months 4.4% (due) 3 million yuan 3 months 4.2% (new customer) 500,000 yuan
Overseas Chinese Bank 4.5 cents︰For the new fund discount for Hongfu wealth management customers, the 388-day deposit period is increased from 4.38% to 4.5%, and the minimum deposit threshold is reduced to 100,000 yuan; the 288-day and 6-month deposit periods are also increased to 4.35% and 4.25% respectively. For ordinary customers, deposits of 500,000 yuan can also have the same annual interest rate. With a minimum deposit of 500,000 yuan, you can earn about 23,900 yuan in interest in 388 days, and you can also receive about 10,600 yuan in interest in 6 months.
East Asia 2 million 4.4%:Bank of East Asia’s new Supreme Prime private wealth management customers, and deposit at least 2 million new funds, 4.4% for 3-month deposit period, and 4.2% for 6-month deposit. If you want to lower the threshold, if you are a new Supreme Financial customer or SupremeGold customer, with a minimum deposit of 20,000 yuan or 500,000 yuan, you will get 4.35% for 3 months.
CCB Asia 4.4%:CCB Asia’s new/upgraded customers open “VIP Jinyu” and “VIP Wealth Management” with a new fund of 1 million yuan, and the 3-month deposit period is 4.4%. If it is the new funds of the above-mentioned existing wealth management customers, depositing 1 million yuan, there will be 4.3% in 3 months.
Chong Hing 3 months 4.2%:Chong Hing accepts a discount of 4.4% for 3 months, and the current highest is 4.2%, which is a discount for new customers; existing customers open through electronic channels, regardless of new and old funds, 500,000 yuan, deposit for 3 months, 4.15%, $5000 There is also 4 per cent in yuan deposit.
Fubon 4.1%:Fubon has closed the discount of 4.5% for 3 months, and the current highest interest rate is 4.1%. The discount for new funds in mobile banking, with a minimum deposit of 500,000 yuan, is 4.1% for 12 months, 6 months and 3 months.
Other 4% option
Excluding the 5% high interest rate discounts given to selected customers by major banks such as HSBC, the current deposit period of 3 months or more is the highest at 4.5% for OCBC Wing Hang, followed by 4.4% for CCB Asia and Bank of East Asia. And, the following is an inventory of other 4% options.
Other members of the “4% Club” (only with a deposit period of 3 months or above)
Bank Deposit period Annual interest rate Admission fee ICBC (Asia) 98 days 4.2% 3 million yuan
(4% for 100,000 yuan) 188 days 4.1% 3 million yuan
(800,000 yuan 4%) CNCBI 6 months, 3 months 4.1% 10,000 yuan China Merchants Wing Lung 9 months, 6 months, 3 months 4.1% 500,000 yuan Bank of Communications Hong Kong 3 months 4.1% 1 million Yuan Ding Zhan 12 months, 6 months 4.05% 50,000 yuan 4 months, 3 months 4.0% Citigroup 3 months 4.0% 1 million yuan (new customers) Chiyu 3 months 4.0% 1 million yuan Public Bank 12 Month, 6 months, 3 months 4.0% 500,000 yuan
ICBC (Asia) 4.2%:ICBC (Asia) has a 98-day deposit period of 4.2%, with a minimum deposit of 3 million yuan, but also 4.1% for a minimum deposit of 800,000 yuan, and 4% for a minimum deposit of 100,000 yuan.
CNCBI 4.1%:CNCBI has a low threshold of 4%, with a deposit period of 3 months or 6 months, and 4.1% for new funds of 10,000 yuan, which need to be opened in mobile banking.
China Merchants Wing Lung 4.1%:China Merchants Wing Lung has a 9-month, 6-month and 3-month deposit period of 4.1%, with a minimum deposit of 500,000 yuan, and a minimum deposit of 10,000 yuan is also 4.05%.
Bank of Communications Hong Kong 4.1%:Bank of Communications Hong Kong’s designated wealth management account has a deposit amount of 1 million yuan, a 3-month deposit period of 4.1%, and a quarterly earning interest of more than 10,000 yuan; and general personal customers, the minimum deposit of 20,000 yuan is also increased to 3.8%.
DBS 4.05%:DBS Bank’s latest 12-month and 6-month deposit interest rate is 4.05%, and the latest 4-month and 3-month deposit interest rate is also increased to 4%. A new fund of 50,000 yuan is enough, and it needs to be opened online.
Shuyu Bank 4 Rin:Branches are opened with new funds, over 1 million yuan, 4% for a 3-month deposit period.
Citigroup has a high threshold of 4%:Citigroup’s 3-month 4%, although the initial deposit amount is only 50,000 yuan, but you need to be a new customer of Citigold and hold a designated product balance, the actual threshold is not low.
Public Bank 4%:Existing funds are also available, 12 months, 6 months and 3 months, 4% for deposits of 500,000 yuan.
Low threshold 4% choice
Recently, the low threshold of 4% has gradually increased, and the highest is still in East Asia. Newly designated account customers start at 4.15% for deposits starting from 20,000 yuan. After DBS increases deposit interest, deposits starting at 50,000 yuan will be 4.05%, and deposit periods of 4 months and 3 months will also be increased to 4%; China Merchants Wing Lung deposits starting at 10,000 yuan, and deposits will be 4.05% for 3 to 9 months:
4% option with low threshold
Bank admission fee Annual interest rate Deposit period East Asia 20,000 yuan (new customer) 4.15% 3 months 4.05% 6 months CNCBI 10,000 yuan 4.1% 6 months, 3 months China Merchants Wing Lung 10,000 yuan 4.05% 9 months , 6 months, 3 months DBS 50,000 yuan 4.05% 12 months, 6 months 4.0% 4 months, 3 months Chuangxing 5,000 yuan (new and old funds are acceptable) 4.0% 3 months
CCB earns 2000 yuan a week at 20%
In terms of welcome offers, CCB Asia is the most exaggerated, with a time deposit annual interest rate as high as 20%! The initial deposit amount is 500,000 yuan, and the deposit period is 1 week. You can earn about 1,918 yuan in 1 week in Hong Kong dollars, US dollars or RMB. But it is not easy to earn high interest rates, this offer has the following conditions:
To be a new CCB Asia “VIP Select” or “VIP Banking” customer, the average daily balance of the two accounts must be HKD 5 million and HKD 1 million respectively. Required to subscribe for designated investment products, such as funds, bonds or structured stock-linked fishing products.Subscription products must reach HK$500,000 or above
In other words, the threshold for earning this discount is 1 million yuan, because you must deposit at least 1 million yuan of new funds to become a new CCB Asia customer, and then invest at least 500,000 yuan in products to open the same 500,000 yuan 20% time deposit.
DBS 10% earn nearly 1,000 yuan a week
DBS Bank will renew the 10% higher interest rate in July, but the threshold is not low. You need to be a wealth management customer and subscribe to designated investment products at the same time. If the deposit amount of 500,000 yuan is calculated, 10% a week can make a quick profit of about 960 yuan.
Note-issuing banks join the battle
The three major note-issuing banks participated in the time deposit rate increase war, HSBC up to 5%, Bank of China Hong Kong and Standard Chartered Bank both exceeded 4%, but they are only limited to selected customers or designated wealth management customers:
Discounts for Selected Customers of Major Banks
Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Initial deposit HSBC 4.91% 4.97% 5.0% 500,000 yuan Standard Chartered / 4.4% 4.4% 100,000 yuan Bank of China Hong Kong 4.0% 4.1% 4.1% 10,000 yuan
However, the above are only for selected customers. If no invitation is received, the prices for general customers of the three major note-issuing banks are as follows:
Discounts for non-selected customers of major banks
Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Initial deposit HSBC / 3.4% 3.3% 10,000 yuan Standard Chartered 3.4% 3.4% 3.3% 10,000 yuan Bank of China Hong Kong 3.4% 3.4% 3.3% 10,000 yuan
If you are not a selected customer, the fixed deposit discounts of large banks are not as good as other banks.
Date this article was last updated: July 5, 2023
want to know more abouthigh interest products︰
[High Dividend Stocks]Swire Special Dividend $4,060 per lot 14 stocks above 5% selected, the fastest ex-net on July 3
The top 10 high-yield funds pay monthly dividends up to 11% and 5 of them earn interest and value this year (updated in June 2023)
【High-interest savings】Short-term high-interest products have a large ratio and earn 4.5% a year
[High Dividend Stocks]10.6% daily ex-dividend, today is the last chance? (Details of 6 high-dividend telecom stocks are attached)
Bianjian bank has the highest deposit interest, what are the terms and conditions?immediatelyDownload the Hong Kong Economic Times App for freeinstant feed
Open the hket App to read the full text
2023-07-05 16:31:21
#Fixed #Deposit #2023New #high #days #months #broke #top #latest #fixed #deposit #July #Hong #Kong #Economic #Times #Financial #Management #Interest #Rate #Raiders
