“Low-Threshold, High-Interest Time Deposits: A Guide for Investing 100,000 Yuan”

Overseas Chinese Wing Hang has the highest 4.18% in the city? Bank of East Asia earns 72,000 yuan in one year? The high-interest time deposits of banks are sometimes just attractive titles. The highest annual interest rates they list often have many conditions attached. For example, the above-mentioned OCBC Wing Hang has an entrance fee of 1 million yuan; 3.6%, so 72,000 yuan can be collected in one year.

if with100,000 yuanFor the entrance fee, in fact, there are many high-interest options. Below is a list of about 20 low-threshold options for banks, with two simple charts for readers to see more clearly. For a principal of 100,000 yuan, the highest interest rate is 4% for 3 months, which is a discount of a virtual bank, and 3.65% for 12 months and 6 months.

It should be noted that the following interest deposits are all for 3 months or more, and some very short deposit periods with interest rates exceeding 10% are not included.

Is it better to use 100,000 yuan for a fixed period?

▼Click on the picture to enlarge

[ET High Interest Rate]Big bank high interest current account earns $3000 in two months, and the interest is credited to the account every month

7 Bank interest rate hikes are no longer short-term plus long-term minus

This week, 7 banks raised interest rates. For a principal of 100,000 yuan, Public Bank has the highest interest rate. The 12-month deposit period has been increased to 3.65%, and interest rates have been raised for 6 months and 3 months. Deposit 100,000 yuan, earn 3,650 yuan a year in interest, and there is no new capital requirement.

The highest interest rate for the 6-month deposit period is CNCBI, which increased to 3.65% this week, and the 12-month and 3-month deposit periods also increased to 3.5% and 3.55% respectively, requiring new funds online.

Other banks that increase deposit interest include Citigroup, CCB Asia, DBS, Bank of Communications Hong Kong, and Ping An OneConnect. They all increase interest rates for different deposit periods, and it is no longer a “short increase and long decrease”.

4% lower threshold for 3 months
100,000 yuan principal, the highest interest rate is 3 months. Ping An OneConnect has recently increased the 3-month deposit period to 4%. You can start depositing with 100 yuan. If you have 100,000 yuan in principal, you can shorten it to 3 months Receive $1,000 in interest.

Date this article was last updated: April 28, 2023

Written by: Liao Yiran

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