More than 10 banks join the 4% club (adding 4.5% from Citi) with a new high-time deposit

Keep an eye on the latest news: 【Fixed deposit above 5% 12 months HKD 4.6% USD up to 5.1%】

Another bank joins the “4% Club” of fixed deposits and all shake up low-silver bonds to combat tough market conditions. Today Citibank increased 3-month term deposits in Hong Kong dollars and US dollars to 4.5% and the admission fee is HK $ 50,000 and US $ 10,000 respectively, but they must be assets of Citi’s private clients or new Citigold customers and hold balances of designated products.

Today CMB Wing Lung has significantly increased the deposit interest rate, increasing the deposit period from 3 to 12 months to over 4%, of which the maximum deposit period is 12 months and 24 months and the annual interest rate is 4.3%. applicable to Hong Kong dollar or US dollar term deposits. The minimum deposit is high, respectively HKD 5 million or USD 500,000.

In addition, livi bank also raised the 12-month Hong Kong dollar term deposit annual interest rate applicable to deposits of 200,000 yuan or more to 4%.

Currently there are at least 15 banks with a fixed deposit of 4%, in addition to Citi, China Merchants Wing Lung and Livi Bank, there are also Dah Sing Bank, CNCBI, Nanyang Commercial Bank, Bank of Communications Hong Kong, Public Bank, CCB Asia , DBS, Standard Chartered, ICBC (Asia), OCBC Wing Hang, Fubon Bank and Bank of East Asia.

As there are more and more choices for more than 4%,The fixed high interest deposits listed below are at least 4.2%, including US dollar, Hong Kong dollar and other foreign currencies, please note that this requires a deposit period of 3 months or more and a short term deposit of one week up to more than 10% is not included. The high-interest promotion of 8.8% of East Asia is not included, because the deposit limit is only 10,000 yuan and the effective interest is very low.

Hong Kong dollar time deposit of 4.2% or more (in order of lowest to highest annual interest rate)

Maximum Fubon 4.6%

Fubon has significantly increased the deposit interest rate and each deposit period is the king of deposit interest. The 12-month Hong Kong dollar annual interest rate is 4.6% and the 9-month, 6-month and 3-month annual interest rates are also 4.5%, 4.4% and 4.2% respectively. , The entrance fee is 1 million yuan. Among them, 4.2% of the 3-month period is required to use Ambassador Banking and Internet Banking services for new personal customers.

China Merchants Wing Lung also has a low threshold of 4%

Although CMB Wing Lung’s 4.3% deposit threshold is high, it costs 5 million yuan, but also has a low initial deposit amount of 4%. Taking 6 months deposit period for example, the deposit of 5 million yuan or more has 4.2% and 500,000 yuan, 4.1% or more and 4% to save 10,000 yuan or more.

CCB Asia’s 12-month Hong Kong dollar annual interest rate is 4.3%, but you need to open “VIP Premier” and “VIP Banking” clients for new clients with new funds of 1 million yuan or more. This offer is also available for 3 months with an annual interest rate of 4.1%. However, the threshold for designated wealth management accounts is not low. For example, “VIP Wealth Management” means that the combined average daily balance of the account must be at least RMB 1 million.

As for existing “VIP Premier” and “VIP Banking” customers, the 12-month Hong Kong dollar annual interest rate was also increased to 4.2% and deposit interest was increased for two days. consecutive. The 6-month deposit rate is also increased to 4%, which is the first 6-month deposit rate of 4% in the city. They both have the same minimum deposit of 1 million yuan.

The CNCBI recently raised both 12-month Hong Kong dollar and US dollar term deposits to 4.2%, and the threshold is low: it only needs new funds of HK $ 10,000 or US $ 1,500. but online / banking services for smarthpone must be established.

Chinese banks competed one after another for the “King of deposits and interest”. This Wednesday, Nanyang Commercial Bank launched a pop-up discount, with a fixed deposit of 388 days in Hong Kong dollars and an annual interest rate of 4.18%. Calculated from the deposit amount of 500,000 yuan, the interest earned during the period is approximately 22,200 yuan.

ICBC (Asia) recently increased the 388-day fixed deposit in Hong Kong dollars to 4.1%, as long as it is for ICBC “Elite Club” clients (total average daily asset management value is 800,000 yuan) . However, ICBC also has a lower minimum deposit amount, only 4% for 388 days of 100,000 yuan.It is not necessarily a client of an asset management club, but a complete client.

Term deposit in USD 4.2% or higher (annual interest rate is listed from lowest to highest)

Fubon goes up by 5%, according to the king of the deposit and interest

After many banks had USD term deposits of 4%, Fubon Bank, which was the first to reach the 4% level, raised the annual interest rate on 12-month USD term deposits to 5.1%. 9 months and 6 months increased to 4.95% and 4.8% respectively, and the admission fee equates to 1 million Hong Kong dollars.

China Merchants Wing Lung recently significantly increased the US dollar deposit interest rate, up to 4.3%, the deposit period is 12 months or 24 months, but the deposit amount is 500,000 US dollars . However, the threshold is lower, at $ 50,000 or $ 1,000, with a maximum annual interest rate of 4.2% and 4.1%, respectively.

The thresholds of other banks are not low: for example, ICBC Asia’s 4.1% in 388 days costs US $ 15,000 and 4.05% in 12 months costs US $ 1 million, while Bank’s 4.1% of East Asia in 12 months requires a minimum deposit of 100,000. New Hong Kong dollar funds. Standard Chartered and Public Bank Hong Kong are lower, with a minimum deposit of USD 2,000.

4% or more term deposit in foreign currency

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The annual interest on fixed foreign currency deposit is high risk and high

In addition to the US dollar, other foreign currencies have fixed deposits and long-term interest rates of up to 4%. Standard Chartered’s 12-month pound hits 4.5%. His 12-month Australian dollar fixed deposit was originally 4%, but today the bank adjusted it to 3.5%.

However, the risk of making fixed foreign currency deposits is currently quite high, as the British pound and Australian dollar fell 19% and 13% against the Hong Kong dollar this year. Term deposits in foreign currency cannot be “made to do” unless it is necessary to use foreign currency.

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