Regular Side Time Is Good - Part 3: 3 Month Bunt, Up to 4.5%, Let the Bank Feel Comfortable for the New Year (See High, Medium and Low Thresholds at a Time) - Hong Kong Economic Times - Financial Management - Interest Income Strategy

“Fixed deposit is good” today introduces the short term option. If you only save for 1 month or 1 week, although the annual interest rate is high, the actual interest earned after removing it is lower. So this website introduces3 months depositThe choice, open now, save for 3 months, immediately after the Lunar New Year, during this period you can go to Japan or Europe in peace and not be influenced by the ups and downs of the stock market.

At present, the bank’s 3-month Hong Kong dollar term deposit is up to 4.5%, but there are many conditions, not only the initial deposit amount is high, but also wealth management clients high-end. Below is a list of regular 3-month options with high, medium and low thresholds. If you wonder if you have millions of spare cash in hand, you can refer to Figure 1; if you have more than 100,000 yuan of funds and don’t know where to put them, you can refer to Figure 2; if you ask yourself, “Where is the money!” There is no threshold or maximum of 50,000 yuan.

The 3 month fixed deposit margin is good

Let’s start with a high threshold

The reality is cruel.As banks offer high interest rates, conditions don’t have to be low. There are two banks with the highest 4.5%. Although Citi only needs to deposit 50,000 yuan, it also needs to be a Citigold private customer company or a new Citigold customer. To be a Citigold customer, at least 1.5 million yuan in assets must be deposited. Citi’s private customers also want 8 million yuan. It’s not enough to be a new customer, you also need to hold designated products (such as insurance, funds) to enjoy the 4.5% annual interest rate.

4.5% of CCB Asia requires new clients to open “VIP Rewards” and “VIP Wealth Management” accounts; 4.2% of Fubon requires new personal clients to choose Ambassador Banking. The designated asset management accounts of the above two banks must have a minimum deposit of 1 million yuan.

Looking at the seven banks in Figure 1, the deposit interest rate of 4% or higher is all with a high minimum deposit amount or a designated wealth management account.

Under 1 million, close to 4%

If the admission fee falls below 1 million yuan, 4% is saved. Public Bank 3.9% for 3 months, with a minimum deposit of 500,000 yuan. Bank of East Asia is 3.5% and the minimum deposit is only 100,000 yuan, but it must be opened in a branch.

Chong Hing Bank Offers Welcome Discounts If you become a new personal customer before October 31, the deposit will be 3.38% for 128 days or 3 months and the minimum deposit is 500,000 yuan.

Virtual Yin Furong can go up to 3.05% for 3 months and the minimum deposit is 500,000 yuan. There is also an option for this line to have no minimum deposit, see below.

1 mosquito can do this regularly, it’s 4.09%

Of course, you won’t just need 1 yuan to go on a regular cycle, otherwise you’ll only earn a fraction after the deadline. However, the bank has a strategy of not setting deposit limits to create an image of “universal finance”. In addition to the discounts for new Citigold customers, Citibank general personal customers have 4.09% for 3 months via online / mobile banking and there is no minimum or maximum deposit amount. Note that this rate changes every day.

If you have 10,000 yuan, you can also consider CNCBI, BOCHK, or Hang Seng, which have 3.7%, 3.6%, or 3.2% respectively and do not need to designate an asset management account.

Among the virtual silver, Tianxing’s 3.1% admission fee is only 1,000 yuan, and Furong’s 3% is less than 500,000 yuan.

Revisit:

【Fixed deposit side room is good ─ Part 1: Do you want to make a regular side room with 100,000 yuan? (with 18 low cost admission banking options)】

【Regular margins are good – Part 2: Do you have 500,000 yuan to put in margins? 15 banks have 4% (add OCBC Wing Hang 5%)】

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