▲ The annual interest rate for six-month Hong Kong dollar time deposits has returned to 4.6%, and the annual interest rate for US dollar time deposits has returned to 5%. It is advisable to make arrangements before the U.S. interest rate cuts.
Federal Reserve Chairman Powell has made it clear that it is not appropriate to cut interest rates in March, and most markets estimate that the rate cut will be postponed to the middle of the year, or even in the second half of the year. Therefore, the interest rate in the next half year is expected to remain at a high level. The current maximum of six-month Hong Kong dollar time deposits has returned to 4.6%, and 15 banks still have high interest rates above 4%.
- The maximum 6-month Hong Kong dollar time deposit is 4.6%. The minimum deposit of new funds is NT$1 million, and the half-year interest rate is $23,000.
- Low threshold 4.2%, existing funds can be opened
- The maximum price for six-month U.S. dollar fixed deposits has returned to 5%, and many banks are still close to 5%.
Please pay attention to the refund of 6-month high-interest “three-run bonds”
The retail bonds issued by the AA have been listed earlier. Each person can only get a maximum of 3 lots. The actual interest earned on the NT$30,000 principal is not much. However, if there is a large refund, you can pay attention to the 6-month Hong Kong dollar time deposit.
In fact, despite the recent trend of interest rate cuts on time deposits, 15 banks still have interest rates of 4% or above for six-month deposit terms. Please see the table below for details:
6-month Hong Kong dollar time depositThe annual interest rate of new bank funds on deposits is 4.6% for OCBC Bank 1 million yuan (new financial management customers) and 4.3% for ICBC Asia
(188 days) 3 million yuan (financial management customers) Bank of East Asia 4.3% 2 million yuan (new financial management customers) Nanyang Commercial Bank 4.3% 1 million yuan (selected financial management customers) China Merchants Wing Lung 4.25% 5 million yuan (mobile banking) CNCBI International 4.25% 100,000 yuan (financial management customers) Chiyu Bank 4.2% 1 million yuan (branch new funds) BoCom Hong Kong 4.2% 20,000 yuan (electronic channels for general customers) DBS Bank 4.2% 50,000 yuan (new funds through electronic channels) ) CCB Asia 4.1% NT$1 million (new funds) Public Bank 4.1% NT$500,000 (mobile banking) Dah Sing Bank 4.1% NT$100,000 to NT$500,000 (new wealth management customers) Huili Bank 4.1%
(7 months) 10 yuan (existing funds) Fubon Bank 4.0% 500,000 yuan (mobile banking) Tianxing Bank 4.0% 1,000 yuan (existing funds)
Not shown in the above table are four large banks, including the three major note-issuing banks, which have recently reduced the six-month deposit period to less than 4%. Currently, HSBC, Hang Seng and BOC Hong Kong all have a maximum of 3.7%, while Standard Chartered’s is 3.9%.
- 4.6% is required for new financial management customers
Currently, the highest interest rates for six-month Hong Kong dollar time deposits are 4.6% from Overseas Chinese Bank and 4.35% from Bank of East Asia. Both require new financial management customers. The minimum deposit amount for the former is NT$1 million in new funds, and the basic annual interest rate is 4.35%. , 4.6% after taking into account cash rebates.
High-interest discounts often require new funds, and existing funds can also be as high as 4.25%, which is a discount offered by Merchants Wing Lung, but the minimum deposit must reach 5 million yuan, which is obviously designed to attract large investors.
If you want to lower the threshold, Bank of Communications Hong Kong offers discounts through electronic channels, with a minimum deposit of NT$20,000 and a 6-month deposit period of 4.2%.
DBS Bank has a minimum deposit of NT$50,000, with 4.2% for new funds and 4.15% for existing funds. It is also a better choice, and it also needs to be opened through electronic channels.
Virtual banks have the lowest thresholds, with Fulong Bank and Skystar Bank having 4.1% and 4% respectively, and the minimum deposit threshold is as low as zero yuan.
- Six-month U.S. dollar fixed deposit return to 5%
High-interest U.S. dollar fixed term (6-month deposit period)Bank annual interest rate deposit amount conditions Fulong Bank 5.0% No minimum deposit amount Virtual bank Nanyang Commercial Bank 4.9% Equivalent to HKD 100,000 New funds for selected financial customers Bank of East Asia 4.8% Equivalent to HKD 2 million New Supreme Private Financial Clients Silver Asia 4.8% (188 days) branch new funds of US$100,000 Fubon Bank 4.8% new mobile banking funds of US$30,000 CNCBI International 4.8% US$10,000 CITIC Diamond customer mobile new funds
Although many banks have reduced the annual interest rate of US dollar time deposits, the six-month deposit period has returned to 5%, which is a virtual bank financing offer. Other banks also have many options higher than 4.5%, which are higher than Hong Kong dollar time deposits. Readers who have US dollar deposits should make arrangements before the US interest rate cuts.
The last update date of this article: February 16, 2024
Editor in charge: Liao Yiran
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2024-02-16 04:41:01
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