Apart from Hong Kong dollars and US dollars, Hong Kong people most often place RMB time deposits. This website compares the regular annual interest rate of RMB among nearly 20 banks, the highest is 15%, but the highest long-term interest rate is only 2.75%. Compared with foreign currencies such as Hong Kong dollars, US dollars and even British pounds, there is a certain distance. Readers should be aware that the days when the renminbi earned both interest and value are a thing of the past. However, the RMB exchange rate has shown a tendency to stop falling recently. The market is waiting to see how China will continue to ease the epidemic and save the economy. Readers can always pay attention to the trend of the RMB.
Renminbi fixed deposit ratio
Short-term storage is better than playing, and the exchange rate risk is also lower
Renminbi fixed term should be short rather than long. Firstly, the exchange rate fluctuates. Second, long-term interest rates are not attractive. On the contrary, short-term interest rates are higher than ordinary foreign currencies.For example, Citi currently offers1 month 7%RMB fixed term, but must be opened in a branch. Fubon and CNCBI also have a one-month fixed term of more than 4%, and the initial deposit amount is not high, only 100,000 Hong Kong dollars equivalent and 10,000 Hong Kong dollars equivalent respectively.
For 1 week, the highest interest rate isCCB Asia’s 15%However, this offer needs to be opened at the same time as the bank’s “Monthly Interest Increase Savings Account”, otherwise it is 11%. Get rid of this choice,Both Fubon and Nanshang have 13.88%CNCB has 13.8%, all of which are only required to be exchanged funds.
2.75% requires 5 million yuan to be deposited for 2 years
At present, the long-term RMB interest rate is not attractive. The highest interest rate is 2.75% of China Merchants Wing Lung, but the initial deposit must be as high as 5 million RMB, and the deposit period must be as long as 24 months. If this requirement can be met, the interest rate will be 27.5% in 2 years. ten thousand yuan.
If the initial deposit is a little less, 100,000 yuan, CMB Wing Lung also has 2.7%, and 10,000 yuan is 2.65%. However, depositing for 24 months is a long time for many readers to lock up funds, and the risk of exchange rate is high.
12 months up to 2.7%
If it is a 12-month deposit period, China Merchants Wing Lung has a maximum of 2.4%, which is inferior to Public Bank, Standard Chartered, and Bank of Communications. Moreover, the initial deposit of the latter three is only 10,000 yuan, which is relatively close to the people.
2.5% for 6 months 2.3% for 3 months
The deposit period of 6 months and 3 months is the highest in the public bank, which is 2.5% and 2.3% respectively, and the minimum deposit is 10,000 yuan.
If you have a lot of money on hand, Fubon’s 6-month 2.3%, the minimum deposit is 1 million Hong Kong dollars or equivalent of new funds or exchange funds. The 2.3% of Nanshang needs 100,000 yuan.
In terms of 3 months, in addition to Public Bank, Shangshang has 2.15% for brand new funds or exchange funds with a minimum deposit of 100,000 yuan; Xuyin Furong has 2.1% for deposits of 500,000 yuan.
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