2023-07-20 12:52:00
The silver bond guarantees a return of 5%, which is better than all time deposits regardless of the annual interest rate or the tenor. OCBC Bank immediately put away the 4.5% high interest rate, or transferred to the valley bank bond. However, the 3-month fixed deposit still reappeared at a high level of 4.5%, which is a discount from Fubon Bank; All increased to 4.4%, which is a new high level.
4.4% per month, depositing 500,000 yuan can earn more than 1,800 yuan quickly. In addition to the new customer discounts of individual banks, this is the most profitable short-term time deposit.
Compared with bank bonds, which need to lock up funds for 3 years, short-term fixed deposits are more flexible. The following is a look at the high interest rates of various banks:
July high-interest fixed deposit offer
Fubon serial interest rate hike, re-introduction of 4.5%Bank deposit period annual interest rate admission fee Fubon 3 months 4.5% (newly launched) 1 million yuan 12 months, 6 months, 3 months, 2 months, 1 month 4.4% (interest rate increase on July 20) 500,000 yuan
Overseas Chinese Bank received 4.5%The annual interest rate of bank deposit period admission fee is 4.15% for 12 months of OCBC Bank (reduced on July 14) 100,000 yuan (designated wealth management customers); 500,000 yuan (general personal customers) 4.1% for 288 days (reduced on July 14) ) 4.05% for 6 months (reduce interest rate on July 14)
Nanyang Commercial Bank adds up to 4.3% annual interest rate of bank deposit period. Admission fee Nanyang Commercial Bank 4.3% for 3 months (newly launched) 1 million yuan (designated wealth management customers) 4.15% for 6 months (newly launched) 4.0% for 12 months (newly launched) )
Serial interest rate hikes for virtual banksAnnual interest rate of bank deposit period admission fee Huili Bank 9 months, 6 months 4.3% (interest rate increase on July 18) 10 yuan Furong 6 months 4.2% (interest rate increase on July 15) No minimum deposit amount Ping An OneConnect 6 months, 3 months 4.1% (interest rate increase on July 11) 100 yuan
CCB Asia extended 20%Annual interest rate of bank deposit period Admission fee CCB Asia 1 week 20% (continued) 500,000 yuan 3 months 4.4% (continued) 1 million yuan (new customer) 1 month 3.5% (continued)
Bank of East Asia downgrades to 4.2%Bank deposit period annual interest rate admission fee Bank of East Asia 3 months 4.2% (interest reduction) 2 million yuan (new customers) 6 months 4.1% (interest reduction) 12 months 4.0%
Chong Hing 4.4% high interest rate off the shelvesBank deposit period annual interest rate Admission fee Chong Hing 3 months 4.4% (expired) 3 million yuan 3 months 4.2% (new customer) 500,000 yuan
Fubon re-launched 4.5%:Fubon once closed the discount of 4.5% for 3 months at the beginning of this month, but now it is re-launched. The minimum deposit needs to be 1 million yuan of new funds, which needs to be opened at a branch. All customers (including individual or corporate customers) can deposit $1 million earns $11,250 in interest. As for the 12-month or 6-month deposit period, the latest increase is 4.4%, which is also a new high. It is a discount for new funds in mobile banking, with a minimum deposit of 500,000 yuan.CCB Asia 4.4%:CCB Asia’s new/upgraded customers open “VIP Jinyu” and “VIP Wealth Management” with a new fund of 1 million yuan, and the 3-month deposit period is 4.4%. If it is the new funds of the above-mentioned existing wealth management customers, depositing 1 million yuan, there will be 4.3% in 3 months.East Asia 2 million 4.2%:Bank of East Asia’s new SupremePrivate wealth management customers, and deposit at least 2 million new funds, 3-month deposit period will be reduced from 4.4% to 4.2%, and 6-month period will be reduced from 4.2% to 4.1%.Overseas Chinese Bank 4.15 cents︰The new fund discount for Hongfu wealth management customers, the 388-day deposit period is no longer 4.5%, the latest 12-month deposit period is reduced to 4.15%, and the minimum deposit threshold is reduced to 100,000 yuan; the 288-day and 6-month deposit periods are reduced to 4.1% and 4.05%. For ordinary customers, deposits of 500,000 yuan can also have the same annual interest rate.Chong Hing 3 months 4.2%:Chong Hing accepts a discount of 4.4% for 3 months, and the current highest is 4.2%, which is a discount for new customers; existing customers open through electronic channels, regardless of new and old funds, 500,000 yuan, deposit for 3 months, 4.15%, $5000 There is also 4 per cent in yuan deposit.
Other 4% option
Excluding the high-interest discounts given to selected customers by major banks such as HSBC, the current deposit period of 3 months or more is the highest at 4.5% for OCBC Wing Hang, followed by 4.4% for CCB Asia and Bank of East Asia. These have been mentioned above, and the following is an inventory of other 4% options.
4% interest rateBank deposit period annual interest rate entrance fee Public Bank 6 months, 3 months 4.3% 500,000 yuan ICBC Asia 98 days 4.2% 3 million yuan (800,000 yuan 4.1%) 188 days 4.1% 3 million yuan (800,000 yuan 4.0 cent) Citigroup 4.2 cent 50,000 yuan for 3 months (designated account new customers) China Merchants Wing Lung 9 months, 6 months, 3 months 4.1 cents 500,000 yuan Bank of Communications Hong Kong 3 months 4.1 cents 1 million yuan Chiyu 6 Monthly, 3 months 4.1% 1 million yuan
Low threshold 4% choice
Recently, the low threshold of 4% has gradually increased, especially after the virtual silver has successively raised interest rates, the maximum is 4.3% in 6 months, and the minimum deposit can be 10 yuan. Public Bank immediately followed up, with a maximum of 4.2% for less than 100,000 yuan; Hang Seng general customers, 4.1% for deposits starting at 10,000 yuan; DBS 4.05% for deposits starting at 50,000 yuan, and 4-month and 3-month deposit periods 4%; China Merchants Wing Lung deposits starting from 10,000 yuan, 4.05% for 3 to 9 months:
4% option with low thresholdBank admission fee annual interest rate Deposit period Huili 10 yuan 4.3% 6 months Public Bank less than 100,000 yuan 4.2% 6 months, 3 months Furong does not set a minimum deposit amount 4.2% 6 months East Asia 20,000 yuan (new customers ) 4.15% for 3 months 4.05% for 6 months Hang Seng 10,000 yuan 4.1% for 3 months 3 months DBS 50,000 yuan 4.05% 12 months, 6 months 4.0% 4 months, 3 months CNCBI 10,000 yuan 4.0% 3 months Chongxing 5,000 yuan (both new and old funds) 4.0% 3 months
CCB earns 2000 yuan a week at 20%
In terms of welcome offers, CCB Asia is the most exaggerated, with a time deposit annual interest rate as high as 20%! The initial deposit amount is 500,000 yuan, and the deposit period is 1 week. You can earn about 1,918 yuan in 1 week in Hong Kong dollars, US dollars or RMB. But it is not easy to earn high interest rates, this offer has the following conditions:
To be a new CCB Asia “VIP Select” or “VIP Banking” customer, the average daily balance of the two accounts must be HKD 5 million and HKD 1 million respectively. Required to subscribe for designated investment products, such as funds, bonds or structured stock-linked fishing products.Subscription products must reach HK$500,000 or above
In other words, the threshold for earning this discount is 1 million yuan, because you must deposit at least 1 million yuan of new funds to become a new CCB Asia customer, and then invest at least 500,000 yuan in products to open the same 500,000 yuan 20% time deposit.
DBS 10% earn nearly 1,000 yuan a week
DBS Bank will renew the 10% higher interest rate in July, but the threshold is not low. You need to be a wealth management customer and subscribe to designated investment products at the same time. If the deposit amount of 500,000 yuan is calculated, 10% a week can make a quick profit of about 960 yuan.
Big banks participate in the Hang Seng 4.1% everyone has a share
A number of big banks participated in the time deposit rate hike war, HSBC as high as 5%, Bank of China Hong Kong and Standard Chartered Bank both exceeded 4%, but except for Hang Seng, the others are only for selected customers or designated wealth management customers:
Discounts for Selected Customers of Major BanksBank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Minimum deposit HSBC 4.91% 4.97% 5.0% 500,000 yuan Standard Chartered / 4.4% 4.4% 100,000 yuan Bank of China Hong Kong 4.0% 4.1% 4.1% 10,000 yuan Hang Seng /3.3% 4.1% 10,000 yuan
However, the above are only for selected customers. If no invitation is received, the prices for general customers of large banks are as follows:
Discounts for non-selected customers of major banksBank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Minimum deposit Hang Seng/3.2% 4.1% 10,000 yuan HSBC/3.4% 3.3% 10,000 yuan Standard Chartered 3.4% 3.4% 3.3% 10,000 yuan Bank of China Hong Kong 3.4 3.4% 3.3% 10,000 yuan
If you are not a selected customer, the fixed deposit discounts of large banks are not as good as other banks.
Date this article was last updated: July 20, 2023
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