2023-06-26 05:20:52
The three major note-issuing banks participated in the time deposit rate increase war, HSBC up to 5%, Bank of China Hong Kong and Standard Chartered Bank both exceeded 4%, but they are only limited to selected customers or designated wealth management customers:
Discounts for Selected Customers of Major Banks
Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Initial 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
However, the above are only for selected customers. If no invitation is received, the prices for general customers of the three major note-issuing banks are as follows:
Discounts for non-selected customers of major banks
Bank 12-month annual interest rate 6-month annual interest rate 3-month annual interest rate Initial deposit 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.
Low threshold 4% choice
As for other banks, the low threshold of 4% has gradually increased in recent days. After the latest DBS deposit interest rate increase, 4% for deposits starting from 50,000 yuan; following Chong Hing Bank raised interest rates this week, even deposits as low as $5,000 have 4% higher interest rates; After Wing Lung raises the interest rate, the starting deposit is 10,000 yuan, and it will be 4.15% for 3 to 9 months:
4% option with low threshold
Bank admission fee Annual interest rate Deposit period ICBC Asia 100,000 yuan (new customer) 4.2% 3 months Huili 10 yuan 4.2% 4 months China Merchants Wing Lung 10,000 yuan 4.15% 9 months, 6 months, 3 months East Asia 20,000 yuan (new customer) 4.15% 3 months 10,000 yuan 4.05% 3 months Chuangxing 5,000 yuan (new and old funds are acceptable) 4.05% 3 months CNCBI 10,000 yuan 4.05% 3 months DBS 5 4.0% for 6 months Citigroup 50,000 (new customers) 4.0% for 3 months
Up to 4.5% outside the note-issuing bank
Excluding the discounts offered by major banks for selected customers, Fubon has the highest rate of 4.5% for a deposit period of 3 months or above, and the quarterly interest rate for millionaires is $11,250; for long-term deposits of 12 months or above, OCBC Wing Hang has a maximum rate of 4.38%. There are currently nearly 20 banks in the “4% Club” army. The following two tables list the 4% options:
4.2 centimeters or more
Annual interest rate of bank deposit period Entry fee Fubon 3 months 4.5% 1 million yuan 12 months, 6 months, 3 months 4.1% 500,000 yuan Chuangxing 3 months 4.4% 3 million yuan 4.2% 500,000 yuan 4.05% 5,000 yuan Overseas Chinese Wing Hang 388 days 4.38% 200,000 yuan 288 days 4.2% 238 days 4.0% CCB Asia 3 months 4.3% 1 million yuan (new customers) 4.2% 1 million yuan
4% to 4.2%
China Merchants Wing Lung 9 months, 6 months, 3 months 4.2% 500,000 yuan 12 months 4.0% East Asia 3 months 4.2% 2 million yuan (new customers) 4.15% 20,000 yuan or 500,000 yuan (new customers) 6 Monthly 4.0% 2 million yuan (new customer) ICBC (Asia) 3 months 4.2% 100,000 yuan (new customer) 98 days 4.2% 3 million yuan
(4% for 100,000 yuan) 188 days 4.1% 3 million yuan
(800,000 yuan 4%) Huili 4 months 4.2% 10 yuan Bank of Communications Hong Kong 3 months 4.1% 1 million yuan Dah Sing 3 months 4.1% 1 million yuan Public Bank 12 months, 6 months and 3 months 4.0% 500,000 yuan Nanyang Commercial Bank 218 days 4.08% 1 million yuan Chiyou 3 months 4.0% 1 million yuan DBS 6 months 4.0% 50,000 yuan Citigroup 3 months 4.0% 50,000 yuan
Fubon 4.5%:Fubon recently launched a 4.5% high interest rate, with a deposit period of 3 months. At least 1 million yuan of new funds must be deposited, which needs to be opened at a branch. This is currently the highest interest rate Hong Kong dollar time deposit (3 months or more); and Fubon has also recently increased the discount for new funds in mobile banking to a maximum of 4.1%, with a minimum deposit of 500,000 yuan.
Chong Hing 3 months 4.4%:Chong Hing added 4.4% for 3 months, which is specially designed for large households with 3 million yuan of new capital, and the interest earned in one quarter reached 33,000 yuan. The lower threshold is 4%. New customers complete designated projects, 4.2% for 500,000 yuan; existing customers open through electronic channels, regardless of new and old funds, 500,000 yuan, deposit for 3 months, 4.2%, with a minimum deposit of $5,000 There is also 4.05 per cent.
OCBC Wing Hang 4.38%:OCBC Wing Hang Hongfu wealth management customers, 200,000 yuan of new funds, a new deposit period of 388 days, up to 4.38%, regarding 1 year and more than 1 month, depositing 200,000 yuan and earning interest of more than 9,300 yuan. In addition, the bank’s 288-day and 238-day deposit periods both have 4%.
ICBC (Asia) 4.2%:The discount for new customers of ICBC (Asia) is increased to 4.2%, the deposit period is 3 months, and the deposit amount is 100,000 to 800,000 yuan. Accounts are also eligible for discounts.
East Asia 2 million 4.2%:Bank of East Asia’s new Supreme Excellence Private Wealth Management customer deposits at least 2 million yuan in new funds, and the 3-month deposit period will be 4.2%, and the 6-month deposit will be 4%. If you want to lower the threshold, if you are a new Supreme Financial customer or SupremeGold customer, with a minimum deposit of 20,000 yuan or 500,000 yuan, you will get 4.15% for 3 months.
CCB Asia 4.3%:CCB Asia’s new/upgraded customers open “VIP Jinyu” and “VIP Wealth Management” with 1 million yuan of new funds, and the 3-month deposit period is 4.3%. If it is the new funds of the above-mentioned existing wealth management customers, depositing 1 million yuan, there will be 4.2% in 3 months.
China Merchants Wing Lung 4.2%:China Merchants Wing Lung has increased the deposit period of 9 months, 6 months and 3 months to 4.2%, with a minimum deposit of 500,000 yuan, and 4.15% for a minimum deposit of 10,000 yuan.
Huili 4.2%:Huili Bank has added a 4-month deposit period with an annual interest rate of 4.2%. It is the first virtual bank to increase the long-term interest rate of 3 months or more to 4%.
Dah Sing Bank 4.1%:Dah Sing Bank has a 3-month deposit period of up to 4.1%, which requires a new fund of 1 million yuan in a designated high-end account. There is 4% for the minimum deposit of 200,000 yuan.
Bank of Communications Hong Kong 4.1%:Bank of Communications Hong Kong’s designated wealth management account has a deposit amount of 1 million yuan, a 3-month deposit period of 4.1%, and a quarterly earning interest of more than 10,000 yuan; and general personal customers, the minimum deposit of 20,000 yuan is also increased to 3.8%.
Nanyang Commercial Bank 4.08 Rin︰Nanyang has added a special deposit period of 218 days, with an annual interest rate of 4.08%, starting from a new fund of 1 million yuan, and earning an interest of more than 24,000 yuan. If it is 500,000 yuan, there is also 3.98%, which is close to 4%.
CNCBI 4.05%:CNCBI has a low threshold of 4% and a 3-month deposit period, and 4.05% for new funds of 10,000 yuan, which need to be opened in mobile banking.
Public Bank 4%:For Public Bank’s 12-month, 6-month and 3-month deposit terms, the principal of 500,000 yuan is 4%, and existing funds can also be opened.
Shuyu Bank 4 Rin:Branches are opened with new funds, over 1 million yuan, 4% for a 3-month deposit period.
DBS 6 months 4%:After DBS Bank increases deposit interest, there will be 4% for 6 months, and new funds of 50,000 yuan will be enough, which need to be opened online; existing funds will have 3.95%.
Citigroup has a high threshold of 4%:Citigroup’s 3-month 4%, although the initial deposit amount is only 50,000 yuan, but you need to be a new customer of Citigold and hold a designated product balance, the actual threshold is not low.
Xuyin suddenly pushes 4.5% to grab short money
The virtual bank Ping An OneConnect suddenly launched 4.5% to grab short-term money. The deposit period is 14 days, and the threshold is low. 100 yuan can also be opened. 170 yuan.
In terms of long-term interest, virtual silver has a maximum interest rate of 4.2%, which belongs to Huili’s 4-month deposit period. The bank’s 12-month deposit period is 3.8%, which is also the highest interest rate among virtual silver. See the table below for details:
Virtual bank 12-month annual interest rate 6-month annual interest rate 3-4 month annual interest rate Deposit amount Huili
3.8%
3.0%
4.2% (4 months)
10 yuan Ping An One Account 3.4%
3.7%(5 months) 3.7% (3 and 4 months) 100 yuan Furong 3.0%
3.7%
3.7% No minimum deposit amount Mox Bank 3.5% 3.4% 2.0% No minimum deposit amount livibank 3.4% 3.0% 2.5% 200,000 yuan
Existing funds 4%:Existing funds also have high interest rates. Fubon’s 12-month, 6-month, and 3-month deposit periods, the existing funds amount to 1 million yuan, both are 4%, and the deposit earns $40,000 for 1 year; if the principal is less, you can consider Chong Hing For banks, the highest “cloud interest rate” is 4.2%, with a deposit period of 3 months. The existing funds of 500,000 yuan can be opened, and the minimum deposit of 5,000 yuan is also 4.05%.Annual interest rate of bank deposit period Entry fee Chong Hing 3 months 4.2% (existing funds) 500,000 yuan Fubon 12 months, 6 months, 3 months 4.0% (existing funds) 1 million Public Bank 12 months, 6 months Month, 3 months 4.0% (existing funds) 500,000 yuan CNCBI 3 months 3.8% (existing funds) 10,000 yuan Chiyu 3 months 3.8% (existing funds) 1 million yuan DBS 12 months, 6 months, 4 months, 3 months 3.8% (existing funds) 50,000 yuan China Merchants Wing Lung 6 months 3.5% (existing funds) 10,000 yuan
In addition to the long-term deposit period, there is also a fierce battle for short-term deposits within a week. The following introduces two high-interest welcome offers, one is8%another great idea20%！
ICBC 8% earn 300 yuan a week
ICBC (Asia) launched a welcome discount of 8%. No high-end wealth management account is required. General personal customers open a one-week fixed deposit of 1,000 yuan to 200,000 yuan through mobile banking. The annual interest rate is 8%. Quickly earn regarding 300 yuan a week.
The bank also has another discount, which was 3.8% for 3 months last month, and it lasted in May. It is also applicable to new personal customers, but it needs to be opened at a branch, with a deposit amount of 100,000 to 800,000 10,000 yuan, calculated as 800,000 yuan, earn 7,600 yuan in 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 regarding 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 be able to open with the same 500,000 yuan 20% time deposit.
Date this article was last updated: June 26, 2023
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