As the end of the year approaches, banks are scrambling for short-term funds. Recently, they have focused on raising the annual interest rate for a 3-month deposit period. At present, the highest annual interest rate for this deposit period has exceeded 5%. If you deposit 1 million yuan, you will earn 12,500 yuan in interest following the Chinese New Year. However, the time deposit with the highest interest rate has many conditions, not only a high initial deposit, but also a high-end financial management customer. If 100,000 yuan is not enough, the highest is 4.75%, which is quite impressive.
The following lists the three-month fixed-term options with high, medium and low thresholds. Figure 1 shows the principal of less than 100,000 yuan; Below, Figure 4 shows a principal of 1 million yuan or more. Only 4% or above is listed here, so none of the 3 major note-issuing banks are on the list.
“Fixed margins are good” analyzes the best fixed deposits of margin banks from different angles, remember to click to bury other articles at the end of the article!
3-month time deposit is good
4.75% regardless of old and new funds, no need for high-end financial accounts
Starting from the lowest threshold, Chong Hing Bank’s “cloud interest rate fixed deposit” is the most suitable, because it not only has the highest interest rate among the low thresholds, but also has a 4.75% annual interest rate for a 3-month deposit period and does not need to be a new customer or high-end financial management Accounts, regardless of old and new funds, are not limited to branch openings, but online/mobile banking openings, with a minimum deposit of 5,000 yuan.
Citigroup also has a low initial deposit and a higher interest rate, with a rate of 4.6%. However, although the initial deposit is low, this offer must be a Citigroup private client/Citigold new client and hold a designated product balance.
ICBC (Asia) has 4.45%, and the initial deposit is only 50,000 yuan, and there is no requirement to open a high-end wealth management account.
Among the 4 major banks, only Hang Seng reached the 4% level and made the list. Personal customers of this bank opened with new funds online, with 4.05%. However, the discount expired today, and it is unknown whether it will be renewed in December.
A group of virtual banks also have a 3-month fixed term rate of 4% or more, such as Ping An OneConnect, Furong and Tianxing, and their minimum deposit thresholds are very low.
100,000-500,000 more options
If the deposit amount is increased to 100,000 yuan or even 500,000 yuan, although Chong Hing’s 4.75% is still the highest interest rate, other banks have more choices, such as East Asia’s 4.5%, Public Bank’s 4.5%, CCB Asia’s 4.25%, Overseas Chinese Wing Hang and livi bank’s 4% and so on.
Deposit starting from 1 million yuan, the current break-through interest rate is 5%
Currently, among the 3-month deposit period, the city’s highest annual interest rate is 5%, which is a discount for new customers of CCB Asia’s “VIP Elite”/”VIP Wealth Management”. 12,500 yuan.
Fubon Bank’s 4.7% is second only to China Construction Bank and Chong Hing. It is only available for new personal customers who choose Ambassador Banking, and the new funds of existing customers are 4.6%.
There are individual banks with the highest interest rate option, with an initial deposit of up to 5 million yuan, such as 4.6% for NCB and 4.1% for China Merchants Wing Lung.
2 months deposit up to 4% 4 months up to 4.7%
In addition to the 3-month deposit period, banks also have their own unique tricks, some of which have introduced 2-month or 4-month deposit periods, with the purpose of absorbing year-end funds. NCB is the highest in both deposit periods, with 4% for 2 months and 4.7% for 4 months, but the deposit requirements are different. In addition, Chong Hing, Volkswagen, Bank of China, livibank, etc. all offer discounts for the above-mentioned deposit periods. For details, please refer to the picture below:
2 months and 4 months deposit period
Date this article was last updated: November 30, 2022
Written by: Liao Yiran
“Regular time is good” lazy bag【Check the margins once and see if there are any risks】
500,000 yuan as a time deposit, 3 5% or more, 4 at least 4.8% (updated on November 25)
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