The bank’s high-interest time deposits are sometimes just a headline attraction, often with a lot of conditions attached, for example, the entrance fee may cost millions of dollars. Therefore, when you inquire or want to open an account formally, the funds on hand may not reach the threshold of high interest rates.
if with100,000 yuanFor the price of admission, there are actually quite a few options. Listed below are the low-threshold options of 19 banks, all of which have reached the 4% level, 2 have reached 5%, and 11 have at least 4.6%.
It should be noted that the following interest deposits are all for 3 months or more, and some very short deposit periods with interest rates exceeding 10% are not included. The 8.8% of the Bank of East Asia is also not included, because its maximum deposit amount is only 10,000 yuan.
“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!
If you have 100,000 yuan, would you like to do a fixed-term plan? (Arranged from low to high per annum)
Hang Seng Chong Hing 5%, Huili withdraws 5%
Two virtual banks, Huili and Ping An OneConnect, have launched a 5% high interest rate with a low threshold, and they have all been completed earlier.
However, there are still 2 banks for the low-threshold option. Selected customers of Hang Seng Bank open online with new funds. The deposit period is 5% for 6 months and 4.8% for 3 months.
Chong Hing Bank’s 12-month 5% high interest rate has a lower threshold, because regardless of new and old funds, no special customers or designated wealth management customers are required, but customers must open online/mobile banking. The bank still has a deposit period of 9 months and 6 months, and the annual interest rate is also more than 4.5%.
6 months up to 5% 3 months up to 4.8%
For the above two deposit periods, the highest interest rate for the low-threshold option is still Hang Seng, with 5% and 4.8% for 6 months and 3 months respectively, but both need to be selected customers.
In terms of 6 months, Chong Hing also has 4.85% and CNCB has 4.6%. And Public Bank, CCB Asia and NCB all have 4.55%.
In terms of 3 months, Chong Hing is 4.75%, second only to Hang Seng. Citigroup has 4.6%, but this is a new customer discount for Citigroup private client / Citigold account, and you need to hold a designated product balance.
Credit Bank, Bank of Communications 4.8%
In terms of traditional banks, CNCB’s 12-month 4.8% is the highest for 100,000 yuan or less, provided that new funds are obtained from online or mobile banking. However, the bank recently reduced the 6-month and 3-month fixed annual interest rates to 4.6% and 4.4% respectively.
Bank of Communications Hong Kong has increased the 12-month regular rate to 4.8%, and can be opened with a minimum of 20,000 yuan through electronic channels.
In terms of 100,000 yuan, East Asia has the highest rate of 4.7%, and the deposit period is 12 months, but it needs to be opened with new funds at the branch.
Date this article was last updated: December 2, 2022
Written by: Liao Yiran
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