【Best Rate in Town】HK Banks HKD Fixed Deposit Interest Summary

【Best Rate in Town】HK Banks HKD Fixed Deposit Interest Summary

 Time deposit is one of the safest investment instruments to grow you assets without much risk, especially the US interest rate hike have significantly increased the interest rates on time deposits in Hong Kong. You should definitely consider parking your idle cash to earn some interests!

MoneySmart has compared the fixed deposit rates and account opening conditions of 9 different banks, including Citibank, Standard Chartered Bank, HSBC, Bank of China Hong Kong (BOC), DBS, CMB Wing Lung Bank, Bank of East Asia, China CITIC Bank International, and Industrial and Commercial Bank of China (Asia), as well as four virtual banks, including WeLab Bank, ZA Bank, airstar, and Fusion Bank.

Read on to find out the best rates in town!


Which Bank Offers Highest HKD Time Deposit Interest Rate? Hong Kong Fixed Deposits Interest Rate Overview


HKD Fixed / Time Deposits Interest Rate Offer in Traditional Banks (HSBC/Citi/BOC/Standard Chartered/CCB)

HKD Fixed Deposit Interest Rates and Offers Comparison
Bank
Annual rate
7 days 1 month 3 months 6 months 1 year Minimum deposit
HSBC Jade 9.00% 4.50% 3.60% 3.50% HK$10,000
HSBC Premier 8.90% 4.40% 3.60% 3.50% HK$10,000
HSBC One/Other customers 8.80% 4.30% 3.30% 3.20% HK$10,000
Bank of China (Foreign currency exchange) 8.00% 4.00% HK$50,000
Bank of China (New funds) 3.50% 3.40% HK$10,000
DBS (New funds) 2.65% 3.70% 3.80% 3.60% HK$50,000
Standard Chartered 3.40% 3.50% 3.10% HK$10,000
China Construction Bank (Asia) Please refer to the mobile app or online banking for the latest interest rates Up to HK$1 million
ICBC (Asia)
2.70% 3.80% 3.80% 3.70% HK$50,000
2.80% 3.90% 3.90% 3.80% HK$800,000
2.90% 4.00% 4.00% 3.90% HK$ 3 million or above
China CITIC Bank (Private banking client) 3.45% 4.13% 4.18% 4.08% HK$100,000
China CITIC Bank (CITICdiamond) 3.45% 4.10% 4.15% 4.05% HK$100,000
China CITIC Bank (CITICfirst) 3.45% 4.05% 4.10% 4.00% HK$100,000
China CITIC Bank (General customers) 3.45% 4.00% 4.05% 3.95% HK$100,000
Citi (Citigold) 5.00% HK$50,000
Fubon Bank (New Fund) 4% 4.15% 4.15% 4.15% HK$500,000
Bank of Communications 3.40% 4.05% HK$1 million
Bank of Communications (New Fund) 3.10% 3.75% 3.80% 3.60% HK$20,000
Bank of East Asia (SupremeGold) 4.30% 4.15% 3.75% HK$100,000
Bank of East Asia (Supreme) 4.25% 4.15% 3.75% HK$20,000
Hang Seng Prestige Private/Prestige Banking 8.90% 3.60% 3.50% HK$10,000
Hang Seng Preferred/Integrated Account 8.00% 3.60% 3.50% HK$10,000
Chong Hing Bank
0.10% 3.00% 3.85% 3.10% 2.70% HK$5,000
0.10% 3.00% 3.85% 3.10% 2.70% HK$50,000
0.10% 3.15% 4.00% 3.25% 2.85% HK$500,000
0.01% 0.10% 0.125% 0.125% 0.25% HK$50,000,001 or above
Nanyang Commercial Bank (Reward-Plus Time Deposit) 8.00% 4.00% HK$1,000
Nanyang Commercial Bank (Interest-Plus Time Deposit) NCB Wealth Management customers
3.50% 4.00% 4.00% 3.95% HK$100,000
3.40% 3.90% 3.90% 3.85% HK$ 1 million or above
Nanyang Commercial Bank (Interest-Plus Time Deposit) Other customers 3.30% 3.80% 3.80% 3.75% HK$100,000
CMB Wing Lung Bank “Wintech” Mobile App
0.90% 2.70% 3.40% 3.40% 3.30% HK$10,000
0.90% 2.90% 3.70% 3.70% 3.60% HK$500,000
0.90% 2.90% 3.85% 3.85% 3.80% HK$1,000,000
0.90% 3.00% 3.95% 3.95% 3.90% HK$5,000,000
Public Bank
1.20% 3.25% 3.80% 3.80% 3.70% HK$100,000 or below
1.20% 3.30% 3.85% 3.85% 3.75% HK$100,000
1.20% 3.35% 3.90% 3.90% 3.80% HK$500,000 or above
Shanghai Commercial Bank 3.08% 3.63% 3.63% 3.38% HK$1,000
Last updated on 2 May, 2024. Approximate interest earnings are for reference only. HSBC 7-day and 1-month time deposits require currency exchange from other currencies to HKD.

 


HKD Fixed / Time Deposits Interest Rate Offer in Virtual Banks (Fusion Bank/Airstar/ZA Bank/WeLab Bank)

Virtual Bank HKD Fixed Deposit Interest Rates and Offers Comparison
Bank 7 days 1 month 3 months 6 months 1 year Minimum deposit
Fusion Bank
0.05% 1.00% 3.90% 3.80% 3.50% HK$50,000 or below
0.05% 1.00% 3.90% 3.80% 3.50% HK$50,000
0.05% 1.00% 3.90% 3.80% 3.50% HK$500,000
0.05% 1.00% 3.90% 3.80% 3.50% HK$1,000,000 or above
WeLab Bank 2.00% 3.70% 4.20% 3.70% HK$10
Airstar 0.05% 0.50% 3.50% 3.50% 3.90% HK$1,000
ZA Bank 0.10% 0.10% 2.21% 2.51% 3.01% HK$1
Mox Bank 3.30% 3.10% HK$1
livi bank
0.25% 0.45% 1.50% 2.00% 2.40% HK$500
0.25% 0.45% 2.50% 3.00% 3.40% HK$200,000 or above
Last updated on 2 May, 2024.

7-day HKD Fixed / Time Deposit Interest Rates Comparison

The following is a list of the annual interest rates and approximate interest earnings for 7-day/1-week time deposits with the minimum deposit amount at major banks in Hong Kong:

7-day HKD Fixed/Time Deposit Interest Rates Comparison
Bank Annual Interest Rate Minimum Deposit
Estimated Interest Earned
HSBC Jade 9.00% HK$10,000 HK$17.26
HSBC Premier 8.90% HK$10,000 HK$17.07
HSBC One/Other customers 8.80% HK$10,000 HK$16.88
Bank of China (Foreign currency exchange) 8.00% HK$50,000 HK$76.71
Hang Seng Prestige Private/Prestige Banking 8.90% HK$10,000 HK$17.07
Hang Seng Preferred/Integrated Account 8.00% HK$10,000 HK$15.34
Chong Hing Bank 0.10% HK$5,000 HK$0.10
Nanyang Commercial Bank (Reward-Plus Time Deposit) 8.00% HK$1,000 HK$1.53
CMB Wing Lung 0.90% HK$10,000 HK$1.73
Public Bank 1.20% 以HK$10,000計算 HK$2.30
FusionBank 0.05% HK$1 HK$0.10
airstar 0.05% HK$1,000 HK$0.10
ZA Bank 0.10% HK$1 HK$0.19
livi bank 0.25% HK$1 HK$0.48
Last updated on 2 May, 2024. Approximate interest earnings are for reference only.

1-Month HKD Fixed / Time Deposit Interest Rates Comparison

The following table shows the annual interest rates and approximate interest earned for depositing the minimum amount for a 1-month time deposit at major banks in Hong Kong:

1-Month Hong Kong Dollar Time Deposit Interest Rates Comparison
Bank Annual Interest Rate Minimum Deposit
Approximate Interest Earned
HSBC Jade 4.50% HK$10,000 HK$37.50
HSBC Premier 4.40% HK$10,000 HK$36.67
HSBC One/Other customers 4.30% HK$10,000 HK$35.83
Bank of China (Foreign currency exchange) 4.00% HK$50,000 HK$166.67
DBS (New Fund) 2.65% HK$50,000 HK$110.42
ICBC (Asia)
2.70% HK$50,000 HK$112.50
2.80% HK$800,000 HK$1,866.67
2.90% HK$3 million or above HK$7,250.00
China CITIC Bank (Private banking client) 3.45% HK$100,000 HK$287.50
China CITIC Bank (CITICdiamond) 3.45% HK$100,000 HK$287.50
China CITIC Bank (CITICfirst) 3.45% HK$100,000 HK$287.50
China CITIC Bank (General customers) 3.45% HK$100,000 HK$287.50
Fubon Bank (New Fund) 4.00% HK$500,000 HK$1,958.33
Bank of Communications
3.40% HK$1 million HK$2,833.33
3.10% HK$20,000 HK$51.67
Chong Hing Bank
3.00% HK$5,000 HK$12.50
3.00% HK$50,000 HK$125.00
3.15% HK$500,000 HK$1,312.50
0.10% HK$50,000,001 or above HK$4,166.67
Nanyang Commercial Bank (Reward Plus) 4.00% HK$1,000 HK$3.33
Nanyang Commercial Bank (Interest-Plus High Yield) Selected NCB Wealth Management 3.50% HK$1,000,000 or above HK$2,916.67
Nanyang Commercial Bank (Interest-Plus High Yield) NCB Wealth Management 3.40% HK$1,000,000 or above HK$2,833.33
Nanyang Commercial Bank (Interest-Plus High Yield) All Clients 3.30% HK$100,000 or above HK$275.00
CMB Wing Lung Bank
2.70% HK$10,000 HK$24.17
2.90% HK$500,000 HK$1,208.33
2.90% HK$1,000,000 HK$2,500.00
3.00% HK$5,000,000 HK$12,500.00
Public Bank
3.25% HK$10,000 HK$27.08
3.30% HK$100,000 HK$275.00
3.35% HK$500,000 HK$1,395.83
Shanghai Commercial Bank 3.08% HK$1,000 HK$2.57
Fusion Bank 1.00% HK$1 (calculated in HK$10,000) HK$8.33
WeLab Bank 2.00% HK$10 (calculated in HK$10,000) HK$16.67
airstar 0.50% HK$1,000 (calculated in HK$10,000) HK$4.17
ZA Bank 0.10% HK$1 (calculated in HK$10,000) HK$0.83
Livi Bank 0.45% HK$500 (calculated in HK$10,000) HK$3.75
Last updated on May 2, 2024. Approximate interest earnings are for reference only. HSBC 1-month time deposits require currency exchange from other currencies to HKD.

3-month HKD Fixed / Time Deposit Interest Rates Comparison

The following table shows the annual interest rates and approximate interest earned for a minimum deposit of 3-month time deposit at major banks in Hong Kong:

3-month HKD Time Deposit Interest Rates Comparison
Bank Annual Interest Rate Minimum Deposit
Approximate Interest Earned
HSBC Jade 3.60% HK$10,000 HK$90.00
HSBC Premier 3.60% HK$10,000 HK$90.00
HSBC One/Other customers 3.30% HK$10,000 HK$82.50
Bank of China (New Fund) 3.50% HK$10,000 HK$87.50
DBS (New Fund) 3.70% HK$50,000 HK$462.50
ICBC (Asia)
3.80% HK$50,000 HK$475.00
3.90% HK$800,000 HK$7,800.00
4.00% HK$3 million or above HK$30,000.00
China CITIC Bank (Private banking client) 4.13% HK$100,000 HK$1,032.50
China CITIC Bank (CITICdiamond) 4.10% HK$100,000 HK$1,025.00
China CITIC Bank (CITICfirst) 4.05% HK$100,000 HK$1,012.50
China CITIC Bank (General customers) 4.00% HK$100,000 HK$1,000.00
Citi(Citigold / Citi Plus) 5.00% No specific requirement, just a minimum interest of HKD 0.01 (based on HKD 100,000). HK$1,250.00
Fubon (New Fund) 4.15% HK$500,000 HK$6,000.00
Bank of Communications
4.05% HK$1,000,000 HK$10,125.00
3.75% HK$20,000 HK$187.50
Bank of East Asia (SupremeGold) 4.30% HK$100,000 HK$1,075.00
Bank of East Asia (Supreme) 4.25% HK$20,000 HK$212.50
Hang Seng Prestige Private Banking 3.60% HK$10,000 HK$90.00
Hang Seng Preferred Banking 3.60% HK$10,000 HK$90.00
Chong Hing Bank
3.85% HK$5,000 HK$48.13
3.85% HK$50,000 HK$481.25
4.00% HK$500,000 HK$5,000.00
0.125% HK$50,000,001 or above HK$15,625.00
Nanyang Commercial Bank (High Yield Deposit) – NCB Wealth Management
4.00% HK$100,000 HK$10,000.00
3.90% HK$1 million or above HK$9,750.00
Nanyang Commercial Bank (High Yield Deposit) – Other Customer 3.80% HK$100,000 HK$950.00
CMB Wing Lung Bank
3.40% HK$10,000 HK$85.00
3.70% HK$500,000 HK$4,625.00
3.85% HK$1,000,000 HK$9,625.00
3.95% HK$5,000,000 HK$49,375.00
Public Bank
3.80% HK$10,000 HK$95.00
3.85% HK$100,000 HK$962.50
3.90% HK$500,000 HK$4,875.00
Shanghai Commercial Bank 3.63% HK$1,000 HK$9.08
Fusion Bank 3.90% HK$1 (calculated in HK$10,000) HK$97.50
WeLab Bank 3.70% HK$10 (calculated in HK$10,000) HK$92.50
airstar 3.50% HK$1,000 (calculated in HK$10,000) HK$87.50
ZA Bank 2.21% HK$1 (calculated in HK$10,000) HK$55.25
livi bank
1.50% HK$500 (calculated in HK$10,000) HK$37.50
2.50% HK$200,000 HK$1,250.00
Last updated on May 2, 2024. Approximate interest earnings are for reference only.

HK$10,000 Fixed / Time Deposit Interest Rates Comparison

The following table shows the annual interest rates and approximate interest earned for depositing HKD10,000 for 6 months or 12 months (1 year) in major Hong Kong banks:

HK$10,000 Fixed Deposit Interest Rates Comparison
Bank Annual Interest Rate (6 months) Approximate Interest Earned Annual Interest Rate (1 year)
Approximate Interest Earned
HSBC Jade 3.50% HK$175.0
HSBC Premier 3.50% HK$175.0
HSBC One/Other customers 3.20% HK$160.0
Bank of China (New Funds) 3.40% HK$170.0
Standard Chartered 3.50% HK$175.0 3.10% HK$310.0
China CITIC Bank International 3.50% HK$175.0
Hang Seng Prestige Private Banking 3.50% HK$175.0
Chong Hing Bank 3.10% HK$155.0 2.70% HK$270.0
CMB Wing Lung Bank 3.40% HK$170.0 3.30% HK$330.0
Public Bank 3.80% HK$190.0 3.70% HK$370.0
Shanghai Commercial Bank 3.63% HK$181.5 3.38% HK$338.0
Fusion Bank 3.80% HK$190.0 3.50% HK$350.0
WeLab Bank 4.20% HK$210.0 3.70% HK$370.0
airstar 3.50% HK$175.0 3.90% HK$390.0
ZA Bank 2.51% HK$125.5 3.01% HK$301.0
Mox Bank 3.30% HK$165.0 3.10% HK$310.0
Livi Bank 2.00% HK$100.0 2.40% HK$240.0
Last updated on May 2, 2023. Approximate interest earnings are for reference only.

HK$100,000 Fixed Deposits Interest Rates Comparison

The following table shows the annual interest rates and approximate interest earned for a 6-month or 12-month (1 year) fixed deposit of HK$100,000 with major banks in Hong Kong:

HK$100,000 Fixed Deposit Interest Rates Comparison
Bank Annual Interest Rate (6 months) Approximate Interest Earned Annual Interest Rate (1 year)
Approximate Interest Earned
HSBC Jade 3.50% HK$1,750
HSBC Premier 3.50% HK$1,750
HSBC One/Other customers 3.20% HK$1,600
Bank of China (New Funds) 3.40% HK$1,700
DBS (New Funds) 3.80% HK$1,900 3.60% HK$3,600
Standard Chartered 3.50% HK$1,750 3.10% HK$3,100
ICBC (Asia) 3.80% HK$1,900 3.70% HK$3,700
China CITIC Bank (Private banking client) 4.18% HK$2,090 4.08% HK$4,080
China CITIC Bank (CITICdiamond) 4.15% HK$2,075 4.05% HK$4,050
China CITIC Bank (CITICfirst) 4.10% HK$2,050 4.00% HK$4,000
China CITIC Bank (General customers) 4.05% HK$2,025 3.95% HK$3,950
Bank of Communications 3.80% HK$1,900 3.60% HK$3,600
Bank of East Asia (SupremeGold) 4.15% HK$2,075 3.75% HK$3,750
Bank of East Asia
(Supreme)
4.15% HK$2,075 3.75% HK$3,750
Hang Seng Prestige Private Banking 3.50% HK$1,750
Hang Seng Preferred Banking 3.50% HK$1,750
Chong Hing Bank 3.25% HK$1,625 2.85% HK$2,850
Nanyang Commercial Bank (Interest-Plus Time Deposit) Specific customers 3.80% HK$1,900 3.75% HK$3,750
CMB Wing Lung Bank 3.40% HK$1,700 3.30% HK$3,300
Public Bank 3.85% HK$1,925 3.75% HK$3,750
Shanghai Commercial Bank 3.63% HK$1,815 3.38% HK$3,380
Fusion Bank 3.80% HK$1,900 3.50% HK$3,500
WeLab Bank 4.20% HK$2,100 3.70% HK$3,700
airstar 3.50% HK$1,750 3.90% HK$3,900
ZA Bank 2.51% HK$1,255 3.01% HK$3,010
Mox Bank 3.30% HK$1,650 3.10% HK$3,100
livi bank 2.00% HK$1,000 2.40% HK$2,400
Last updated on May 2, 2024. Approximate interest earnings are for reference only.

HK$ 1 Million Fixed / Time Deposit Interest Rates Comparison

Want to make a large fixed deposit? In a high-interest environment, large fixed deposits can be considered as an investment method. For example, for a deposit of one million HK$, the following are the interest rates for various banks.

HK$1,000,000 Fixed Deposit Interest Rates Comparison
Bank Annual Interest Rate (6 months) Approximate Interest Earned Annual Interest Rate (1 year)
Approximate Interest Earned
HSBC Jade 3.50% HK$17,500
HSBC Premier 3.50% HK$17,500
HSBC One/Other Customers 3.20% HK$16,000
Bank of China (New Funds) 3.40% HK$17,000
DBS (New Funds) 3.80% HK$19,000 3.60% HK$36,000
Standard Chartered 3.50% HK$17,500 3.10% HK$31,000
ICBC (Asia) 3.90% HK$19,500 3.80% HK$38,000
China CITIC Bank (Private banking client) 4.18% HK$20,900 4.08% HK$40,800
China CITIC Bank (CITICdiamond) 4.15% HK$20,750 4.05% HK$40,500
China CITIC Bank (CITICfirst) 4.10% HK$20,500 4.00% HK$40,000
China CITIC Bank (General customers) 4.05% HK$20,250 3.95% HK$39,500
Fubon (New Funds) 4.15% HK$20,750 4.15% HK$41,500
Bank of Communications 3.80% HK$19,000 3.60% HK$36,000
BEA Wealth Management 4.15% HK$20,750 3.75% HK$37,500
Hang Seng Prestige Private Banking 3.50% HK$17,500
Hang Seng Preferred Banking 3.50% HK$17,500
Chong Hing Bank 3.25% HK$16,250 2.85% HK$28,500
Nanyang Commercial Bank (Interest-Plus Time Deposit) DesignatedNCB Wealth Management customers 4.00% HK$20,000 3.95% HK$39,500
Nanyang Commercial Bank (Interest-Plus Time Deposit) NCB Wealth Management customers 3.90% HK$19,500 3.85% HK$38,500
Nanyang Commercial Bank (Interest-Plus Time Deposit) Other customers 3.80% HK$19,000 3.75% HK$37,500
CMB Wing Lung Bank 3.85% HK$19,250 3.80% HK$38,000
Public Bank 3.90% HK$19,500 3.80% HK$38,000
Shanghai Commercial Bank 3.63% HK$18,150 3.38% HK$33,800
Fusion Bank 3.80% HK$19,000 3.50% HK$35,000
WeLab Bank 4.20% HK$21,000 3.70% HK$37,000
airstar Bank 3.50% HK$17,500 3.90% HK$39,000
ZA Bank 2.51% HK$12,550 3.01% HK$30,100
Mox Bank 3.30% HK$16,500 3.10% HK$31,000
livi bank 3.00% HK$15,000 3.40% HK$34,000
Last updated on May 2, 2024. Approximate interest earnings are for reference only.

 


Mox Deposit Interest Rate Reaches Up to 3.3%

The minimum deposit for opening a Hong Kong dollar time deposit account is only HK$1, with a 12-month time deposit interest rate of 3.3%.

Mox Offers HK$1,200 / 15,000 Miles as Welcome Offer

You now can enjoy up to HK$1,200 Cash Rebate / 15,000 miles and more if you are new Mox customer and spend over HK$3,000 in transaction with Mox Credit within 30 days.

In addition, you can currently open a time deposit with Mox and choose to use ‘Asia Miles’ mileage instead of cash as interest.

The interest earned is calculated according to the deposit period, with every HK$1 in principal earning 0.198 miles (6 months), 0.44 miles (12 months), or 0.748 miles (24 months). For example, a deposit of HK$130,000 can earn 25,740 miles in 6 months, 57,200 miles in 12 months, or 97,240 miles in 24 months.

Get the offer now before it expires!

Mox logo
Bank Promo
Min. Rate
1.5%
Saving Rate
3%
Minimum Initial Deposit
HK$0

HSBC’s Fixed Deposit Interest Rate Is Reaching Up to 9%

Through the “Foreign Exchange & Time Deposit Offer” in HSBC mobile banking, customers who exchange foreign currency into Hong Kong dollars with an amount equivalent to or above HK$10,000 and immediately create a 1-week time deposit can enjoy the preferential fixed deposit annual interest rate. HSBC’s Jade Customers can enjoy up to 9% p.a. interest rate.

However, to become a HSBC Jade customer, the account fund needs to have at least HK$7,800,000. For other HSBC customers, the annual interest rate will be lower, as shown in the table below:

HSBC HKD Time Deposit Offer Details
Customer Financial Bank Account Level Preferential interest rate p.a. (1 Week)
HSBC Jade 9%
HSBC Premier 8.9%
HSBC One / Other Customers 8.8%

Additionally, by opening a 3/6-month HKD time deposit with HK$10,000 or above of eligible *new funds through HSBC Personal Internet Banking or HSBC Mobile Banking, the annual interest rates are as follows:
(*The amount added to the latest total balance compared to that of 7 days ago.)

HSBC Preferential HKD New Fund Time Deposit Interest Rate – Online Offer
Customer Financial Bank Account Level Preferential interest rate p.a. (3 Months) Annual Interest Rate (6 Months) Annual Interest Rate (12 Months)
HSBC Jade 3.6% 3.5%
HSBC Premier 3.6% 3.5%
HSBC One 3.3% 3.2%
Other Customers 3.3% 3.2%
HSBC logo
Minimum Initial Deposit
HK$1,000,000
New Funds Offer
Up to HK$17,500
Payroll Acount Offer
Up to HK$1,200

BOC Time Deposit Foreign Currency to HKD Offers a 8% Interest Rate for 7 Days

Brand new BOC customers can enjoy a 8% preferential annual interest rate when depositing HK$50,000 or above and opening a 7-day preferential time deposit account via mobile app.

DBS Time 6-Month Deposit Foreign Currency to HKD Offers a Preferential Interest Rate of 3.8%

DBS Account and DBS Treasures’ customers can open a 6-month Hong Kong dollar time deposit account, to enjoy a 3.8% preferential annual interest rate by using promotion code X4166 (designated DBS customers) or W4166 (DBS customers) through DBS iBanking, or by opening a 6- months time deposit account with HK$50,000 or above through the DBS Digibank HK app.

Standard Chartered 12-Month Fixed Deposit Account with 3.1% Interest Rate

Customers who set up a fixed deposit for 6 months via branch or telephone banking can enjoy a preferential interest rate of up to 3.1%.

China Construction Bank (Asia) Fixed Deposit Interest Rates

The fixed deposit interest rates for China Construction Bank (Asia) in Hong Kong dollars can be found within the mobile banking and online banking platforms.

ICBC (Asia) Fixed Deposit of New Funds with 4% Interest Rate

Elite Club / e-Age Banking / Integrated Account can open a Hong Kong Dollar fixed deposit with an annual interest rate of up to 4.%.

China CITIC Bank International Fixed Deposits Reach a 4.13% interest rate for New Fund Savings

China Citic Bank International customers can enjoy a 4.13% annual interest benefit when setting up a fixed deposit with a HK$100,000 new fund or more and a tenor of a 3-month period via inMotion mobile app.

Fubon Bank Fixed Deposit Interest Rates for 6 Months up to 4.15%

Personal banking clients who open a 6 month fixed deposit with HK$500,000 or above in new funds via the Fubon+ mobile application can enjoy a special annual interest rate of up to 4.15%.

Bank of Communications’ 3-Month Time Deposit with 4.05% Annual Interest Rate on New Funds

Customers of Bank of Communications can enjoy a 3.75% preferential annual interest rate by opening a 3-month “Daily Preferential Time Deposit” account with an initial deposit amount of HK$20,000. For a deposit amount of HK$1,000,000 or above, the interest rate can reach up to 4.05%.

Set Up Online Time Deposit to Get Extra Cash Rewards

From April 2, 2024, to August 31, 2024, successfully set up a designated “Online New Funds Time Deposit” or “Online Delighted Time Deposit” through mobile banking or online banking with specified currencies (Hong Kong dollars, US dollars and Renminbi) and meet the specified requirements. For each, you can get an extra cash reward of up to HK$333, with a maximum of HK$999 cash rewards.

Bank of East Asia Fixed Deposit Interest Rate of 4.3% for 3 Months

From now on until June 30, 2024, new PREMIER Banking clients who deposit HK$500,000 or more in new funds and open a 3-month time deposit with HK$100,000 to HK$10,000,000 can enjoy an annual interest rate of 4.3%. Clients who upgrade to or already have a PREMIER Banking account and meet certain requirements can open a 3-month time deposit with HK$20,000 to HK$300,000 and also enjoy an annual interest rate of 4.25%.

Hang Seng Bank Fixed Deposit Interest Rate of 8.9% for 7 Days

From now until June 29, 2024, Hang Seng’s Preferred Banking and Private Banking customers can enjoy an annual interest rate of 8.9% by performing a Hong Kong dollar single exchange transaction of HKD 10,000 or equivalent through Hang Seng’s personal mobile app, e-banking, hotline, or branch, and simultaneously setting up a one-week Hong Kong dollar fixed deposit.

Customers with Preferred Banking or Integrated Account can enjoy an annual interest rate of 8%.

Chong Hing Bank Fixed Deposit Interest Rate of 4% for 3 Months

Individual customers who set up a 3-month fixed deposit through Chong Hing Online Banking or Mobile Banking and deposit HK$5,000 to below HK$500,000 can enjoy a preferential interest rate of 3.85%, while depositing HK$500,000 to below HK$50,000,000 can enjoy a preferential interest rate of 4%.

Nanyang Commercial Bank Fixed Deposit Interest Rate of Up to 8% for 7 Days

Nanyang Commercial Bank offers multiple fixed deposit promotions, including a 8% interest rate for a 7-day deposit in HKD when customers exchange funds of HK$1,000 or more through online or mobile banking and open a “Reward-Plus Time Deposit”.

In addition, customers who open a 6-month “Interest-Plus Time Deposit” with new funds at a branch and deposit HK$1 million or more as “Nan Shang Wealth Management” clients can enjoy a preferential rate if 4%. For other customers with a deposit of HK$100,000 or above, can enjoy a preferential annual interest rate of 3.8%.

CMB Wing Lung Bank Fixed Deposit Account with a 12-Month Annual Interest Rate of 3.8%

Opening a 12-month fixed deposit account of HK$500,000 or above through CMB WLB Wintech can enjoy an annual interest rate of up to 3.8%. For amount reaching HK$5,000,000 or above, the 6-month deposit interests rate can go up to 3.95%.

Public Bank Hong Kong offers 3.9% annual interest rate for HKD fixed deposit

Customers who open a 3-month HKD fixed deposit account with a minimum deposit of HKD 500,000 can enjoy an annual interest rate of 3.9%. For deposits below HKD 100,000, the interest rate is 3.8%.

Shanghai Commercial Bank Fixed Deposit Interest Rate of 3.63% for HKD

By conducting a 3-month HKD fixed deposit through personal online banking or mobile banking and depositing HKD 1,000 or more, you can enjoy a preferential annual interest rate of 3.63% for fixed deposits.

FusionBank 6-Month Fixed Deposit Interest Rate Up to 3.8%

By setting up a fixed deposit account through FusionBank App for 6 months, customers can enjoy a 3.8% preferential interest rate.

WeLab Bank Offers a 12-Month Fixed Deposit with a 3.7% Interest rate

WeLab Bank offers a 12-month deposit (GoSave 2.0) with an interest rate of 3.7% with a minimum deposit amount is HK$10.

airstar Bank Offers a 3-Month Fixed Deposit Offers An interest rate of 3.9%

The minimum deposit for opening a Hong Kong Dollar Fixed Deposit account is HK$1,000. The interest rate for a 12-month fixed deposit is 3.9%, and the annual interest rate for 3/6 months is up to 3.5%. No extra charges for early withdrawal.

ZA Bank 12-Month Deposit Account with an Annual Interest Rate of 3.01%

ZA Bank offers flexible deposit account plans. Customers can set up a time deposit account with a minimum of HK$1, for a duration of 1 month to 1 year, in which the preferential interest rate will be 3.01% for 12 months.

livi Bank 12-Month Time Deposit Interest Rate of 3.4%

Open a 12-month time deposit with HK$200,000 at an annual interest rate of 3.4%. For deposits below HK$200,000, the annual interest rate is 2.4%.


Quick Note: HKD Fixed Deposits Promotional Interest Rate is time-sensitive and subject to change.

While some banks may offer higher annual interest rates for new fund promotions, it is important to note that the deposit period is typically shorter, and the interest earned may not be significantly more. Plus, once the designated deposit period ends, the preferential interest rate will also end, which means you can no longer enjoy the promotional rates.

So, here are a few quick tips to help you stay MoneySmart when choosing Fixed Deposits:

  1. If the bank does not provide a specific time frame for preferential interest rates, the annual interest rate may change at any time.
  2. Please note the conditions or requirements for preferential treatment, which may include the need for new funds. (This refers to an increase in the total balance of the customer’s latest bank deposit compared to the balance of the previous month.)
  3. Additional benefits are available for designated wealth management customers and new customers. Prior to opening an account, it is recommended to thoroughly review and inquire about all conditions.

Time Deposit Investment Management Services Other than Bank Time Deposits

In addition to bank time deposits, some financial institutions have also launched time deposit investment management services, such as Syfe’s Fixed Income Treasure (HKD) which invests funds into Hong Kong bank time deposits. Syfe selects banking partners to obtain attractive interest rates, thereby optimizing your time deposit investments. The investment period of 6 months provides a fixed annual return rate of 4.7%, there is no minimum investment amount, no upper limit, and no management fees. It is a value-added option beyond bank time deposits. For details on opening a Syfe account: https://www.syfe.com/hk/cash-plus-fixed

  • Cash+ Fixed is an investment management service and should not be regarded as a collective investment scheme or a deposit or savings account. The optimized yield is not due to Syfe pooling investment funds, and Syfe has not regarded Cash+ Fixed HKD as a fund, plan, or portfolio with pooling elements.
  • Note that the yield may change before the investment starts. The yield of Fixed Income Treasure is fixed, but it is subject to potential bank risks. All Fixed Income Treasure earnings are only available after maturity.
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Frequently Asked Questions about HKD time deposit

Which is the best HKD fixed deposit?

What is a fixed deposit / time deposit?

A “fixed deposit” or “time deposit” refers to a deposit in a bank account that cannot be withdrawn before a set date or for which notice of withdrawal is required. Customers need to wait a certain period of time after the customer deposits to withdraw the deposit; otherwise, a handling fee is required.

The deposit practice seems inflexible, but the reason why it is still an attractive way to save is that banks usually pay interest, and the longer the deposit period, the higher the interest. The deposit period ranges from 7 days to 60 months. Interest rates have recently been raised, with more and more banks increasing the interest rate on time deposits; some banks have even raised their interest rates on time deposits as high as 4.5%, making time deposits more appealing.

How to calculate fixed deposit interest?

Fixed deposit interest = principal x annual interest rate x deposit period

Based on a principal of $100,000, an annual interest rate of 4%, and a deposit period of 3 months, the regular interest is:
100,000 x 4% x 3/12 =$1000

What is “New Fund” on time deposit?

Some banks state that the deposit of a new fund is required in their time deposit, but what is a new fund? Different banks define new funds differently, but they generally refer to funds transferred from the bank account or another account at the same bank.

How do I choose which HKD time deposit account is suitable for me?

It is recommended that customers consider the interest rate and compare the welcome offer, saving period requirement, interest rate after the offer period, and minimum deposit amount of different HKD fixed deposit accounts.

Which bank should I choose if I want to make a large time deposit?

Normally, interest rates in banks are higher for large deposits of $1 million or more, but the interest rate difference between banks offered may be less than 1%, so the interest earned would not be significantly different. If you are considering taking advantage of the welcome offer for a large deposit, for example, new customers of Citigold can enjoy a welcome offer of up to HK$38,000, which is a lot more than the interest rate. Applying to Citibank now through MoneySmart allows you to enjoy even more special offers!


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You may be also be interested in other currency time deposit comparison: USD Fixed Deposit and RMB Fixed Deposit Comparison.

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