Time deposit interest rate comparison: Hong Kong dollar, RMB, and US dollar, the highest annual interest rate is 12%

HSBC provides time deposit services. Customers who deposit HKD 10,000 can enjoy an interest rate of 9% per year. Different banks have different customers and account opening methods, so you should compare carefully when choosing a deposit bank.

Another bank, Bank of China Hong Kong, offers a higher interest rate. Depositing HK$50,000 can enjoy 8% interest per year. Application channels include branches, online banking, mobile banking and dedicated phone banking services, making it more convenient for customers to make deposits.

Hong Kong dollar vs RMB vs US dollar deposit interest rate comparison

When choosing a deposit currency, in addition to interest rates, you should also consider the impact of exchange rate fluctuations on returns. The deposit interest rates for Hong Kong dollars, RMB and US dollars are different, and customers should make a suitable choice based on their own needs and risk tolerance.

HSBC time deposit details

• Deposit amount: HKD 10,000
• Annual interest: 9%
• Account opening method: Please contact the bank customer service center

BOCHK Time Deposit Details

• Deposit amount: HKD 50,000
• Annual interest: 8%
• Application channels: branches, online banking, mobile banking, personal answering phone banking services

Time deposits are a sound financial management method that can help customers improve capital utilization efficiency and achieve financial value-added. When choosing a deposit bank and currency, you should make an informed decision based on your needs and risk tolerance.