HSBC raises Hong Kong dollar deposits

HSBC also announced an increase in interest rate after Standard Chartered, one of the banknote issuing banks, raised its deposit in Hong Kong last week. The three-month and six-month Hong Kong dollar deposit interest rates ranged from 0.05% to 0.3%, with a starting amount of $10,000.

Six months high, see 1.95%

For the three-month Hong Kong dollar deposits, HSBC Shangyu customers (capital of HK$7.8 million) can enjoy an annual interest rate of 1.9%, up 0.3% from the previous year; Premier Banking customers (with assets of $1 million) can enjoy an annual interest rate increase of 0.2%. The annual interest rate of the customers of the Fortune Management customers and other hoarders increased by 0.2% to 1.65% and 1.6% respectively.

For the six-month Hong Kong dollar deposits, HSBC Shangyu customers can enjoy an annual interest rate of 1.95%, which is an increase of 0.15%. The Premier Banking customers, Fortune Management customers and other households can also enjoy an annual interest rate increase of 0.05% to 1.75%. 1.7% and 1.65%. As for the Hong Kong dollar deposit of more than 2%, it is still only available to Shangyu customers. The 12-month Hong Kong dollar deposits have an annual interest rate of 2%, while the 18-month Hong Kong dollar deposits have an annual interest rate of 2.05%.

Li Ruofan, an economist at Huaqiao Wing Hang Bank, said that the company’s dividend payout period and the bank’s semi-annual settlement, coupled with the fact that Budweiser, the world’s largest beer producer, has come to Hong Kong for listing, pushing up the demand for Hong Kong dollar funds, the bank has therefore devalued the Hong Kong dollar and reduced its Interested in the incentives, she expects that the chance of the Hong Kong dollar hitting the weak side this week is not great. The website of the Treasury Markets Association showed that the Hong Kong dollar interest rate rebounded across the board; the overnight interest rate rose to 0.99%; the floor recovered to 1.67671% according to the relevant one-month interest rate.