Time Deposit Rates in Hong Kong

In Hong Kong, time deposits are offered by deposit taking institutions such as a licensed banks, restricted licensed banks and deposit-taking companies. It is considered a basic bank product that allows individuals to invest funds for an agreed time period with a corresponding agreed rate of return. In other countries this type of product may be known as a term deposit (Australia), fixed deposit (South Africa) or certificate of deposit (USA)

Time deposits also offer a higher rate of interest over a longer time horizon when compared to savings products due to higher risk and uncertainty. They are also illiquid because the funds are unavailable with possible penalties incurred if withdrawn before the agreed maturity. This type of deposit is available to be denominated in Hong Kong dollars or in other currencies with different corresponding rates of return and foreign exchange risk.

Popular deposit terms with corresponding interest rates offered by HK banks include but are not limited to 3 month, 6 month, 12 month periods.

Highest Interest Rates for HK Bank Time Deposit Accounts

Deposit Account Term APY
Standard Chartered Bank Hong Kong 1 Year RMB FCA Term Deposit1 year3.40% Apr, 2015
Standard Chartered Bank Hong Kong 1 Year NZD FCA Term Deposit1 year3.00% Apr, 2015
Standard Chartered Bank Hong Kong 1 Year AUD FCA Term Deposit1 year2.30% Apr, 2015
ORIX Asia Limited 3 Month Time Deposit Account3 month1.40% Apr, 2015
ORIX Asia Limited 1 Year Time Deposit Account1 year1.25% Apr, 2015
ORIX Asia Limited 6 Month Time Deposit Account6 month1.25% Apr, 2015
ORIX Asia Limited 1 Month Time Deposit Account1 month0.75% Apr, 2015
Standard Chartered Bank Hong Kong 1 Year Time Deposit1 year0.70% Apr, 2015
Standard Chartered Bank Hong Kong 1 Year HKD FCA Term Deposit1 year0.70% Apr, 2015
Standard Chartered Bank Hong Kong 1 Year USD FCA Term Deposit1 year0.70% Apr, 2015
DBS Hong Kong 1 Year CNY Time Deposit Account1 year0.55% Apr, 2015
Bank of East Asia 1 Year Time Deposit1 year0.4000% Apr, 2015
Bank of China Hong Kong 5 Year Time Deposit5 year0.30% Apr, 2015
Hang Seng Bank 1 Year Time Deposit1 year0.25% Apr, 2015
Bank of East Asia 6 Month Time Deposit6 month0.2500% Apr, 2015
HSBC Hong Kong 1 Year Time Deposit1 year0.20% Apr, 2015
DBS Hong Kong 1 Year USD Time Deposit Account1 year0.20% Apr, 2015
Bank of China Hong Kong 2 Year Time Deposit2 year0.20% Apr, 2015
Bank of China Hong Kong 1 Year Time Deposit1 year0.20% Apr, 2015
Bank of East Asia 3 Month Time Deposit3 month0.1500% Apr, 2015
DBS Hong Kong 1 Year Time Deposit Account1 year0.15% Apr, 2015
HSBC Hong Kong 6 Month Time Deposit6 month0.0500% Apr, 2015
Hang Seng Bank 6 Month Time Deposit6 month0.0500% Apr, 2015
DBS Hong Kong 6 Month Time Deposit Account6 month0.05% Apr, 2015
Bank of China Hong Kong 6 Month Time Deposit6 month0.05% Apr, 2015
Bank of China Hong Kong 3 Month Time Deposit3 month0.02% Apr, 2015
Bank of China Hong Kong 1 Month Time Deposit1 month0.02% Apr, 2015
HSBC Hong Kong 3 Month Time Deposit3 month0.0100% Apr, 2015
Hang Seng Bank 3 Month Time Deposit3 month0.0100% Apr, 2015
DBS Hong Kong 1 Month Time Deposit Account1 month0.01% Apr, 2015
DBS Hong Kong 3 Month Time Deposit Account3 month0.01% Apr, 2015