StanChart raises HK dollar deposit rates

Business | 15 May 2019 8:25 pm

Standard Chartered Hong Kong has increase the Hong Kong dollar fixed deposit rate to 1.7 percent, 1.8 percent and 1.9 percent for the three-, six- and 12 month deposits.

For deposits of HK$1 million or more, the  rate for the three-, six- and 12 months is 1.8 percent, 1.85 percent and 1.95 percent, respectively.

New customers of "Priority Banking" who deposit HK$1 million or more for three or six-months will get a rate of 1.9 percent and 2 percent, respectively. Meanwhile, CMB Wing Lung Bank also raised the one- and six-month Hong Kong dollar fixed deposit interest rates, to 0.95 percent and 1.6 percent, respectively for deposits not less than HK$10,000.

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