HSBC raises US dollar deposit rate

Business | 4 May 2018 5:52 pm

The Hongkong and Shanghai Banking Corporation said it will lift its US dollar deposit interest rate from 0.001 percent to 0.1 percent, the first adjustment since May 21, 2009.

After the adjustment, the annual interest rate for savings under US$1,000 will be 0. For savings above US$1,000, the rate is 0.1 percent.

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