Bank entices cash payout deposits with higher rate

Business | 16 Jun 2020 10:53 pm

The Hongkong and Shanghai Banking Corporation will offer a one-month preferential 10 percent Hong Kong dollar savings deposit rate to personal customers who register for the government cash payout scheme through the bank.

The lender said customers, who register through HSBC by August 31 and receive the payment by September 17, can enjoy a one-month preferential 10 percent a year Hong Kong dollar savings deposit rate with the principal capped at HK$10,000. Customers are also required to complete at least one designated digital procedure or transaction within the offer period, the bank said.

In addition, eligible customers will have a chance at winning an extra HK$10,000 (30 winners), Apple iPhone SE 128GB (60 winners) and Apple iPad Air 256GB (20 winners).

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