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FINANCE

HSBC to cut US dollar deposit rate by 12.4 basis points

FINANCE
11-12-2025 14:37 HKT
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A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. REUTERS
A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. REUTERS

The Hongkong and Shanghai Banking Corporation cut its US dollar deposit rate by 12.4 basis points, following a cut in the US interest rate.

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The bank lowered the rate to 0.001 percent per annum from 0.125 percent in October.

The change will take effect on Friday. 

HSBCdeposit rateUS dollarsavingscutinterest

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