which bank in hong kong has the most financial products for Yen?

[pico]

bank of china is offering 0.0001% interest for 3 month time deposit. is there better place to put your money?

[fth]

How much risk are you willing to face? To get a chance of a higher return, you also face a chance of loosing your money as well. I most liquid currencies 3 month rates are below 1% in the wholesale markets. If left with a bank they take a cut, so leaving very little for their depositors.

You could look at despositing in currencies such as the Brazilian Real, South African Rand, Indonesian Rupiah etc, not sure though which banks in Hong Kong offer the service of a straight deposit, and with it you run the risk of loosing your money if exchange rates move against you.

A popular "product de jour" here is a structured deposit where you deposit your cash, get offered a high interest rate "linked" to another currency. They have a less palatable "heads the bank wins, tails the depositor looses" feature where if the "linked" currency rises, the bank pays you back in HK$, limiting you to just the high interest rate as a gain, if the currency falls they pay you back in the "linked" currency allowing you to have a unspecified loss.

World Interest Rates Table

[bdw]

Since Yen is at a 15 year high vs USD (and therefore HKD), maybe now is a good time to transfer it to HKD.

Edit: are you talking about Japanese Yen? Or Chinese Yuan?

[PDLM]

A popular "product de jour" here is a structured deposit where you deposit your cash, get offered a high interest rate "linked" to another currency.

This is pure gambling against the bank offering the product. Not a very wise move IMO.

[pico]

linked deposits is pretty much selling currency option. same goes for equity linked deposits. i think it is kind of sneaky to market option contracts as high interest deposits.

[fth]

linked deposits is pretty much selling currency option. same goes for equity linked deposits. i think it is kind of sneaky to market option contracts as high interest deposits.

They are currency options