Shit, thought 1.98% last Thursday was good.
Rates change all the time but BOC has excellent rates and can get a time deposit settled in under a minute using their mobile app. Great rates for HKD, RMB and USD. Didn't see any new money requirement, no maximums, usually if over 500k or 1m it goes up another 0.2%.
They have varying term lengths too, I've seen 3 months, 6, 12 and 18 months.
Well, just checked, still 1.95% is the highest I get. I must be on some lower rung. Can't see from the online banking page what it is, unfortunately. I'll call them tomorrow (or after Christmas, more likely) to see what's going on and where is my extra savings rate!
Got myself a BOC account. Was lucky since no queue in the branch
I saw 2.31% p.a. for 1 Month today at Citi (3M was slightly higher at 2.39%, but I went for the shorter term).
Are these rates going to be perpetual for renewals/indexed to some number?
P and other considerations will change the picture, but if P remains the same or moves higher will they remain the same?
I don't see the point in opening an account, transfering funds and going through all the buggery if you're returned to a 0.2% rate after the first month.
Found this on OCBC Wing Hang's website:
https://www.ocbcwhhk.com/whb/webpage...e_en_Dec18.pdf