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Citibank 3mnth HK$ depo

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  1. #41

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    Quote Originally Posted by nick5000
    Why not buy USD T Bonds directly or via IB etc, around 2.4% for 3 months last I checked, higher for 1 year. No new funds etc requirements.
    I am planning to do just that in the near future

  2. #42

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    Quote Originally Posted by nick5000
    Why not buy USD T Bonds directly or via IB etc, around 2.4% for 3 months last I checked, higher for 1 year. No new funds etc requirements.
    You can buy T Bonds from IB? I am not sure if HK retail investors can buy US T Bonds directly (but happy to be told otherwise).

  3. #43

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    Quote Originally Posted by nick5000
    Why not buy USD T Bonds directly or via IB etc, around 2.4% for 3 months last I checked, higher for 1 year. No new funds etc requirements.
    After trading costs and buy/sell pricing differences?
    z754103 likes this.

  4. #44

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    USD time deposits 6 months at 2.65%. Probably better rates available. Haven't searched around.


  5. #45

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    Quote Originally Posted by shri
    After trading costs and buy/sell pricing differences?
    Best to not sell it, let it mature. You'll see total return when placing a (dummy) order. Even for a month or less there is some to gain. I haven't used IB but etrade and schwab have zero fee for bonds. Essentially you buy $1000 in X months for $9XX.XX
    shri likes this.

  6. #46

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    You know things are getting weird when banks get into the Mark Six game with deposits.

    Bank of China (Hong Kong) (2388) offers special deposit rates to new funding if the customer's ID card number contains any characters of H, A, P, Y, 2,0,1,9. The rates for three, six, or 12 month certificate deposit for Hong Kong dollar are at 2 percent, 2.28 percent, and 2.65 percent. For US dollars, they are at 2.38 percent, 2.68 percent and 2.88 percent.
    HIBOR falls, deposit rates follow suit - The Standard

  7. #47

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    Quote Originally Posted by shri
    You know things are getting weird when banks get into the Mark Six game with deposits.



    HIBOR falls, deposit rates follow suit - The Standard

    This is just stupid. I get if a bank wants to change rates depending on customer's profile etc, but using something arbitrary like their HKID numbers, the heck!

  8. #48

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    If I had time to deal with this, I'd email the Home Affairs Dept and ask them if there is an element of luck involved in this and if that broke any gambling/lucky draw rules.

    No time, so I'll just continue posting here ....

    chuckster007 and z754103 like this.

  9. #49

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    New promo today...


    Note-issuing bank Standard Chartered launches mileage rewards to attract time deposit clients. The Asia Miles to be received by a time deposit account-holder will depend on the amount and period of deposit.

    For example, a new 12-month time deposit worth $200,000 will be rewarded with 47,600 Asia Miles, whereas that of $1 million will earn 238,000 Asia Miles.
    2019/02/12 10:07
    Drunken Master likes this.

  10. #50

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    Quote Originally Posted by MandM!
    USD time deposits 6 months at 2.65%. Probably better rates available. Haven't searched around.
    USD time deposits up to 3%.

    HSBC jade is offering 3%
    Some local banks have 2.9% advertised

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